Clinton, TN

Very Low · 62

Tennessee · Population 10,141 · Updated March 2026

$858
Median Rent / Month
$64,005
Median Income
$204,700
Median Home Value
$869
Owner Costs / Month

Affordability

How far your income goes in Clinton

16.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Tennessee

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
7.0%
Sales Tax
0.64%
Property Tax Rate

Estimated Annual Costs

$10,296
Annual Rent
$0
State Income Tax
$1,310
Property Tax (est.)

Cost of Living Overview

Clinton is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 62 (where 100 equals the national median), Clinton residents can expect to pay median rent of $858/month while earning a median household income of $64,005/year.

The median home value in Clinton, TN is $204,700, with typical monthly owner costs around $869 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Tennessee has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 7.0% sales tax rate and 0.64% effective property tax rate, the overall tax environment helps keep costs manageable in Clinton.

Frequently Asked Questions

Common questions about living costs in Clinton

What is the cost of living in Clinton, TN?
The cost of living index in Clinton, TN is 62 (US average = 100). Median monthly rent is $858, median household income is $64,005/year, and the median home value is $204,700.
Is Clinton, TN affordable?
Yes, Clinton is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 16.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Clinton, TN?
The median gross rent in Clinton, TN is $858 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,296.
What is the median household income in Clinton?
The median household income in Clinton, TN is $64,005 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Tennessee?
Tennessee has a top income tax rate of 0%, a sales tax of 7.0%, and an effective property tax rate of 0.64%. Notably, there is no state income tax.