Columbia, TN

Below Avg · 79

Tennessee · Population 43,971 · Updated March 2026

$1,092
Median Rent / Month
$61,204
Median Income
$261,700
Median Home Value
$1,112
Owner Costs / Month

Affordability

How far your income goes in Columbia

21.4%
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

$13,104
Annual Rent
$0
State Income Tax
$1,675
Property Tax (est.)

Cost of Living Overview

Columbia is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 79 (where 100 equals the national median), Columbia residents can expect to pay median rent of $1,092/month while earning a median household income of $61,204/year.

The median home value in Columbia, TN is $261,700, with typical monthly owner costs around $1,112 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.4% 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 Columbia.

Frequently Asked Questions

Common questions about living costs in Columbia

What is the cost of living in Columbia, TN?
The cost of living index in Columbia, TN is 79 (US average = 100). Median monthly rent is $1,092, median household income is $61,204/year, and the median home value is $261,700.
Is Columbia, TN affordable?
Yes, Columbia is more affordable than the national average with a cost index of 79. The rent-to-income ratio is 21.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Columbia, TN?
The median gross rent in Columbia, TN is $1,092 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,104.
What is the median household income in Columbia?
The median household income in Columbia, TN is $61,204 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.