East Ridge, TN

Very Low · 71

Tennessee · Population 22,034 · Updated March 2026

$1,112
Median Rent / Month
$55,988
Median Income
$182,500
Median Home Value
$1,067
Owner Costs / Month

Affordability

How far your income goes in East Ridge

23.8%
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

$13,344
Annual Rent
$0
State Income Tax
$1,168
Property Tax (est.)

Cost of Living Overview

East Ridge is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 71 (where 100 equals the national median), East Ridge residents can expect to pay median rent of $1,112/month while earning a median household income of $55,988/year.

The median home value in East Ridge, TN is $182,500, with typical monthly owner costs around $1,067 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.8% 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 East Ridge.

Frequently Asked Questions

Common questions about living costs in East Ridge

What is the cost of living in East Ridge, TN?
The cost of living index in East Ridge, TN is 71 (US average = 100). Median monthly rent is $1,112, median household income is $55,988/year, and the median home value is $182,500.
Is East Ridge, TN affordable?
Yes, East Ridge is more affordable than the national average with a cost index of 71. The rent-to-income ratio is 23.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in East Ridge, TN?
The median gross rent in East Ridge, TN is $1,112 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,344.
What is the median household income in East Ridge?
The median household income in East Ridge, TN is $55,988 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.