Mount Juliet, TN

Very High · 131

Tennessee · Population 40,828 · Updated March 2026

$1,875
Median Rent / Month
$107,847
Median Income
$423,000
Median Home Value
$1,787
Owner Costs / Month

Affordability

How far your income goes in Mount Juliet

20.9%
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

$22,500
Annual Rent
$0
State Income Tax
$2,707
Property Tax (est.)

Cost of Living Overview

Mount Juliet has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 131 (where 100 equals the national median), Mount Juliet residents can expect to pay median rent of $1,875/month while earning a median household income of $107,847/year.

The median home value in Mount Juliet, TN is $423,000, with typical monthly owner costs around $1,787 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.9% 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 Mount Juliet.

Frequently Asked Questions

Common questions about living costs in Mount Juliet

What is the cost of living in Mount Juliet, TN?
The cost of living index in Mount Juliet, TN is 131 (US average = 100). Median monthly rent is $1,875, median household income is $107,847/year, and the median home value is $423,000.
Is Mount Juliet, TN affordable?
No, Mount Juliet is more expensive than the national average with a cost index of 131. The rent-to-income ratio is 20.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mount Juliet, TN?
The median gross rent in Mount Juliet, TN is $1,875 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $22,500.
What is the median household income in Mount Juliet?
The median household income in Mount Juliet, TN is $107,847 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.