Smyrna, TN

Average · 99

Tennessee · Population 55,066 · Updated March 2026

$1,366
Median Rent / Month
$78,409
Median Income
$326,700
Median Home Value
$1,374
Owner Costs / Month

Affordability

How far your income goes in Smyrna

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

$16,392
Annual Rent
$0
State Income Tax
$2,091
Property Tax (est.)

Cost of Living Overview

Smyrna has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 99 (where 100 equals the national median), Smyrna residents can expect to pay median rent of $1,366/month while earning a median household income of $78,409/year.

The median home value in Smyrna, TN is $326,700, with typical monthly owner costs around $1,374 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 Smyrna.

Frequently Asked Questions

Common questions about living costs in Smyrna

What is the cost of living in Smyrna, TN?
The cost of living index in Smyrna, TN is 99 (US average = 100). Median monthly rent is $1,366, median household income is $78,409/year, and the median home value is $326,700.
Is Smyrna, TN affordable?
Yes, Smyrna is more affordable than the national average with a cost index of 99. The rent-to-income ratio is 20.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Smyrna, TN?
The median gross rent in Smyrna, TN is $1,366 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,392.
What is the median household income in Smyrna?
The median household income in Smyrna, TN is $78,409 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.