Soddy-Daisy, TN

Very Low · 71

Tennessee · Population 13,117 · Updated March 2026

$996
Median Rent / Month
$67,824
Median Income
$241,400
Median Home Value
$900
Owner Costs / Month

Affordability

How far your income goes in Soddy-Daisy

17.6%
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

$11,952
Annual Rent
$0
State Income Tax
$1,545
Property Tax (est.)

Cost of Living Overview

Soddy-Daisy 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), Soddy-Daisy residents can expect to pay median rent of $996/month while earning a median household income of $67,824/year.

The median home value in Soddy-Daisy, TN is $241,400, with typical monthly owner costs around $900 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.6% 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 Soddy-Daisy.

Frequently Asked Questions

Common questions about living costs in Soddy-Daisy

What is the cost of living in Soddy-Daisy, TN?
The cost of living index in Soddy-Daisy, TN is 71 (US average = 100). Median monthly rent is $996, median household income is $67,824/year, and the median home value is $241,400.
Is Soddy-Daisy, TN affordable?
Yes, Soddy-Daisy is more affordable than the national average with a cost index of 71. The rent-to-income ratio is 17.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Soddy-Daisy, TN?
The median gross rent in Soddy-Daisy, TN is $996 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,952.
What is the median household income in Soddy-Daisy?
The median household income in Soddy-Daisy, TN is $67,824 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.