Spring Hill, TN

Very High · 131

Tennessee · Population 53,585 · Updated March 2026

$1,738
Median Rent / Month
$106,658
Median Income
$452,400
Median Home Value
$1,808
Owner Costs / Month

Affordability

How far your income goes in Spring Hill

19.6%
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

$20,856
Annual Rent
$0
State Income Tax
$2,895
Property Tax (est.)

Cost of Living Overview

Spring Hill 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), Spring Hill residents can expect to pay median rent of $1,738/month while earning a median household income of $106,658/year.

The median home value in Spring Hill, TN is $452,400, with typical monthly owner costs around $1,808 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.6% 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 Spring Hill.

Frequently Asked Questions

Common questions about living costs in Spring Hill

What is the cost of living in Spring Hill, TN?
The cost of living index in Spring Hill, TN is 131 (US average = 100). Median monthly rent is $1,738, median household income is $106,658/year, and the median home value is $452,400.
Is Spring Hill, TN affordable?
No, Spring Hill is more expensive than the national average with a cost index of 131. The rent-to-income ratio is 19.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Spring Hill, TN?
The median gross rent in Spring Hill, TN is $1,738 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,856.
What is the median household income in Spring Hill?
The median household income in Spring Hill, TN is $106,658 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.