Cost Of Living in Madisonville, TN

Get 300+ Local Insights for Any Address in Madisonville, TN

Get Access to 300+ Local Data Points

A+

10%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

28%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Madisonville	Tennessee	National
Cost of living	90	92	100
Groceries	96	98	100
Health care	96	97	100
Housing	72	80	100
Transportation	95	97	100
Utilities	99	98	100
Lifestyle & Entertainment	98	97	100
Household Items	100	98	100
Education & Childcare	101	97	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Madisonville, TN

5009 New Highway 68

Madisonville, TN

LOT 2 Magnolia Way

, TN

LOT 1 Magnolia Way

, TN

326 Tilley Rd

Madisonville, TN

See the Newest Homes For Sale In Madisonville, TN

Cost Of Living Quick Facts

The cost of living in Madisonville is 3% lower than the Tennessee average
The cost of living in Madisonville is 10% lower than the national average
Madisonville housing is 28% lower than the national average
Tennessee general sales tax is 37% higher than the national average
Tennessee state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Madisonville

See all the best places to live around Madisonville

Compare Madisonville, TN Cost of Living

Write a review to give others more information about this area.

See all Madisonville poll results

The best places in Tennessee

Here are the best places to live in Tennessee

Most Dangerous States In The US

Safest Cities In The US

Check out the 10 most dangerous cities in Tennessee

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$89,850	$7,488	$2,096	$2,696
Renters	$26,200	$2,183	$611	$786

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Madisonville, TN, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Madisonville, homeowners have a median income of $89,850. Using that number, a maximum of $2,096 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $26,200, which means there is a maximum of $611 to be spent on the costs of renting a home or apartment.

Tennessee Sales Tax

State	General Sales Tax	With Max Surtax
Tennessee	7%	9.75%

Tennessee Income Tax

State	Income Tax (Low)	Income Tax (High)
Tennessee	0%	0%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Englewood, TN	1,544	84	16.2%
Niota, TN	863	84	16.0%
Tellico Plains, TN	1,293	85	15.0%
Etowah, TN	3,600	86	14.4%
Sweetwater, TN	6,125	87	13.0%
Madisonville, TN	5,104	90	10.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Duryea, PA	5,104	90	10.0%
Hearst, ON	5,104	n/a
Neepawa, MB	5,104	n/a
Canutillo, TX	5,103	87	12.6%
Shediac, NB	5,103	n/a
Madisonville, TN	5,104	90	10.2%