States › Tennessee › McKenzie

Is McKenzie, TN expensive to live in?

OKRent takes 30 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,00043% lower than U.S. average
💵 Families earn per year (2026)$40,159about $3,347/month · 54% lower than U.S. average
🔑 House price$154,50054% lower than U.S. average

Rent is lower than in 88% of U.S. cities. A typical house costs about 3.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $40,000 a year. That is $19 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

Yes. Rent here is cheaper than in most of Tennessee. It is number 28 of 114 cities from cheapest to most expensive.

McKenzie
$1,000
Eagleton Village
$1,183
Dunlap
$913
Rockwood
$1,141
Lafayette
$1,670
Mount Carmel
$677
Millersville
$1,552

How much do households earn in McKenzie?

Under $25k
27.8%
$25k–50k
28.8%
$50k–100k
24.1%
$100k–150k
7.5%
$150k+
6.0%

Share of households by yearly income. 13.5% of households earn $100,000 or more.

Rent by apartment size in McKenzie

SizeMcKenzieU.S. average
1 bedroom$576$1,324
2 bedrooms$718$1,509
3 bedrooms$921$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is McKenzie overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for McKenzie, so the Tennessee figure is shown.

Taxes and bills in McKenzie

🏛️ Property tax$825a year · 0.53% of home value · U.S. $3,119
⚡ Electric bill$142a month (typical) · U.S. $156

Life in McKenzie

Commute to work20.2 minU.S.: 26.4 min
College degree20%U.S.: 35.7%
Own their home60%U.S.: 65.2%
Below poverty line21.2%U.S.: 12.5%
Unemployment4%U.S.: 5.2%

Is it cheaper to rent or buy in McKenzie?

Renting is cheaper right now: about $72 a month less.

Renting
$1,000
Owning
$1,072

Owning assumes a typical $154,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,450 for the down payment.

Frequently asked questions

What is the average rent in McKenzie, TN?

Renting in McKenzie costs a median of about $1,000 a month in 2026, including utilities. The Tennessee median is $1,279.

How much do I need to make to live in McKenzie?

To keep rent under 30% of income, you need about $40,000 a year, or $19 an hour at a full-time job.

Is McKenzie cheap or expensive?

McKenzie is rated OK: rent takes 29.9% of the typical household income of $40,159. It ranks 28th cheapest of 114 Tennessee cities we track.

How much are property taxes in McKenzie?

The median homeowner in McKenzie pays $825 a year in property taxes, about 0.53% of the median home value.

Is McKenzie more expensive than the national average?

Overall prices in Tennessee are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in McKenzie?

The median home value in McKenzie is $154,500, about 3.8 times the typical yearly household income.

5,631 people live in McKenzie. Numbers are typical (middle) values.