States › Tennessee › McMinnville

Is McMinnville, TN expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$83253% lower than U.S. average
💵 Families earn per year (2026)$50,883about $4,240/month · 42% lower than U.S. average
🔑 House price$182,20045% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.6 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $33,280 a year. That is $16 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 14 of 114 cities from cheapest to most expensive.

McMinnville
$832
Powell
$1,728
Lakeland
$1,847
Portland
$2,168
Elizabethton
$997
Athens
$1,147
Soddy-Daisy
$1,255

How much do households earn in McMinnville?

Under $25k
27.8%
$25k–50k
32.1%
$50k–100k
25.1%
$100k–150k
6.4%
$150k+
3.2%

Share of households by yearly income. 9.6% of households earn $100,000 or more.

Rent by apartment size in McMinnville

SizeMcMinnvilleU.S. average
Studio$438$1,338
1 bedroom$636$1,324
2 bedrooms$894$1,509
3 bedrooms$1,015$1,698

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

How expensive is McMinnville 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 McMinnville, so the Tennessee figure is shown.

Taxes and bills in McMinnville

🏛️ Property tax$1,001a year · 0.55% of home value · U.S. $3,119
⚡ Electric bill$134a month (typical) · U.S. $156

Life in McMinnville

Commute to work25.1 minU.S.: 26.4 min
College degree11.7%U.S.: 35.7%
Own their home49.7%U.S.: 65.2%
Below poverty line20.7%U.S.: 12.5%
Unemployment9%U.S.: 5.2%

Is it cheaper to rent or buy in McMinnville?

Renting is cheaper right now: about $432 a month less.

Renting
$832
Owning
$1,264

Owning assumes a typical $182,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,220 for the down payment.

Frequently asked questions

What is the average rent in McMinnville, TN?

Renting in McMinnville costs a median of about $832 a month in 2026, including utilities. The Tennessee median is $1,279.

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

To keep rent under 30% of income, you need about $33,280 a year, or $16 an hour at a full-time job.

Is McMinnville cheap or expensive?

McMinnville is rated Cheap: rent takes 19.6% of the typical household income of $50,883. It ranks 14th cheapest of 114 Tennessee cities we track.

How much are property taxes in McMinnville?

The median homeowner in McMinnville pays $1,001 a year in property taxes, about 0.55% of the median home value.

Is McMinnville 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 McMinnville?

The median home value in McMinnville is $182,200, about 3.6 times the typical yearly household income.

13,844 people live in McMinnville. Numbers are typical (middle) values.