salaryRent is lower than in 58% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 31.3 minutes each way. Most homes (80.4%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $59,560 a year. That is $29 an hour at a full-time job.
Is rent cheaper than other Tennessee cities?
No. Rent here is more expensive than in most of Tennessee. It is number 75 of 114 cities from cheapest to most expensive.
How much do households earn in Munford?
Share of households by yearly income. 39.6% of households earn $100,000 or more.
Rent by apartment size in Munford
| Size | Munford | U.S. average |
|---|---|---|
| 2 bedrooms | $910 | $1,509 |
| 3 bedrooms | $1,431 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Munford overall?
Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Munford, so the Tennessee figure is shown.
Taxes and bills in Munford
Life in Munford
Is it cheaper to rent or buy in Munford?
Renting is cheaper right now: about $207 a month less.
Owning assumes a typical $244,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,440 for the down payment.
Frequently asked questions
What is the average rent in Munford, TN?
Renting in Munford costs a median of about $1,489 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Munford?
To keep rent under 30% of income, you need about $59,560 a year, or $29 an hour at a full-time job.
Is Munford cheap or expensive?
Munford is rated Cheap: rent takes 18.5% of the typical household income of $96,559. It ranks 75th cheapest of 114 Tennessee cities we track.
How much are property taxes in Munford?
The median homeowner in Munford pays $1,334 a year in property taxes, about 0.55% of the median home value.
Is Munford 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 Munford?
The median home value in Munford is $244,400, about 2.5 times the typical yearly household income.
6,588 people live in Munford. Numbers are typical (middle) values.