salaryRent is higher than in 54% of U.S. cities. A typical house costs about 3.4 years of household income. Most homes (78.9%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $69,120 a year. That is $33 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 87 of 114 cities from cheapest to most expensive.
How much do households earn in Powell?
Share of households by yearly income. 28.6% of households earn $100,000 or more.
Rent by apartment size in Powell
| Size | Powell | U.S. average |
|---|---|---|
| 1 bedroom | $598 | $1,324 |
| 2 bedrooms | $1,601 | $1,509 |
| 3 bedrooms | $1,483 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Powell 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 Powell, so the Tennessee figure is shown.
Taxes and bills in Powell
Life in Powell
Is it cheaper to rent or buy in Powell?
Renting is cheaper right now: about $349 a month less.
Owning assumes a typical $299,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $29,940 for the down payment.
Frequently asked questions
What is the average rent in Powell, TN?
Renting in Powell costs a median of about $1,728 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Powell?
To keep rent under 30% of income, you need about $69,120 a year, or $33 an hour at a full-time job.
Is Powell cheap or expensive?
Powell is rated OK: rent takes 23.3% of the typical household income of $88,905. It ranks 87th cheapest of 114 Tennessee cities we track.
How much are property taxes in Powell?
The median homeowner in Powell pays $1,041 a year in property taxes, about 0.35% of the median home value.
Is Powell 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 Powell?
The median home value in Powell is $299,400, about 3.4 times the typical yearly household income.
13,739 people live in Powell. Numbers are typical (middle) values.