salaryRent is higher than in 76% of U.S. cities. Household incomes are higher than in 87% of U.S. cities. A typical house costs about 4.9 years of household income. Commutes are long, about 30.5 minutes each way. Most homes (81.3%) are owned, so rentals can be hard to find. It is a highly educated city: 61.9% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $87,880 a year. That is $42 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 103 of 114 cities from cheapest to most expensive.
How much do households earn in Thompson's Station?
Share of households by yearly income. 55.2% of households earn $100,000 or more.
How expensive is Thompson's Station 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 Thompson's Station, so the Tennessee figure is shown.
Taxes and bills in Thompson's Station
Life in Thompson's Station
Is it cheaper to rent or buy in Thompson's Station?
Renting is cheaper right now: about $2,663 a month less.
Owning assumes a typical $700,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $70,050 for the down payment.
Frequently asked questions
What is the average rent in Thompson's Station, TN?
Renting in Thompson's Station costs a median of about $2,197 a month in 2026, including utilities. The Tennessee median is $1,279.
How much do I need to make to live in Thompson's Station?
To keep rent under 30% of income, you need about $87,880 a year, or $42 an hour at a full-time job.
Is Thompson's Station cheap or expensive?
Thompson's Station is rated Cheap: rent takes 18.4% of the typical household income of $143,060. It ranks 103rd cheapest of 114 Tennessee cities we track.
How much are property taxes in Thompson's Station?
The median homeowner in Thompson's Station pays $2,592 a year in property taxes, about 0.37% of the median home value.
Is Thompson's Station 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 Thompson's Station?
The median home value in Thompson's Station is $700,500, about 4.9 times the typical yearly household income.
8,294 people live in Thompson's Station. Numbers are typical (middle) values.