Cost of Living in Cleveland, TN
Population: 48,185 • 2026 Data
$55,904
Median Household Income
-28% vs national
$966
Median Monthly Rent
-28% vs national
$241,800
Median Home Value
-29% vs national
5.4%
Unemployment Rate
Housing in Cleveland
The median home value in Cleveland, TN is $241,800. Monthly rent for a typical unit averages $966, while total monthly housing costs (including utilities and insurance) average $1,012.
Rent-to-income ratio: 20.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Cleveland, TN is $55,904. The unemployment rate stands at 5.4%, with a labor force of 23,465 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.