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Cost of Living in Medina, TN (38355)

Quick Financial Snapshot

Hourly Living Wage$15.86 / hrBased on 2,080 hrs/yr
Target 50/30/20 Salary$65,976 / yrTo live comfortably
Family of 4 Monthly Cost$5,445 / mo2.0x single adult baseline

Executive Financial Report: Medina (38355)

Evaluating relocation options in Gibson? The financial baseline for residing in Medina, TN (38355) indicates that a single adult needs roughly $2,749 monthly to cover basic survival expenses.

With typical rent and housing utilities averaging an affordable $521 per month—just 19% of baseline expenses—Medina offers exceptionally competitive shelter costs compared to wider metropolitan averages across Tennessee.

To maintain sustainable financial health in Medina (38355) using the popular 50/30/20 budgeting framework, your essential living expenses ($2,749/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $65,976 to cover necessities while building savings. On an hourly basis, working a standard 2,080-hour work year requires a minimum hourly living wage of $15.86/hour just to meet basic survival costs.

For a family of four (2 adults and 2 children), basic monthly expenditures in Medina increase to $5,445 per month ($65,340/year)—approximately 2.0x higher than the single-adult baseline. Childcare premiums and multi-bedroom housing represent the largest contributors to this family budget increase. Compared against the area median family income of $56,410, local wages provide a 1.71x coverage ratio relative to single-adult baseline expenses.

Transportation costs average $923/month (34% of budget), while essential healthcare premiums demand $412/month. Direct tax liabilities consume $350 monthly (13% of spending). TN residents benefit from zero state personal income tax, providing valuable salary relief. Overall, living in Medina (38355) requires balancing real estate trends with local earnings.

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Recalculate costs based on your family size

Total Monthly Cost$2,749Est. $32,987 / year
Housing / Rent$52119.0% of monthly budget
Food & Groceries$260Essential food benchmarks
Area Median Income$56,410Annual household average

Expense Distribution

Detailed Monthly Breakdown

Housing$521
Food$260
Transportation$923
Healthcare$412
Taxes$350
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Frequently Asked Questions

Living Cost FAQs for Medina (38355)

Q: What is the minimum hourly living wage required in Medina, TN (38355)?

To cover essential living costs without financial distress, a full-time worker (2,080 hours/year) in Medina (38355) requires a minimum hourly living wage of $15.86/hour.

Q: How much salary do I need to live comfortably in Medina (38355)?

Following the 50/30/20 budgeting rule (where necessities consume 50% of net income), a single adult needs a target gross annual salary of roughly $65,976 to live comfortably in Medina (38355).

Q: What is the monthly cost of living for a family of four in Medina (38355)?

Estimated baseline monthly living expenses for a family of four (2 adults, 2 children) in Medina (38355) are $5,445 per month ($65,340 per year).