Chattanooga vs Greensboro: Cost of Living Comparison
How does the cost of living in Chattanooga, Tennessee compare to Greensboro, North Carolina? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: Greensboro is the more affordable city overall. Housing costs are 17% higher in Chattanooga compared to Greensboro, while rent is 2% higher. TN has no state income tax.
| Metric | Chattanooga, TN | Greensboro, NC | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $230,500 | $197,200 | +16.9% |
| Median Monthly Rent | $1,066 | $1,048 | +1.7% |
| Income | |||
| Median Household Income | $57,703 | $55,051 | +4.8% |
| Per Capita Income | $37,983 | $34,209 | +11.0% |
| Taxes | |||
| State Income Tax Rate | None | 4.5% | -100.0% |
| Combined Sales Tax | 9.5% | 7.0% | +36.8% |
| Demographics | |||
| Population | 181,288 | 297,202 | -39.0% |
Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).
Rent vs. Buy Calculator — Chattanooga
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Rent vs. Buy Calculator — Greensboro
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Key Takeaways
- Housing: The median home in Chattanooga costs $230,500 compared to $197,200 in Greensboro — a 17% premium.
- Rent: Median rent is $1,066/mo in Chattanooga vs $1,048/mo in Greensboro.
- Income: Median household income is $57,703 in Chattanooga and $55,051 in Greensboro.
- Taxes: Tennessee has no state income tax, while North Carolina has a 4.5% rate.
Methodology
This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).