Small Town1,198 people

Lone Oak, TN

Discover how far your salary goes in Lone Oak. Compare taxes, rent, and living costs.

Cost Index
99
Below Average
Population

1,198

State Tax

None! 🎉

1BR Rent

$1,071

/month

vs National

-23%

below avg

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Rent Prices in Lone Oak

🏠

Studio

$857

/month

$10,284/year

Most Common
🛏️

1 Bedroom

$1,071

/month

$12,852/year

🏡

2 Bedroom

$1,446

/month

$17,352/year

🏘️

3 Bedroom

$1,874

/month

$22,488/year

Taxes in Tennessee

State Income Tax

Tennessee

0%
🎉

No State Income Tax!

Tennessee doesn't tax wages—keep more of every paycheck.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Lone Oak, TN?

Lone Oak has a cost of living index of 99, which is 1% below the national average. A 1-bedroom apartment costs around $1,071/month.

What is the state income tax in Tennessee?

Tennessee has no state income tax! This can save you thousands of dollars per year compared to states with income tax.

How much is rent in Lone Oak?

The median rent for a 1-bedroom apartment in Lone Oak is $1,071/month. For a 2-bedroom, expect to pay around $1,446/month. This is 23% below the national average.

Is Lone Oak a good place to live?

Lone Oak is a small town with a population of 1,198. The cost of living is below average, making it more affordable than average for the US. A major advantage is zero state income tax.

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