Starting a Business in Smith County, TN

What does it cost to start a business in Smith County? Here are the numbers.

Avg Startup Cost

$43,258

Monthly Overhead

$1,214

Est. Break-Even

30 mo

Runway

36 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,214/mo
Median Household Income$57,677
Property Tax Rate0.5%

Population (market size)20,034

Market Context

Median Home Value$200,500
Homeownership Rate74.8%
Median Rent$809/mo

CountySmith County

About Smith County, Tennessee

Smith County in Tennessee has a population of 20,034 and a median household income of $57,677. The smaller market may favor service-oriented businesses or online ventures.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Smith County

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Other Counties in Tennessee

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.