Cost of Living in Benton County, Tennessee

$788/mo
Median Monthly Rent
$123,400
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$788/mo
8% below state average
Median Home Value
$123,400
56% below national
Rent-to-Income Ratio
26.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Benton County Compares

Median monthly rent comparison

Benton County$788/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$788/mo
Median Gross Rent
$123,400
Median Home Value
$569/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Benton County, Tennessee

Rural county stretches low incomes tight

Benton County's 18.8% rent-to-income ratio exceeds the national median, with residents earning a median of just $50,435—32% below the US average of $74,755. This gap means renters in Benton face greater affordability strain despite modest absolute rent levels.

Above-average rent burden statewide

Benton's rent-to-income ratio of 18.8% ranks among the higher burden counties in Tennessee, exceeding the state average of 17.6% by 1.2 percentage points. Though the $788 median rent is below the state average, the lower incomes in this rural county make every dollar count more.

Cheapest rents in the region

Benton's $788 median rent is the most affordable in its peer group, beating Campbell County ($715 lower rate but different income base) and significantly undershooting Anderson ($960). However, Benton's median home value of $123,400 is the lowest across comparable counties, reflecting a genuinely rural market.

Low incomes make modest rents stretch far

Benton renters spend 18.8% of their $50,435 income on $788 rent—nearly one in five dollars. Mortgage costs average $569, suggesting homeownership remains the most attainable path for stability in this low-income county.

Seek this county only with rural income plans

Benton's ultra-low housing costs ($788 rent, $123,400 homes) appeal to remote workers or retirees with income independent of local jobs. Urban professionals considering relocation should verify telework viability, as the county's median income of $50,435 signals limited local wage growth.

Affordability Calculator

See how your income compares to housing costs in Benton County

$

Rent Burden

18.7%

of gross income

Max Housing (28% Rule)

$1,177

per month

Owner Cost Burden

13.5%

of gross income

You can likely afford the median home in Benton County

Median home value is $123,400. Estimated monthly cost: $985 vs. your max of $1,177.

Rent Affordability Guide

Your rent-to-income ratio18.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Benton County, Tennessee?
Benton County, Tennessee has a median monthly rent of $788/mo and a median home value of $123,400. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Benton County?
The median gross rent in Benton County is $788/mo. This is 8% below state average for Tennessee.
Is Benton County affordable?
Benton County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Benton County's rent compare to the state average?
Benton County's median rent of $788/mo is 8% below state average of $860/mo for Tennessee.
What is the median home value in Benton County?
The median home value in Benton County, Tennessee is $123,400. This is 56% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.