Cost of Living in Cannon County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Cannon County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Cannon County ranks #1,214 of 3,142 counties for affordability (top 39%)
Sourced county brief
Cannon County Median Renter Income Recorded at $40,139
In Cannon County, the median renter-household income was estimated at $40,139 during the 2020-2024 period. According to the U.S. Census Bureau ACS 5-Year Estimates, the official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 26.8%. This matches closely with the Tennessee unweighted county mean GRAPI of 26.9%, differing by 0.1 percentage points. The median gross rent in the county was $908 per month, while the state unweighted county mean was $893. The median home value was $252,000, compared to the state unweighted county mean of $223,385. Median selected monthly owner costs for all owner-occupied units were $650, which is $138 below the state unweighted county mean of $788. These figures are from the dataVersion acs5-2020-2024 release using methodologyVersion cost-brief-v1, lastReviewedAt 2026-07-10. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Cannon County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.8% of renter household income in Cannon County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $908 per month; median selected monthly owner costs are $650. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $36,320 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Tennessee unweighted mean of county median rents is $893 per month. Cannon County's $908 median is 1.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Cannon County
Rent Burden
18.3%
of gross income
Max Housing (28% Rule)
$1,387
per month
Owner Cost Burden
13.1%
of gross income
The median home in Cannon County may be a stretch
Median home value is $252,000. Estimated monthly cost: $2,012 vs. your max of $1,387.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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