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)
How Cannon County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Cannon County ranks #350 of 3,144 counties for affordability (top 11%)
Data Story
About Cost of Living in Cannon County, Tennessee
Cannon leads Tennessee on affordability
Cannon County's rent-to-income ratio of 16.1% is the lowest in this entire survey and beats the national median by roughly 1.4 percentage points. With a median household income of $58,092 and modest $781 rent, Cannon delivers genuine affordability relief relative to the US baseline.
Best rent-to-income ratio statewide
Cannon's 16.1% rent-to-income ratio substantially outperforms Tennessee's 17.6% state average, placing it among the state's most affordable counties. The combination of $781 rent and the county's moderate income creates the survey's strongest affordability position.
Modest rents, premium home values
Cannon's $781 median rent sits between rural county lows and Anderson's $960, while the $227,600 median home value ranks among the highest in this survey. This suggests a market attracting homebuyers seeking suburban stability rather than deep-discount rural housing.
Affordability strength spans both tenures
Cannon renters spend just 16.1% of their $58,092 income on $781 rent, while homeowners spend 12.9% on $627 monthly ownership costs. Both tenure options remain highly affordable relative to income, making Cannon accessible for renters and buyers alike.
Top choice for balanced affordability
Cannon County offers the survey's best rent-to-income balance and exceptional homeownership affordability at just $627 monthly. Anyone seeking reliable, wallet-friendly Tennessee housing with genuine breathing room should prioritize Cannon County alongside Blount for employment prospects.
Cost of Living Advisory: Cannon County
Affordability Verdict
Cannon County offers affordable rental housing at a median of $781/month — about 16.1% of the typical household income here.
Rent vs. Own
At $781/month rent versus $627/month in owner costs, owning is roughly $154/month cheaper — a 20% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,240/year. For owner costs at the 28% rule, the required income is roughly $26,871/year. With a median household income of $58,092, most households can comfortably afford rent here. Notably, 27.0% of renter households in Cannon County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Lauderdale County where rent averages $729/month, Cannon County is approximately 7% more expensive.
Affordability Calculator
See how your income compares to housing costs in Cannon County
Rent Burden
16.1%
of gross income
Max Housing (28% Rule)
$1,355
per month
Owner Cost Burden
13.0%
of gross income
The median home in Cannon County may be a stretch
Median home value is $227,600. Estimated monthly cost: $1,817 vs. your max of $1,355.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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