Cost of Living in Carroll County, Tennessee

$757/mo
Median Monthly Rent
$122,100
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$757/mo
12% below state average
Median Home Value
$122,100
57% 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 Carroll County Compares

Median monthly rent comparison

Carroll County$757/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$757/mo
Median Gross Rent
$122,100
Median Home Value
$587/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Carroll County, Tennessee

Rent takes 18% of Carroll income

Carroll County renters spend 18.0% of household income on rent, slightly above the national median of about 15%. This puts the county in modest territory—residents here dedicate a proportionally larger share to housing than the typical American, but remain below the danger zone of 30% that signals cost-of-living stress.

Slightly tighter than Tennessee average

At 18.0%, Carroll's rent-to-income ratio exceeds Tennessee's state average of 17.6%, marking it as marginally less affordable than peers statewide. The county's median rent of $757 runs nearly $100 below the state average of $860, but incomes here are also lower, explaining the slightly worse affordability picture.

Among the most affordable in region

Carroll County's $757 median rent undercuts nearby Coffee County ($885) and Cocke County ($787), making it one of the most budget-friendly rentals in this part of Tennessee. Owner costs tell a similar story: at $587/month, Carroll's mortgage burden is lower than most neighbors, appealing to would-be homebuyers on modest incomes.

Renters and owners find balance

The typical Carroll County household earns $50,391 annually and pays $757 in monthly rent or $587 for ownership costs. Whether renting or buying, housing consumes roughly 14–18% of gross income—sustainable for most families, though those earning closer to minimum wage will feel the pinch more acutely.

Consider Carroll for value

If you're relocating to Tennessee and prioritize affordability, Carroll County delivers below-state-average rents paired with median home values around $122,100. Compare it against Coffee County (higher rents) and nearby Nashville suburbs to find your sweet spot of cost and opportunity.

Affordability Calculator

See how your income compares to housing costs in Carroll County

$

Rent Burden

18.0%

of gross income

Max Housing (28% Rule)

$1,176

per month

Owner Cost Burden

14.0%

of gross income

You can likely afford the median home in Carroll County

Median home value is $122,100. Estimated monthly cost: $975 vs. your max of $1,176.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in Carroll County, Tennessee?
Carroll County, Tennessee has a median monthly rent of $757/mo and a median home value of $122,100. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Carroll County?
The median gross rent in Carroll County is $757/mo. This is 12% below state average for Tennessee.
Is Carroll County affordable?
Carroll 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 Carroll County's rent compare to the state average?
Carroll County's median rent of $757/mo is 12% below state average of $860/mo for Tennessee.
What is the median home value in Carroll County?
The median home value in Carroll County, Tennessee is $122,100. This is 57% 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.