Cost of Living in Chester County, Tennessee

$714/mo
Median Monthly Rent
$155,200
Median Home Value
17% below state averageUnaffordable

At a Glance

Median Monthly Rent
$714/mo
17% below state average
Median Home Value
$155,200
45% below national
Rent-to-Income Ratio
24.0%
% 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 Chester County Compares

Median monthly rent comparison

Chester County$714/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$714/mo
Median Gross Rent
$155,200
Median Home Value
$692/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Chester County, Tennessee

Chester stands out as affordable

Chester County renters spend just 14.2% of household income on rent, well below the national median and among the best affordability ratios in our eight-county sample. With a median household income of $60,543—respectable for rural Tennessee—Chester delivers genuine housing relief for budget-conscious movers.

Best affordability in the group

Chester's rent-to-income ratio of 14.2% ranks significantly below Tennessee's state average of 17.6%, making it one of the most affordable counties in the dataset. The combination of a lower-than-average rent of $714 and above-average household income of $60,543 creates a rare affordability sweet spot.

Genuinely cheaper living here

Chester's $714 median rent is the lowest among our sample alongside Clay County, while its $60,543 median income outpaces most rural peers. This double advantage—low rent plus decent wages—sets Chester apart from neighboring Claiborne ($736 rent) and Cocke ($787 rent) counties.

Housing leaves room in the budget

The typical Chester household earns $60,543 annually and pays $714 in monthly rent or $692 for ownership, consuming just 14.2% and 13.7% of gross income respectively. That efficiency is rare at this income level and means Chester residents have more breathing room for other necessities and savings.

Top choice for affordability seekers

If maximizing housing affordability is your priority, Chester County delivers genuine value: reasonable rents, solid incomes, and a rent-to-income ratio below the state average. Compare it to nearby rural counties to confirm commute feasibility, but Chester offers some of the best housing economics in this region.

Affordability Calculator

See how your income compares to housing costs in Chester County

$

Rent Burden

14.2%

of gross income

Max Housing (28% Rule)

$1,413

per month

Owner Cost Burden

13.7%

of gross income

You can likely afford the median home in Chester County

Median home value is $155,200. Estimated monthly cost: $1,239 vs. your max of $1,413.

Rent Affordability Guide

Your rent-to-income ratio14.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Chester County, Tennessee?
Chester County, Tennessee has a median monthly rent of $714/mo and a median home value of $155,200. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Chester County?
The median gross rent in Chester County is $714/mo. This is 17% below state average for Tennessee.
Is Chester County affordable?
Chester County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Chester County's rent compare to the state average?
Chester County's median rent of $714/mo is 17% below state average of $860/mo for Tennessee.
What is the median home value in Chester County?
The median home value in Chester County, Tennessee is $155,200. This is 45% 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.