Cost of Living in Dyer County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Dyer County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Dyer County ranks #2,110 of 3,144 counties for affordability (bottom 33%)
Data Story
About Cost of Living in Dyer County, Tennessee
Dyer County delivers solid rental affordability
Dyer County's 16.6% rent-to-income ratio underperforms the national average, meaning renters here enjoy better affordability than typical Americans. With median rent at $760 and median household income of $54,973—below the national $74,755—Dyer sacrifices income for housing savings, creating a favorable trade-off for budget-conscious relocators.
Dyer ranks among Tennessee's most affordable
Dyer's 16.6% rent-to-income ratio beats Tennessee's 17.6% state average, securing it a position among the state's best rental values. The $760 median rent sits well below the state average of $860, making Dyer particularly attractive for renters prioritizing low monthly payments.
Dyer offers cheapest rents with modest income
Dyer's $760 rent is the lowest among its regional peers, undercutting Crockett ($854) and Cumberland ($829) while matching DeKalb ($773). Against these comparables, Dyer's $54,973 median income exceeds Decatur and DeKalb, delivering better affordability without extreme income sacrifice.
Dyer's housing costs balance well
Renters allocate $760 monthly while owners pay $747 for mortgages, both consuming under 17% of the $54,973 median household income. The median home value of $159,500 remains accessible for many households, particularly those with dual incomes or accumulated down payments.
Dyer delivers genuine rural affordability
Considering Dyer works well for renters and homebuyers seeking low housing costs without extreme income cuts versus urban alternatives. Stack Dyer's 16.6% rent-to-income ratio against pricier Dickson (15.9%, but higher income) or income-poor Decatur (18.6%) to confirm Dyer fits your financial priorities.
Cost of Living Advisory: Dyer County
Affordability Verdict
Dyer County is affordable for renters, with a median gross rent of $760/month representing approximately 16.6% of median household income. The rent burden (GRAPI) stands at 25.0%.
Rent vs. Own
The median rent in Dyer County is $760/month, while owner costs run $747/month. Owning saves approximately $13/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,400/year. For owner costs at the 28% rule, the required income is roughly $32,014/year. With a median household income of $54,973, most households can comfortably afford rent here. Notably, 25.0% of renter households in Dyer County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Tennessee, Dyer County is less affordable than Henderson County by roughly 6% ($760/mo vs $812/mo).
Affordability Calculator
See how your income compares to housing costs in Dyer County
Rent Burden
16.6%
of gross income
Max Housing (28% Rule)
$1,283
per month
Owner Cost Burden
16.3%
of gross income
You can likely afford the median home in Dyer County
Median home value is $159,500. Estimated monthly cost: $1,273 vs. your max of $1,283.
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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