Cost of Living in Dyer County, Tennessee

$760/mo
Median Monthly Rent
$159,500
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$760/mo
12% below state average
Median Home Value
$159,500
43% below national
Rent-to-Income Ratio
25.0%
% 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 Dyer County Compares

Median monthly rent comparison

Dyer County$760/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$760/mo
Median Gross Rent
$159,500
Median Home Value
$747/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio16.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Dyer County, Tennessee?
Dyer County, Tennessee has a median monthly rent of $760/mo and a median home value of $159,500. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Dyer County?
The median gross rent in Dyer County is $760/mo. This is 12% below state average for Tennessee.
Is Dyer County affordable?
Dyer County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Dyer County's rent compare to the state average?
Dyer County's median rent of $760/mo is 12% below state average of $860/mo for Tennessee.
What is the median home value in Dyer County?
The median home value in Dyer County, Tennessee is $159,500. This is 43% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Dyer County, Tennessee? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Dyer County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.