Cost of Living in Grundy County, Tennessee

$723/mo
Median Monthly Rent
$133,400
Median Home Value
16% below state averageUnaffordable

At a Glance

Median Monthly Rent
$723/mo
16% below state average
Median Home Value
$133,400
53% below national
Rent-to-Income Ratio
27.0%
% 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 Grundy County Compares

Median monthly rent comparison

Grundy County$723/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$723/mo
Median Gross Rent
$133,400
Median Home Value
$551/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Grundy County, Tennessee

Grundy County Above National Housing Burden

Grundy County's 19.0% rent-to-income ratio exceeds the national average, indicating renters here face tighter housing budgets than typical U.S. households. With a median household income of just $45,573 supporting $723 monthly rent, housing consumes a notably larger share of earnings.

Grundy County Struggles with Affordability

At 19.0%, Grundy County's rent-to-income ratio significantly exceeds Tennessee's 17.6% state average, marking it as one of the state's less affordable counties. Renters here face above-average housing cost pressure despite paying close to the state median rent of $860.

Poorest Affordability Among Peers

Grundy County's 19.0% rent-to-income ratio is the worst among comparable rural Tennessee counties, with only Hamblen County ($838 rent) approaching similar stress. The fundamental issue is Grundy's $45,573 median income—lowest in the comparison group—making all housing costs relatively burdensome.

Grundy County Budget Realities

Grundy County renters spend 19.0% of their lowest-in-region $45,573 median income on $723 housing, leaving limited resources for other expenses. Homeowners similarly allocate 14.5% to $551 monthly costs, creating affordability challenges across both renter and owner categories.

Grundy County Requires Careful Budget Planning

If considering Grundy County relocation, carefully assess your income needs—the $45,573 median suggests limited job opportunities and modest wages. While $723 rent and $133,400 median home values are low, affordability improves only if you can secure above-county-median income.

Affordability Calculator

See how your income compares to housing costs in Grundy County

$

Rent Burden

19.0%

of gross income

Max Housing (28% Rule)

$1,063

per month

Owner Cost Burden

14.5%

of gross income

The median home in Grundy County may be a stretch

Median home value is $133,400. Estimated monthly cost: $1,065 vs. your max of $1,063.

Rent Affordability Guide

Your rent-to-income ratio19.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Grundy County, Tennessee?
Grundy County, Tennessee has a median monthly rent of $723/mo and a median home value of $133,400. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Grundy County?
The median gross rent in Grundy County is $723/mo. This is 16% below state average for Tennessee.
Is Grundy County affordable?
Grundy County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Grundy County's rent compare to the state average?
Grundy County's median rent of $723/mo is 16% below state average of $860/mo for Tennessee.
What is the median home value in Grundy County?
The median home value in Grundy County, Tennessee is $133,400. This is 53% 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.