Cost of Living in Haywood County, Tennessee

$725/mo
Median Monthly Rent
$119,600
Median Home Value
16% below state averageUnaffordable

At a Glance

Median Monthly Rent
$725/mo
16% below state average
Median Home Value
$119,600
58% below national
Rent-to-Income Ratio
29.0%
% 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 Haywood County Compares

Median monthly rent comparison

Haywood County$725/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$725/mo
Median Gross Rent
$119,600
Median Home Value
$687/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Haywood County, Tennessee

Haywood rents slightly above national

Haywood County renters spend 20% of income on housing, slightly above the national average near 18%. With median household income of $43,513—nearly 42% below the national median of $74,755—even modest rents create a meaningful burden.

Middle-of-pack affordability struggle

Haywood County's 20% rent-to-income ratio sits well above Tennessee's state average of 17.6%, placing it among the less affordable counties statewide. The $725 median rent is nearly 16% below the state average of $860, yet income constraints make housing still feel expensive.

Lowest rent, not lowest burden

Haywood's $725 median rent ties or beats most neighbors—cheaper than Hardeman ($818), Henry ($741), and Henderson ($812). Yet the county's weak median income of $43,513 converts that rent advantage into a 20% burden, the third-worst in this regional cluster.

Low rent masked by low wages

Renters spend $725 monthly while homeowners pay $687—nearly the same cost on a median income of just $3,626. After housing, households have roughly $2,900 for all other expenses, tight by any standard.

Cheap housing doesn't guarantee comfort

Haywood offers the region's lowest rents, but without strong wage growth, housing affordability becomes a false economy. Research job prospects carefully before moving here—the lowest housing costs mean nothing if income can't support basic living expenses.

Affordability Calculator

See how your income compares to housing costs in Haywood County

$

Rent Burden

20.0%

of gross income

Max Housing (28% Rule)

$1,015

per month

Owner Cost Burden

18.9%

of gross income

You can likely afford the median home in Haywood County

Median home value is $119,600. Estimated monthly cost: $955 vs. your max of $1,015.

Rent Affordability Guide

Your rent-to-income ratio20.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Haywood County, Tennessee?
Haywood County, Tennessee has a median monthly rent of $725/mo and a median home value of $119,600. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Haywood County?
The median gross rent in Haywood County is $725/mo. This is 16% below state average for Tennessee.
Is Haywood County affordable?
Haywood County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Haywood County's rent compare to the state average?
Haywood County's median rent of $725/mo is 16% below state average of $860/mo for Tennessee.
What is the median home value in Haywood County?
The median home value in Haywood County, Tennessee is $119,600. This is 58% 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.