Cost of Living in Hickman County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Hickman County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Hickman County ranks #2,047 of 3,144 counties for affordability (bottom 35%)
Data Story
About Cost of Living in Hickman County, Tennessee
Hickman rents track above national typical
Hickman County residents spend 18.4% of household income on rent, outpacing the national median of around 17%. At a median household income of $57,223—well below the national average of $74,755—the county's rent burden reflects both lower wages and mid-range housing costs that strain local wallets.
Slightly above Tennessee's affordability average
Hickman's 18.4% rent-to-income ratio sits marginally above Tennessee's state average of 17.6%, placing it in the middle tier of county affordability statewide. The median rent of $877 is $17 higher than the state average, despite income levels notably below state norms.
Less affordable than adjacent rural counties
Hickman faces higher housing costs relative to neighbors like Houston County (15.1% rent-to-income ratio) and Johnson County (14.7%), though rents are more modest than in nearby Jefferson County ($880/month vs. Hickman's $877). Renters in Hickman pay a steeper share of income for housing than most surrounding rural areas.
Rent and homeownership split the burden
Renters in Hickman dedicate 18.4% of the $57,223 median income to monthly rent ($877), while homeowners invest 16.3% toward mortgage and owner costs ($778/month). The median home value of $192,000 remains accessible but still represents 40% of annual household income.
Hickman offers moderate rural housing costs
If you're relocating from higher-cost urban areas, Hickman's $877 median rent and $192,000 median home value present a moderate savings opportunity. Compare these figures against peers like Houston County or Johnson County to find your best fit within Tennessee's affordable rural tier.
Cost of Living Advisory: Hickman County
Affordability Verdict
Hickman County offers affordable rental housing at a median of $877/month — about 18.4% of the typical household income here.
Rent vs. Own
The median rent in Hickman County is $877/month, while owner costs run $778/month. Owning saves approximately $99/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,080/year. For owner costs at the 28% rule, the required income is roughly $33,343/year. With a median household income of $57,223, most households can comfortably afford rent here. Notably, 27.0% of renter households in Hickman County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Hardeman County where rent averages $818/month, Hickman County is approximately 7% more expensive.
Affordability Calculator
See how your income compares to housing costs in Hickman County
Rent Burden
18.4%
of gross income
Max Housing (28% Rule)
$1,335
per month
Owner Cost Burden
16.3%
of gross income
The median home in Hickman County may be a stretch
Median home value is $192,000. Estimated monthly cost: $1,533 vs. your max of $1,335.
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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