Cost of Living in Lawrence County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Lawrence County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Lawrence County, Tennessee
Lawrence offers solid affordability below national standard
With a rent-to-income ratio of 16.6%, Lawrence County beats both the national average and Tennessee's 17.6% state benchmark—a rare advantage for a rural county. Residents earning $53,233 annually spend just $736 monthly on rent, leaving more income for savings and essentials than national averages suggest.
Best-in-class affordability statewide
Lawrence ranks among Tennessee's most affordable counties, with a rent-to-income ratio that undercuts the state average by a full percentage point. This advantage reflects both modest housing costs and stable local incomes relative to the broader state picture.
Slightly pricier but more spacious than Lauderdale
Lawrence's $736 rent runs $7 higher than Lauderdale County to the north but $124 below the state average, positioning it as the sweet spot in the regional affordability tier. Homes here value at $176,700—$54,600 more than Lauderdale—suggesting better property investment potential.
Owner costs match rental affordability
Renters spend $736 monthly while homeowners pay $695—a rare reversal where ownership costs less than renting. This $41 monthly savings for owners makes Lawrence attractive for those ready to build equity on modest incomes of $53,233.
Smart choice for renters ready to own
Lawrence County's below-average rent-to-income ratio combined with lower ownership costs creates an ideal transition point for renters seeking homeownership. The higher median home value ($176,700) signals solid property appreciation potential compared to cheaper rural neighbors.
Affordability Calculator
See how your income compares to housing costs in Lawrence County
Rent Burden
16.6%
of gross income
Max Housing (28% Rule)
$1,242
per month
Owner Cost Burden
15.7%
of gross income
The median home in Lawrence County may be a stretch
Median home value is $176,700. Estimated monthly cost: $1,411 vs. your max of $1,242.
Rent Affordability Guide
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.