Cost of Living in Marshall County, Tennessee

$924/mo
Median Monthly Rent
$246,100
Median Home Value
7% above state averageUnaffordable

At a Glance

Median Monthly Rent
$924/mo
7% above state average
Median Home Value
$246,100
13% below national
Rent-to-Income Ratio
26.0%
% 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 Marshall County Compares

Median monthly rent comparison

Marshall County$924/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$924/mo
Median Gross Rent
$246,100
Median Home Value
$885/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Marshall County, Tennessee

Marshall rents eat up less than national share

Renters in Marshall County spend 15.7% of their income on housing, well below the national benchmark of roughly 18%. The median household income of $70,829 is slightly below the national average of $74,755, yet housing costs remain manageable.

Marshall outperforms most Tennessee counties

Marshall County's 15.7% rent-to-income ratio ranks better than Tennessee's state average of 17.6%, placing it in the more affordable half of the state's counties. This favorable position reflects both competitive rents and solid local incomes.

More affordable than nearby Maury County

Marshall's median rent of $924 is 23% lower than Maury County's $1,206, though both counties sit in the same region. Marshall households also benefit from lower homeownership costs: $885 monthly versus Maury's $1,103.

Housing costs split evenly for owners and renters

Renters pay $924 monthly while owners spend $885, both pulling from a median household income of $70,829. Together, these costs consume roughly 26% of household income when averaged across both groups.

Marshall offers solid affordability for renters

If you're relocating and prioritize manageable rents, Marshall County delivers competitive rates and a favorable rent-to-income ratio. Compare this stability against higher-cost neighbors like Maury and Montgomery counties in your relocation decision.

Affordability Calculator

See how your income compares to housing costs in Marshall County

$

Rent Burden

15.7%

of gross income

Max Housing (28% Rule)

$1,653

per month

Owner Cost Burden

15.0%

of gross income

The median home in Marshall County may be a stretch

Median home value is $246,100. Estimated monthly cost: $1,965 vs. your max of $1,653.

Rent Affordability Guide

Your rent-to-income ratio15.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Marshall County, Tennessee?
Marshall County, Tennessee has a median monthly rent of $924/mo and a median home value of $246,100. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Marshall County?
The median gross rent in Marshall County is $924/mo. This is 7% above state average for Tennessee.
Is Marshall County affordable?
Marshall County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Marshall County's rent compare to the state average?
Marshall County's median rent of $924/mo is 7% above state average of $860/mo for Tennessee.
What is the median home value in Marshall County?
The median home value in Marshall County, Tennessee is $246,100. This is 13% 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.