Cost of Living in Marshall County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Marshall County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Marshall County ranks #1,990 of 3,142 counties for affordability (bottom 37%)
Sourced county brief
Marshall County Median Home Value Estimated at $279,800
The median home value in Marshall County was estimated at $279,800 during the 2020-2024 period, which is above the Tennessee unweighted county mean of $223,385. For households that rent, the median gross rent is $946 per month, a figure that differs from the state unweighted county mean of $893. The canonical rent-to-income percentage is the official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI), which is 27.0%. This official GRAPI is 0.1 percentage points higher than the Tennessee unweighted county mean of 26.9%. Median selected monthly owner costs for all owner-occupied units are $945. The median income for renter households in the county was recorded at $38,548. These figures represent a snapshot of housing costs and income characteristics for the designated five-year period. U.S. Census Bureau ACS 2020-2024 5-Year Estimates citations: B25064, B25071, B25077, B25088, and B25119. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Marshall County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.0% of renter household income in Marshall County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $946 per month; median selected monthly owner costs are $945. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,840 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Tennessee unweighted mean of county median rents is $893 per month. Marshall County's $946 median is 6.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Marshall County
Rent Burden
16.0%
of gross income
Max Housing (28% Rule)
$1,658
per month
Owner Cost Burden
16.0%
of gross income
The median home in Marshall County may be a stretch
Median home value is $279,800. Estimated monthly cost: $2,234 vs. your max of $1,658.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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