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)
How Marshall County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Marshall County ranks #1,654 of 3,144 counties for affordability (bottom 47%)
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.
Cost of Living Advisory: Marshall County
Affordability Verdict
For renters in Marshall County, the market is affordable. Expect to pay around $924/month in gross rent, with 26.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Marshall County is $924/month, while owner costs run $885/month. Owning saves approximately $39/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,960/year. For owner costs at the 28% rule, the required income is roughly $37,929/year. With a median household income of $70,829, most households can comfortably afford rent here. Notably, 26.0% of renter households in Marshall County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Marshall County sits 7% more expensive than Franklin County ($863/month) in terms of median gross rent.
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
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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