Cost of Living in McMinn County, Tennessee

$792/mo
Median Monthly Rent
$190,400
Median Home Value
8% below state averageUnaffordable

At a Glance

Median Monthly Rent
$792/mo
8% below state average
Median Home Value
$190,400
32% 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 McMinn County Compares

Median monthly rent comparison

McMinn County$792/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$792/mo
Median Gross Rent
$190,400
Median Home Value
$746/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in McMinn County, Tennessee

McMinn offers rare affordability below national norms

McMinn County renters spend just 15.9% of their income on housing, beating the national average and the state average of 17.6%. With a median household income of $59,674 below the national average of $74,755, residents still enjoy favorable housing costs.

McMinn ranks among Tennessee's most affordable

McMinn County's 15.9% rent-to-income ratio places it in the state's more affordable quarter, competing favorably against most other Tennessee counties. The median rent of $792 is 8% below the state median, reflecting strong supply-demand balance.

Cheaper rents than Marshall, similar affordability

McMinn's $792 median rent edges below Marshall County's $924 and sits well below regional peers like Maury and Montgomery. Homeownership is equally accessible: owners pay $746 monthly against median home values of $190,400.

Housing costs stabilize despite lower incomes

Renters spend $792 and owners $746 monthly from a median household income of $59,674. Together, these costs consume roughly 26% of household income, a manageable share that reflects McMinn's strong housing value proposition.

McMinn rewards cost-conscious relocaters everywhere

If housing affordability tops your relocation checklist, McMinn delivers some of Tennessee's lowest rents and ownership costs without sacrificing income stability. Stack it against any neighboring county and McMinn holds its own on price and value.

Affordability Calculator

See how your income compares to housing costs in McMinn County

$

Rent Burden

15.9%

of gross income

Max Housing (28% Rule)

$1,392

per month

Owner Cost Burden

15.0%

of gross income

The median home in McMinn County may be a stretch

Median home value is $190,400. Estimated monthly cost: $1,520 vs. your max of $1,392.

Rent Affordability Guide

Your rent-to-income ratio15.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in McMinn County, Tennessee?
McMinn County, Tennessee has a median monthly rent of $792/mo and a median home value of $190,400. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in McMinn County?
The median gross rent in McMinn County is $792/mo. This is 8% below state average for Tennessee.
Is McMinn County affordable?
McMinn 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 McMinn County's rent compare to the state average?
McMinn County's median rent of $792/mo is 8% below state average of $860/mo for Tennessee.
What is the median home value in McMinn County?
The median home value in McMinn County, Tennessee is $190,400. This is 32% 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.