Cost of Living in McMinn County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How McMinn County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
McMinn County ranks #2,073 of 3,144 counties for affordability (bottom 34%)
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.
Cost of Living Advisory: McMinn County
Affordability Verdict
McMinn County offers affordable rental housing at a median of $792/month — about 15.9% of the typical household income here.
Rent vs. Own
The median rent in McMinn County is $792/month, while owner costs run $746/month. Owning saves approximately $46/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,680/year. For owner costs at the 28% rule, the required income is roughly $31,971/year. With a median household income of $59,674, most households can comfortably afford rent here. Notably, 26.0% of renter households in McMinn County are cost-burdened, spending more than 30% of income on housing.
Regional Context
McMinn County sits 7% more expensive than Henry County ($741/month) in terms of median gross rent.
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
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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