Cost of Living in Montgomery 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 Montgomery County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Montgomery County ranks #2,730 of 3,142 counties for affordability (bottom 13%)
Sourced county brief
Montgomery County Median Gross Rent Reaches $1,308 Monthly
Montgomery County's median gross rent was estimated at $1,308 per month, which is $415 above the Tennessee unweighted county mean of $893. The official ACS B25071 Gross Rent as a Percentage of Household Income (GRAPI) is 28.5%, exceeding the state unweighted county mean of 26.9% by 1.6 percentage points. The median home value in the county is $280,200. Median selected monthly owner costs for all owner-occupied units are $1,340, which is higher than the state unweighted mean of $788. The median renter-household income is $53,533. All data is derived from the American Community Survey 5-Year estimates for the 2020-2024 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: Montgomery County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.5% of renter household income in Montgomery 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 $1,308 per month; median selected monthly owner costs are $1,340. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $52,320 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. Montgomery County's $1,308 median is 46.5% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
20.8%
of gross income
Max Housing (28% Rule)
$1,764
per month
Owner Cost Burden
21.3%
of gross income
The median home in Montgomery County may be a stretch
Median home value is $280,200. Estimated monthly cost: $2,237 vs. your max of $1,764.
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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