Cost of Living in Morgan County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Morgan County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Morgan County, Tennessee
Morgan County rents are a bargain nationally
At 15.5%, Morgan County's rent-to-income ratio sits well below the national benchmark and beats Tennessee's state average of 17.6%. Renters here spend roughly $742 monthly on housing—about $118 less than the state median—while earning a median household income of $57,408.
Among Tennessee's most affordable counties
Morgan County ranks in the upper tier for housing affordability across Tennessee, with a rent-to-income ratio that outperforms most peers. The county's combination of low rents and moderate incomes creates one of the state's friendlier rental markets for renters stretching tight budgets.
Beats nearby counties on rent
Morgan County's $742 median rent undercuts nearby Rhea County ($796) and Putnam County ($881), while offering comparable affordability to neighboring Polk County. Renters here pay $118 less monthly than the state average, positioning the county as an attractive option in East-Central Tennessee's housing landscape.
Rents consume 15.5% of income
Morgan County renters dedicate 15.5% of their median household income ($57,408) to gross rent, while homeowners spend about $585 monthly on ownership costs on homes valued near $144,000. The county's affordability gap is modest: renters and owners both enjoy manageable housing burdens relative to Tennessee benchmarks.
Consider Morgan if affordability matters
Families relocating to Tennessee should weigh Morgan County's below-average rents and ownership costs against comparable neighboring counties. The county offers rural character with genuine housing savings—a rare combination in today's market.
Affordability Calculator
See how your income compares to housing costs in Morgan County
Rent Burden
15.5%
of gross income
Max Housing (28% Rule)
$1,340
per month
Owner Cost Burden
12.2%
of gross income
You can likely afford the median home in Morgan County
Median home value is $144,000. Estimated monthly cost: $1,150 vs. your max of $1,340.
Rent Affordability Guide
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.