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)
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 Morgan County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Morgan County ranks #488 of 3,142 counties for affordability (top 16%)
Sourced county brief
Morgan County Renter Median Income Reaches $45,045
In Morgan County, Tennessee, the renter-household median income was estimated at $45,045 according to the latest ACS 5-year data. This income figure for renters is reported alongside a median gross rent of $770 per month, which sits below the Tennessee unweighted county mean of $893. The official rentBurdenGrapiPct, defined as the median gross rent as a percentage of household income, is 26.6% for the county. This official ACS B25071 GRAPI value is 0.3 percentage points below the Tennessee unweighted county mean of 26.9%. For owner-occupied housing, the median selected monthly owner cost was recorded at $582, which is $206 below the state unweighted county mean of $788. The median home value in the county was estimated at $166,300, while the Tennessee unweighted county mean for home values was $223,385. Household income across all tenures in the county was $65,954. 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: Morgan County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.6% of renter household income in Morgan 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 $770 per month; median selected monthly owner costs are $582. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $30,800 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. Morgan County's $770 median is 13.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Morgan County
Rent Burden
14.0%
of gross income
Max Housing (28% Rule)
$1,539
per month
Owner Cost Burden
10.6%
of gross income
You can likely afford the median home in Morgan County
Median home value is $166,300. Estimated monthly cost: $1,328 vs. your max of $1,539.
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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