Cost of Living in Obion County, Tennessee

$770/mo
Median Monthly Rent
$122,700
Median Home Value
10% below state averageUnaffordable

At a Glance

Median Monthly Rent
$770/mo
10% below state average
Median Home Value
$122,700
56% below national
Rent-to-Income Ratio
25.0%
% 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 Obion County Compares

Median monthly rent comparison

Obion County$770/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$770/mo
Median Gross Rent
$122,700
Median Home Value
$646/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Obion County, Tennessee

Obion County mirrors Tennessee's affordability challenge

Obion County's rent-to-income ratio of 17.4% sits nearly equal to Tennessee's state average of 17.6%, but lags behind the national context where median incomes are higher at $74,755 versus the county's $53,102. Monthly rents of $770 consume a meaningful chunk of local household budgets, signaling moderate housing stress.

Mid-tier affordability within Tennessee

Obion County ranks in Tennessee's middle band for housing affordability, with a rent-to-income ratio hovering just below the state average. The county's lower-than-average median income compounds affordability challenges despite relatively modest rents.

Slightly cheaper than regional peers

Obion County's $770 median rent undercuts Putnam County ($881) and Rhea County ($796), placing it among the cheaper options in its region. Compared to Morgan County ($742), Obion rents run modestly higher, though still below Tennessee's state median of $860.

Rent takes 17.4% of median income

Obion County renters spend $770 monthly on housing from a median household income of $53,102—a 17.4% commitment that tracks closely with state averages. Homeowners face steeper ownership costs at $646 monthly on median home values of $122,700, one of Tennessee's lowest.

Obion offers affordable entry points for homebuyers

Job seekers considering rural Tennessee should note Obion County's combination of low home values ($122,700 median) and moderate ownership costs. The county rewards those prioritizing affordability over proximity to major urban centers.

Affordability Calculator

See how your income compares to housing costs in Obion County

$

Rent Burden

17.4%

of gross income

Max Housing (28% Rule)

$1,239

per month

Owner Cost Burden

14.6%

of gross income

You can likely afford the median home in Obion County

Median home value is $122,700. Estimated monthly cost: $980 vs. your max of $1,239.

Rent Affordability Guide

Your rent-to-income ratio17.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Obion County, Tennessee?
Obion County, Tennessee has a median monthly rent of $770/mo and a median home value of $122,700. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Obion County?
The median gross rent in Obion County is $770/mo. This is 10% below state average for Tennessee.
Is Obion County affordable?
Obion County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Obion County's rent compare to the state average?
Obion County's median rent of $770/mo is 10% below state average of $860/mo for Tennessee.
What is the median home value in Obion County?
The median home value in Obion County, Tennessee is $122,700. This is 56% 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.