Cost of Living in Obion County, Tennessee

$770/mo
Median Monthly Rent
$122,700
Median Home Value

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

National Ranking

Affordability Rank

Obion County ranks #2,074 of 3,144 counties for affordability (bottom 34%)

Most AffordableLeast Affordable

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.

Cost of Living Advisory: Obion County

Affordability Verdict

Obion County offers affordable rental housing at a median of $770/month — about 17.4% of the typical household income here.

Rent vs. Own

The median rent in Obion County is $770/month, while owner costs run $646/month. Owning saves approximately $124/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,800/year. For owner costs at the 28% rule, the required income is roughly $27,686/year. With a median household income of $53,102, most households can comfortably afford rent here. Notably, 25.0% of renter households in Obion County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Obion County sits 8% more expensive than Decatur County ($716/month) in terms of median gross rent.

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%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $53,102Needed: $30,800
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $53,102Needed: $27,686
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $53,102Needed: $28,556

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

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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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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