Cost of Living in Perry County, Tennessee

$747/mo
Median Monthly Rent
$113,800
Median Home Value

At a Glance

Median Monthly Rent
$747/mo
13% below state average
Median Home Value
$113,800
60% below national
Rent-to-Income Ratio
24.0%
% 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 Perry County Compares

Median monthly rent comparison

Perry County$747/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$747/mo
Median Gross Rent
$113,800
Median Home Value
$505/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Perry County ranks #123 of 3,144 counties for affordability (top 4%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Perry County, Tennessee

Perry County sits near Tennessee's affordability average

Perry County's 17.8% rent-to-income ratio sits just above Tennessee's state average of 17.6%, reflecting moderate housing affordability challenges relative to national norms. With median household income at $50,489 and median rent at $747 monthly, Perry County renters experience affordability stress comparable to the state baseline.

Mid-range affordability within the state

Perry County ranks in Tennessee's middle tier for housing affordability, with a rent-to-income ratio marginally above the state average. The county's lower-than-state median income places additional pressure on household budgets despite modestly priced rentals.

Among region's more affordable rental options

Perry County's $747 median rent is competitive with Morgan County ($742) and undercuts Overton County ($833) and Putnam County ($881) in the surrounding region. The county offers mid-range affordability for renters prioritizing housing cost control.

Rent claims 17.8% of median income

Perry County renters spend $747 monthly—17.8% of the median household income of $50,489—positioning housing costs near state averages. Homeowners enjoy reasonable costs at $505 monthly on the state's lowest median home values at $113,800, creating accessible homeownership pathways.

Perry County appeals to budget-conscious homebuyers

Relocating families should note Perry County's low median home values ($113,800) paired with manageable ownership costs, making the county attractive for first-time buyers. Renters should compare this county's rental costs against nearby alternatives before committing to the move.

Cost of Living Advisory: Perry County

Affordability Verdict

Housing in Perry County is affordable. The median rent is $747/month against a median household income of $50,489, putting rent at 17.8% of income.

Rent vs. Own

The median rent in Perry County is $747/month, while owner costs run $505/month. Owning saves approximately $242/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,880/year. For owner costs at the 28% rule, the required income is roughly $21,643/year. With a median household income of $50,489, most households can comfortably afford rent here. Notably, 24.0% of renter households in Perry County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Tennessee, Perry County is more affordable than Scott County by roughly 8% ($747/mo vs $691/mo).

Affordability Calculator

See how your income compares to housing costs in Perry County

$

Rent Burden

17.8%

of gross income

Max Housing (28% Rule)

$1,178

per month

Owner Cost Burden

12.0%

of gross income

You can likely afford the median home in Perry County

Median home value is $113,800. Estimated monthly cost: $909 vs. your max of $1,178.

Rent Affordability Guide

Your rent-to-income ratio17.8%
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: $50,489Needed: $29,880
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $50,489Needed: $21,643
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $50,489Needed: $26,484

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 Perry County, Tennessee?
Perry County, Tennessee has a median monthly rent of $747/mo and a median home value of $113,800. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Perry County?
The median gross rent in Perry County is $747/mo. This is 13% below state average for Tennessee.
Is Perry County affordable?
Perry County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Perry County's rent compare to the state average?
Perry County's median rent of $747/mo is 13% below state average of $860/mo for Tennessee.
What is the median home value in Perry County?
The median home value in Perry County, Tennessee is $113,800. This is 60% 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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