Cost of Living in Pickett County, Tennessee

$755/mo
Median Monthly Rent
$162,200
Median Home Value

At a Glance

Median Monthly Rent
$755/mo
12% below state average
Median Home Value
$162,200
42% below national
Rent-to-Income Ratio
23.0%
% 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 Pickett County Compares

Median monthly rent comparison

Pickett County$755/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$755/mo
Median Gross Rent
$162,200
Median Home Value
$505/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Pickett County ranks #164 of 3,144 counties for affordability (top 5%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Pickett County, Tennessee

Pickett County's rent burden exceeds state and national norms

Pickett County's 20.3% rent-to-income ratio surpasses Tennessee's 17.6% state average and signals meaningful affordability strain compared to national benchmarks. At just $44,591 median household income, residents paying $755 monthly in rent dedicate one-fifth of their earnings to housing costs.

Among Tennessee's least affordable rental counties

Pickett County ranks in the upper quartile of Tennessee counties for housing affordability challenges, with rent consuming a notably higher share of income than most peers. The county's combination of low median income and moderate rents creates genuine budget pressure for renters.

Rents modest but income too low

Pickett County's $755 median rent is competitive with Morgan County ($742) and Perry County ($747), yet the county's exceptionally low median income of $44,591 makes housing more burdensome than any neighboring county. The affordability challenge stems from income constraints, not rental costs.

Rent consumes 20.3% of median income

Pickett County renters spend $755 monthly—20.3% of the median household income of just $44,591—placing housing costs at the upper threshold of affordability stress. Homeowners face similarly priced ownership at $505 monthly on median home values of $162,200, suggesting broader income challenges beyond housing alone.

Pickett County requires careful income assessment

Relocating families should thoroughly evaluate local job opportunities and income growth potential before committing to Pickett County, where housing costs consume a higher-than-average share of earnings. The county's modest rents offer limited advantage if median incomes remain constrained.

Cost of Living Advisory: Pickett County

Affordability Verdict

Pickett County offers affordable rental housing at a median of $755/month — about 20.3% of the typical household income here.

Rent vs. Own

The median rent in Pickett County is $755/month, while owner costs run $505/month. Owning saves approximately $250/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,200/year. For owner costs at the 28% rule, the required income is roughly $21,643/year. With a median household income of $44,591, most households can comfortably afford rent here. Notably, 23.0% of renter households in Pickett County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Monroe County where rent averages $699/month, Pickett County is approximately 8% more expensive.

Affordability Calculator

See how your income compares to housing costs in Pickett County

$

Rent Burden

20.3%

of gross income

Max Housing (28% Rule)

$1,040

per month

Owner Cost Burden

13.6%

of gross income

The median home in Pickett County may be a stretch

Median home value is $162,200. Estimated monthly cost: $1,295 vs. your max of $1,040.

Rent Affordability Guide

Your rent-to-income ratio20.3%
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: $44,591Needed: $30,200
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $44,591Needed: $21,643
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $44,591Needed: $37,748

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 Pickett County, Tennessee?
Pickett County, Tennessee has a median monthly rent of $755/mo and a median home value of $162,200. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Pickett County?
The median gross rent in Pickett County is $755/mo. This is 12% below state average for Tennessee.
Is Pickett County affordable?
Pickett County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Pickett County's rent compare to the state average?
Pickett County's median rent of $755/mo is 12% below state average of $860/mo for Tennessee.
What is the median home value in Pickett County?
The median home value in Pickett County, Tennessee is $162,200. This is 42% 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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