Cost of Living in Polk County, Tennessee

$668/mo
Median Monthly Rent
$136,400
Median Home Value
22% below state averageUnaffordable

At a Glance

Median Monthly Rent
$668/mo
22% below state average
Median Home Value
$136,400
52% below national
Rent-to-Income Ratio
30.0%
% 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 Polk County Compares

Median monthly rent comparison

Polk County$668/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$668/mo
Median Gross Rent
$136,400
Median Home Value
$587/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Polk County, Tennessee

Polk County delivers Tennessee's best rental affordability

Polk County's 13.3% rent-to-income ratio stands among Tennessee's strongest affordability metrics and comfortably beats the state average of 17.6%. At $668 monthly rent from a median household income of $60,227, Polk County renters enjoy genuine housing cost relief compared to peers across the state and nation.

Best-in-class affordability ranking within Tennessee

Polk County ranks among Tennessee's most affordable counties for housing, with a rent-to-income ratio that substantially underperforms the state average. The county combines modest rents with above-median local incomes, creating exceptional affordability for renters.

Lowest rents in the region by far

Polk County's $668 median rent is the lowest across its region, undercutting Morgan County ($742), Perry County ($747), and substantially beating Putnam County ($881) and Overton County ($833). The county emerges as the clear rental value leader for East-Central Tennessee.

Rent claims just 13.3% of income

Polk County renters spend only $668 monthly—13.3% of their median household income of $60,227—enjoying the region's most comfortable housing-to-income ratio. Homeowners invest $587 monthly on ownership costs for homes valued near $136,400, reflecting balanced affordability across housing types.

Polk County is Tennessee's rental value destination

Families prioritizing housing affordability should strongly consider Polk County, where rents run lowest and local incomes remain solid compared to neighboring counties. The county delivers rare affordable-living advantages without requiring relocation to economically distressed areas.

Affordability Calculator

See how your income compares to housing costs in Polk County

$

Rent Burden

13.3%

of gross income

Max Housing (28% Rule)

$1,405

per month

Owner Cost Burden

11.7%

of gross income

You can likely afford the median home in Polk County

Median home value is $136,400. Estimated monthly cost: $1,089 vs. your max of $1,405.

Rent Affordability Guide

Your rent-to-income ratio13.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Polk County, Tennessee?
Polk County, Tennessee has a median monthly rent of $668/mo and a median home value of $136,400. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Polk County?
The median gross rent in Polk County is $668/mo. This is 22% below state average for Tennessee.
Is Polk County affordable?
Polk County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Polk County's rent compare to the state average?
Polk County's median rent of $668/mo is 22% below state average of $860/mo for Tennessee.
What is the median home value in Polk County?
The median home value in Polk County, Tennessee is $136,400. This is 52% 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.