Cost of Living in Tipton County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Tipton County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Tipton County ranks #1,933 of 3,144 counties for affordability (bottom 39%)
Data Story
About Cost of Living in Tipton County, Tennessee
Tipton County stays competitive
Tipton County renters spend 16.9% of their income on housing, holding just below the national average of 17.6% despite earning $71,736, near the national median of $74,755. The $1,007 median rent reflects moderate pricing for a county positioned between rural and Memphis-area markets.
Solid middle ground statewide
Tipton County's 16.9% rent-to-income ratio ranks comfortably below Tennessee's state average of 17.6%, placing it among the more affordable options for renters across the state. This favorable position stems from reasonable rental prices paired with above-average household incomes.
Tipton balances price and income
Tipton County's $1,007 rent sits higher than Stewart County ($837) but lower than Sumner County ($1,339), reflecting its middle position in the region. With a $71,736 median income, Tipton households earn more than most neighboring counties, making housing more manageable despite slightly higher rents.
Balanced housing burden
On a $71,736 annual income, Tipton County renters spend $1,007 monthly (16.9%), while homeowners pay $1,064 (17.8%)—both just below state and national averages. This relative balance means families retain adequate income for savings, transportation, and other necessities.
Tipton offers Memphis-area value
Tipton County delivers a sweet spot: reasonable rents, above-average incomes, and a 16.9% housing burden below the national average. If you're considering the Memphis corridor, Tipton's affordability advantage over Sumner County makes it worth a serious look.
Cost of Living Advisory: Tipton County
Affordability Verdict
Tipton County is affordable for renters, with a median gross rent of $1,007/month representing approximately 16.8% of median household income. The rent burden (GRAPI) stands at 26.0%.
Rent vs. Own
Renters in Tipton County pay $1,007/month on average, compared to $1,064/month for homeowners. This market favors renters by about 5%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $40,280/year. For owner costs at the 28% rule, the required income is roughly $45,600/year. With a median household income of $71,736, most households can comfortably afford rent here. Notably, 26.0% of renter households in Tipton County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Tennessee, Tipton County is more affordable than Washington County by roughly 6% ($1,007/mo vs $951/mo).
Affordability Calculator
See how your income compares to housing costs in Tipton County
Rent Burden
16.8%
of gross income
Max Housing (28% Rule)
$1,674
per month
Owner Cost Burden
17.8%
of gross income
The median home in Tipton County may be a stretch
Median home value is $220,100. Estimated monthly cost: $1,757 vs. your max of $1,674.
Rent Affordability Guide
Income Needed Calculator
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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