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
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.
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
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.