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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Tipton County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Tipton County ranks #2,311 of 3,142 counties for affordability (bottom 26%)
Sourced county brief
Tipton County Monthly Owner Costs Exceed State Mean
Median selected monthly owner costs for all owner-occupied units in Tipton County are $1,083, which is $295 above the Tennessee unweighted county mean of $788. The median home value was estimated at $240,600, while the state unweighted county mean is $223,385. The official ACS B25071 GRAPI is 24.7%, which is 2.2 percentage points lower than the Tennessee unweighted county mean of 26.9%. Median gross rent is $1,013 per month, exceeding the state unweighted county mean of $893. Renter households in the county had a median income of $46,006. These figures are from the 2020-2024 ACS 5-Year Estimates. See ACS table B25088 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Tipton County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.7% of renter household income in Tipton County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,013 per month; median selected monthly owner costs are $1,083. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $40,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Tennessee unweighted mean of county median rents is $893 per month. Tipton County's $1,013 median is 13.5% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Tipton County
Rent Burden
16.4%
of gross income
Max Housing (28% Rule)
$1,730
per month
Owner Cost Burden
17.5%
of gross income
The median home in Tipton County may be a stretch
Median home value is $240,600. Estimated monthly cost: $1,921 vs. your max of $1,730.
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 (2020-2024). Data is informational only and is not personalized financial advice.
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