Cost of Living in Wayne County, Tennessee

$619/mo
Median Monthly Rent
$126,600
Median Home Value
28% below state averageUnaffordable

At a Glance

Median Monthly Rent
$619/mo
28% below state average
Median Home Value
$126,600
55% below national
Rent-to-Income Ratio
36.0%
% 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 Wayne County Compares

Median monthly rent comparison

Wayne County$619/mo
Tennessee Average$860/mo
National Median$1,163/mo

Detailed Housing Stats

$619/mo
Median Gross Rent
$126,600
Median Home Value
$537/mo
Monthly Owner Cost
36.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wayne County, Tennessee

Wayne County: Tennessee's Housing Bargain

Wayne County achieves a remarkable 14.1% rent-to-income ratio, the lowest among its peer counties and well below both Tennessee's 17.6% state average and national affordability benchmarks. At just $619 per month, renters here enjoy housing costs that leave substantial income for savings, healthcare, and other essentials.

Among Tennessee's Most Affordable Markets

Wayne County's 14.1% ratio ranks it near the top of Tennessee counties for housing affordability, a remarkable position for working families. Monthly rents running $241 below the state average signal a genuinely accessible housing market in rural middle Tennessee.

The Clear Affordability Champion

Wayne County's $619 rent dramatically undercuts all neighboring counties—Warren ($775), Warren ($775), White ($838), Weakley ($760)—making it the region's most accessible option. Even homeownership is affordable here: $126,600 median home value is the lowest in the cluster, paired with just $537 monthly ownership costs.

Maximum Income Flexibility Here

The median renter allocates only $619 monthly while homeowners pay $537 on properties valued around $126,600—creating genuine breathing room in household budgets. With housing consuming just 14% of income, Wayne County residents retain significantly more earnings for investment, emergency reserves, and quality of life improvements.

Relocating on a Tight Budget? Start Here

Wayne County delivers unbeatable housing affordability without requiring sacrifice in other areas—your salary will stretch further here than nearly anywhere else in Tennessee. If cost of living is your primary concern, this county merits serious consideration before exploring pricier alternatives.

Affordability Calculator

See how your income compares to housing costs in Wayne County

$

Rent Burden

14.1%

of gross income

Max Housing (28% Rule)

$1,233

per month

Owner Cost Burden

12.2%

of gross income

You can likely afford the median home in Wayne County

Median home value is $126,600. Estimated monthly cost: $1,011 vs. your max of $1,233.

Rent Affordability Guide

Your rent-to-income ratio14.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wayne County, Tennessee?
Wayne County, Tennessee has a median monthly rent of $619/mo and a median home value of $126,600. The affordability rating is Unaffordable, with rent making up approximately 36.0% of median household income.
What is the median rent in Wayne County?
The median gross rent in Wayne County is $619/mo. This is 28% below state average for Tennessee.
Is Wayne County affordable?
Wayne County is rated Unaffordable based on rent-to-income ratio of 36.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wayne County's rent compare to the state average?
Wayne County's median rent of $619/mo is 28% below state average of $860/mo for Tennessee.
What is the median home value in Wayne County?
The median home value in Wayne County, Tennessee is $126,600. This is 55% 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.