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Cost of Living in Hamilton County, TN

Population 376,192 · Census ACS 2020–2024 5-year estimates

Median rent$1,253
Median home value$312,800
Median household income$76,183

The median rent in Hamilton County, TN is $1,253/month, 5% higher than the Tennessee median and 11% lower than the U.S. median. The median home value is $312,800, 6% lower than the national median. Households earn a median of $76,183 a year, 9% higher than the state median.

Affordability

Rent as a share of median income: 19.7%
Income needed for median rent (30% rule): $50,120/yr
Home price-to-income ratio: 4.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,582/mo

Run your own numbers: mortgage calculator · hourly to salary

Hamilton County vs. Tennessee vs. U.S.

Hamilton CountyTennesseeU.S.
Median rent$1,253$1,189$1,413
Median home value$312,800$286,700$332,700
Median household income$76,183$69,595$80,734
Homeownership rate63.9%66.9%65.2%
Bachelor's degree or higher37.5%31.1%35.7%
Poverty rate13.1%13.8%12.5%
Unemployment rate4.4%4.7%5.2%
Work from home14.3%12.9%15.1%
Median age39.538.938.9

FAQ

What is the average rent in Hamilton County, TN?

The median gross rent in Hamilton County, TN is $1,253 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Hamilton County, TN?

Using the common 30% rule, renting a median-priced home takes about $50,120 a year in gross income.

Is Hamilton County, TN expensive to live in?

Rent there is 11% lower than the U.S. median, and the median home costs about 4.1 times the median household income.

Other counties in Tennessee

Shelby County, TNRent $1,232 · Income $63,767Davidson County, TNRent $1,582 · Income $77,853Knox County, TNRent $1,261 · Income $74,222Rutherford County, TNRent $1,502 · Income $85,470Williamson County, TNRent $1,969 · Income $135,594Montgomery County, TNRent $1,308 · Income $75,613

Counties with a similar cost of living

Greenville County, SCRent $1,262 · Income $76,932Sumter County, FLRent $1,269 · Income $76,508Colonial Heights city, VARent $1,234 · Income $76,505Meade County, SDRent $1,264 · Income $74,790Dauphin County, PARent $1,217 · Income $76,242Eddy County, NMRent $1,245 · Income $78,426

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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