Cost of Living in Fayette County, TN

What does it cost to live in Fayette County? Income, housing, and affordability breakdown.

Median Income

$81,074

Median Rent

$871/mo

Median Home

$282,600

Affordability

421

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,429
Property Tax$82
Insurance$94

Total Monthly$1,605
% of Income23.8%

Renting

Median Rent$871
Renter's Insurance$25

Total Monthly$896
% of Income12.9%

Living in Fayette County, Tennessee

Fayette County has a median household income of $81,074 with housing costs that represent 23.8% of income for owners and 12.9% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 421 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Tennessee

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.