Cost of Living in Shelby County, TN

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

Median Income

$59,621

Median Rent

$1,103/mo

Median Home

$206,100

Affordability

381

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,042
Property Tax$192
Insurance$69

Total Monthly$1,303
% of Income26.2%

Renting

Median Rent$1,103
Renter's Insurance$25

Total Monthly$1,128
% of Income22.2%

Living in Shelby County, Tennessee

Shelby County has a median household income of $59,621 with housing costs that represent 26.2% of income for owners and 22.2% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 381 (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.