Key Economic Benchmarks
Median Household Income
$89,852$7,488 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Cheatham County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Cheatham County, TN
Official FY2026 HUD Fair Market Rents for Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,507 | $18,084 | $60,280 | 20.1% |
| 1-Bedroom Apartment | $1,578 | $18,936 | $63,120 | 21.1% |
| 2-Bedroom ApartmentBenchmark | $1,730 | $20,760 | $69,200 | 23.1% |
| 3-Bedroom Home | $2,211 | $26,532 | $88,440 | 29.5% |
| 4-Bedroom Home | $2,696 | $32,352 | $107,840 | 36% |
50/30/20 Living Budget in Cheatham County, TN
Based on the local median household income of $89,852/year ($7,488/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Tennessee
Explore net income after federal income tax, FICA, and Tennessee state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Tennessee with official federal datasets:
Frequently Asked Questions About Living in Cheatham County, TN
What is the median household income in Cheatham County, TN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Cheatham County, TN is $89,852 per year (approximately $7,488 per month).
What is the average rent in Cheatham County, TN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Cheatham County, TN are $1,507 for a studio, $1,578 for 1 bedroom, $1,730 for 2 bedrooms, $2,211 for 3 bedrooms, and $2,696 for 4 bedrooms.
How does the cost of living in Cheatham County, TN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Cheatham County, TN is 96.3 (3.7% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Cheatham County, TN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,730/month) in Cheatham County, TN requires a minimum gross household income of $69,200 per year ($5,767 per month).
What is a balanced 50/30/20 monthly budget in Cheatham County, TN?
For a typical household earning the median income of $89,852/year ($7,488/month) in Cheatham County, TN, a balanced 50/30/20 budget allocates $3,744/month to essential needs (rent, utilities, groceries), $2,246/month to discretionary spending, and $1,498/month to savings and debt repayment.
What are typical electricity and utility costs in Cheatham County, TN?
Residential electricity rates in Tennessee average 14.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $127 per month.