Key Economic Benchmarks
Median Household Income
$39,972$3,331 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Clay County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Clay County, TN
Official FY2026 HUD Fair Market Rents for Clay County, TN. 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 | $700 | $8,400 | $28,000 | 21% |
| 1-Bedroom Apartment | $705 | $8,460 | $28,200 | 21.2% |
| 2-Bedroom ApartmentBenchmark | $925 | $11,100 | $37,000 | 27.8% |
| 3-Bedroom Home | $1,286 | $15,432 | $51,440 | 38.6% |
| 4-Bedroom Home | $1,289 | $15,468 | $51,560 | 38.7% |
50/30/20 Living Budget in Clay County, TN
Based on the local median household income of $39,972/year ($3,331/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 Clay County, TN
What is the median household income in Clay County, TN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Clay County, TN is $39,972 per year (approximately $3,331 per month).
What is the average rent in Clay County, TN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Clay County, TN are $700 for a studio, $705 for 1 bedroom, $925 for 2 bedrooms, $1,286 for 3 bedrooms, and $1,289 for 4 bedrooms.
How does the cost of living in Clay County, TN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Clay County, TN is 91.9 (8.1% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Clay County, TN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($925/month) in Clay County, TN requires a minimum gross household income of $37,000 per year ($3,083 per month).
What is a balanced 50/30/20 monthly budget in Clay County, TN?
For a typical household earning the median income of $39,972/year ($3,331/month) in Clay County, TN, a balanced 50/30/20 budget allocates $1,666/month to essential needs (rent, utilities, groceries), $999/month to discretionary spending, and $666/month to savings and debt repayment.
What are typical electricity and utility costs in Clay 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.