Key Economic Benchmarks
Median Household Income
$62,307$5,192 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Giles County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Giles County, TN
Official FY2026 HUD Fair Market Rents for Giles 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 | $758 | $9,096 | $30,320 | 14.6% |
| 1-Bedroom Apartment | $763 | $9,156 | $30,520 | 14.7% |
| 2-Bedroom ApartmentBenchmark | $1,001 | $12,012 | $40,040 | 19.3% |
| 3-Bedroom Home | $1,200 | $14,400 | $48,000 | 23.1% |
| 4-Bedroom Home | $1,395 | $16,740 | $55,800 | 26.9% |
50/30/20 Living Budget in Giles County, TN
Based on the local median household income of $62,307/year ($5,192/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 Giles County, TN
What is the median household income in Giles County, TN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Giles County, TN is $62,307 per year (approximately $5,192 per month).
What is the average rent in Giles County, TN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Giles County, TN are $758 for a studio, $763 for 1 bedroom, $1,001 for 2 bedrooms, $1,200 for 3 bedrooms, and $1,395 for 4 bedrooms.
How does the cost of living in Giles County, TN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Giles 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 Giles County, TN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,001/month) in Giles County, TN requires a minimum gross household income of $40,040 per year ($3,337 per month).
What is a balanced 50/30/20 monthly budget in Giles County, TN?
For a typical household earning the median income of $62,307/year ($5,192/month) in Giles County, TN, a balanced 50/30/20 budget allocates $2,596/month to essential needs (rent, utilities, groceries), $1,558/month to discretionary spending, and $1,038/month to savings and debt repayment.
What are typical electricity and utility costs in Giles 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.