Key Economic Benchmarks
Median Household Income
$50,538$4,212 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Grainger County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Grainger County, TN
Official FY2026 HUD Fair Market Rents for Grainger County, 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 | $712 | $8,544 | $28,480 | 16.9% |
| 1-Bedroom Apartment | $717 | $8,604 | $28,680 | 17% |
| 2-Bedroom ApartmentBenchmark | $941 | $11,292 | $37,640 | 22.3% |
| 3-Bedroom Home | $1,241 | $14,892 | $49,640 | 29.5% |
| 4-Bedroom Home | $1,246 | $14,952 | $49,840 | 29.6% |
50/30/20 Living Budget in Grainger County, TN
Based on the local median household income of $50,538/year ($4,212/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 Grainger County, TN
What is the median household income in Grainger County, TN?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Grainger County, TN is $50,538 per year (approximately $4,212 per month).
What is the average rent in Grainger County, TN?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Grainger County, TN are $712 for a studio, $717 for 1 bedroom, $941 for 2 bedrooms, $1,241 for 3 bedrooms, and $1,246 for 4 bedrooms.
How does the cost of living in Grainger County, TN compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Grainger County, TN is 92.6 (7.4% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Grainger County, TN?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($941/month) in Grainger County, TN requires a minimum gross household income of $37,640 per year ($3,137 per month).
What is a balanced 50/30/20 monthly budget in Grainger County, TN?
For a typical household earning the median income of $50,538/year ($4,212/month) in Grainger County, TN, a balanced 50/30/20 budget allocates $2,106/month to essential needs (rent, utilities, groceries), $1,263/month to discretionary spending, and $842/month to savings and debt repayment.
What are typical electricity and utility costs in Grainger 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.