TN · Rank 29 of 50 affordable
Can teachers afford to live in Tennessee?
Tight, but workable.
The average Tennessee teacher earns $61,222 per year. A typical 2-bedroom rents for about $1,535/mo, which is 30% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$61,222
Cost-of-Living Index
90.3
US avg = 100
Affordability Score
50/100
Renting in Tennessee
2BR Rent / mo
$1,535
Annual Rent
$18,421
% of Salary
30%
Left after rent
$3,567/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Tennessee
Median Home Price
$379,260
10% Down
$37,926
P&I (7%, 30yr)
$2,271/mo
Full PITI
$2,729/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.