How much rent can you afford in Lenoir City, TN?
Run your salary against Lenoir City's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Lenoir City
At a median rent of $1,732/mo, Lenoir City is moderately stretched when measured against Lenoir City median household income of $67,259/yr. Rent would consume roughly 31% of pre-tax income, and a salary of about $69,280 keeps rent at the recommended 30% threshold.
How Lenoir City compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Lenoir City?
On a $67,259 salary (the Lenoir City median household income), the recommended ceiling is 30% of pre-tax income, or about $1,681/mo. Lenoir City's median rent is $1,732/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Lenoir City?
To keep Lenoir City's $1,732/mo median rent under 30% of income, you'd need about $69,280/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Lenoir City affordable on the median Tennessee income?
Lenoir City is moderately stretched on a $67,259 income. Rent would take 31% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".