How much rent can you afford in Soddy Daisy, TN?
Run your salary against Soddy Daisy's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Soddy Daisy
At a median rent of $1,578/mo, Soddy Daisy is affordable when measured against Soddy Daisy median household income of $75,113/yr. Rent would consume roughly 25% of pre-tax income, and a salary of about $63,120 keeps rent at the recommended 30% threshold.
How Soddy Daisy compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Soddy Daisy?
On a $75,113 salary (the Soddy Daisy median household income), the recommended ceiling is 30% of pre-tax income, or about $1,878/mo. Soddy Daisy's median rent is $1,578/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Soddy Daisy?
To keep Soddy Daisy's $1,578/mo median rent under 30% of income, you'd need about $63,120/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Soddy Daisy affordable on the median Tennessee income?
Soddy Daisy is affordable on a $75,113 income. Rent would take 25% of pre-tax pay, inside 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".