Can A Financial Analyst Afford Rent in Millington, TN?

Comfortably affordable — rent takes 20.2% of gross income.

Millington rent: June 2026. Salary: BLS OEWS May 2024 (Tennessee state estimate).

Millington median rent
$1,599/mo
Financial Analyst salary (Tennessee)
$95,073/yr
Rent as % of income
20.2%
Gross monthly income works out to about $7,923, and the 30% rule supports up to $2,377/mo in rent. Millington's median rent of $1,599 leaves roughly $778/mo of headroom under that threshold. A financial analyst works roughly 35 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These Tennessee cities have lower median rent than Millington, which improves the affordability math on a financial analyst salary:

Alcoa, TN
$1,598/mo (20.2% of income)
Springfield, TN
$1,598/mo (20.2% of income)
Seymour, TN
$1,598/mo (20.2% of income)

Compare with full rent data for Millington

View full rent data for Millington, TN

Frequently asked questions

Can a financial analyst afford rent in Millington, TN?

Median rent in Millington is $1,599 a month. A typical financial analyst in Tennessee earns about $95,073 a year, which makes that rent 20.2% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Millington?

Using the 30% rule, a financial analyst salary in Tennessee (~$95,073/yr) supports up to $2,377 a month in rent. Millington's current median rent is $1,599/mo, which leaves a $778/mo buffer.

How many hours does a financial analyst work to cover rent in Millington?

At an hourly equivalent of about $46 an hour, a financial analyst in Tennessee works roughly 35 hours a month to cover Millington's median rent of $1,599.

Where is rent cheaper than Millington for a financial analyst?

Nearby Tennessee cities with lower median rent include Alcoa ($1,598/mo), Springfield ($1,598/mo), Seymour ($1,598/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived Tennessee state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Millington, TN. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.