Affordable

What Salary Do You Need to Live in Parker's Crossroads?

To afford a 2-bedroom in Parker's Crossroads, you need to earn at least $30,880/year based on estimated fair market rent data. The median household income here is $67,440, which means the typical resident is $36,560 above the threshold.

Census ACS Data Pop. 598

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$540	$1,800	$21,600	$-45,840
1 Bedroom	$641	$2,137	$25,640	$-41,800
2 Bedroom BENCHMARK	$772	$2,573	$30,880	$-36,560
3 Bedroom	$942	$3,140	$37,680	$-29,760
4 Bedroom	$1,158	$3,860	$46,320	$-21,120

Affordability Breakdown

Where the required salary line crosses above Parker's Crossroads's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$67,440

Annual household

2BR Required Salary

$30,880

Under 30% rule

Income Gap

+$36,560

Surplus

Verdict

Affordable

Ratio: 13.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Parker's Crossroads

Your Annual Salary

Pre-filled with Parker's Crossroads's median household income

Max monthly rent you can afford$1,686

Studio

$540/mo

1 BR

$641/mo

2 BR

$772/mo

3 BR

$942/mo

4 BR

$1,158/mo

Your salary is $0 above the median income in Parker's Crossroads.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Parker's Crossroads's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Parker's Crossroads

Parker's Crossroads, Tennessee stands out as one of the more financially accessible housing markets in the state. The median household income of $67,440 significantly exceeds the $30,880 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $36,560 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Parker's Crossroads, a studio at $540/month offers an even more aggressive savings rate. Even a 3-bedroom at $942/month remains accessible for dual-income households earning above $37,680.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $46,320 would position you well — though many residents in Parker's Crossroads manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Parker's Crossroads, Tennessee.

With a total population of 598, the city supports an active civilian workforce of 187 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,880 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

187

Active civilian employees in Parker's Crossroads

Frequently Asked Questions About Renting in Parker's Crossroads

What salary do I need to live in Parker's Crossroads, Tennessee?

To afford a 2-bedroom in Parker's Crossroads under the 30% rule, you need an annual salary of at least $30,880. The median household income in Parker's Crossroads is $67,440.

Can I afford a 2-bedroom in Parker's Crossroads on $67,440?

The affordability verdict for Parker's Crossroads is "Affordable". The rent-to-income ratio is 13.7%, meaning median earners have a $36,560 surplus.

What is the average rent in Parker's Crossroads compared to median income?

The median gross rent in Parker's Crossroads is $641/month. With a median household income of $67,440, residents spend approximately 13.7% of their income on rent.

What salary do I need for a studio in Parker's Crossroads?

A studio in Parker's Crossroads rents for approximately $540/month. Under the 30% rule, you need an annual salary of $21,600 to afford this.

Is Parker's Crossroads considered an affordable place to live?

Based on the surplus of $36,560 and an affordability verdict of "Affordable", Parker's Crossroads is considered a affordable rental market when comparing the required 2-bedroom salary of $30,880 to the local median household income.

How Parker's Crossroads Compares

Other cities in Tennessee with salary requirements