Affordable

What Salary Do You Need to Live in Pegram?

To afford a 2-bedroom in Pegram, you need to earn at least $66,360/year based on estimated fair market rent data. The median household income here is $95,909, which means the typical resident is $29,549 above the threshold.

Census ACS Data Pop. 2,167

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,161	$3,870	$46,440	$-49,469
1 Bedroom	$1,377	$4,590	$55,080	$-40,829
2 Bedroom BENCHMARK	$1,659	$5,530	$66,360	$-29,549
3 Bedroom	$2,024	$6,747	$80,960	$-14,949
4 Bedroom	$2,489	$8,297	$99,560	+$3,651

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$95,909

Annual household

2BR Required Salary

$66,360

Under 30% rule

Income Gap

+$29,549

Surplus

Verdict

Affordable

Ratio: 20.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Pegram

Your Annual Salary

Pre-filled with Pegram's median household income

Max monthly rent you can afford$2,398

Studio

$1,161/mo

1 BR

$1,377/mo

2 BR

$1,659/mo

3 BR

$2,024/mo

4 BR

$2,489/mo

Your salary is $0 above the median income in Pegram.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Pegram

Pegram, Tennessee stands out as one of the more financially accessible housing markets in the state. The median household income of $95,909 significantly exceeds the $66,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $29,549 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Pegram, a studio at $1,161/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,024/month remains accessible for dual-income households earning above $80,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $99,540 would position you well — though many residents in Pegram 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 Pegram, Tennessee.

With a total population of 2,167, the city supports an active civilian workforce of 1,164 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $66,360 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

1,164

Active civilian employees in Pegram

Frequently Asked Questions About Renting in Pegram

What salary do I need to live in Pegram, Tennessee?

To afford a 2-bedroom in Pegram under the 30% rule, you need an annual salary of at least $66,360. The median household income in Pegram is $95,909.

Can I afford a 2-bedroom in Pegram on $95,909?

The affordability verdict for Pegram is "Affordable". The rent-to-income ratio is 20.8%, meaning median earners have a $29,549 surplus.

What is the average rent in Pegram compared to median income?

The median gross rent in Pegram is $1,377/month. With a median household income of $95,909, residents spend approximately 20.8% of their income on rent.

What salary do I need for a studio in Pegram?

A studio in Pegram rents for approximately $1,161/month. Under the 30% rule, you need an annual salary of $46,440 to afford this.

Is Pegram considered an affordable place to live?

Based on the surplus of $29,549 and an affordability verdict of "Affordable", Pegram is considered a affordable rental market when comparing the required 2-bedroom salary of $66,360 to the local median household income.

How Pegram Compares

Other cities in Tennessee with salary requirements