Affordable

What Salary Do You Need to Live in Summertown?

To afford a 2-bedroom in Summertown, you need to earn at least $37,200/year based on estimated fair market rent data. The median household income here is $76,023, which means the typical resident is $38,823 above the threshold.

Census ACS Data Pop. 581

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$651	$2,170	$26,040	$-49,983
1 Bedroom	$772	$2,573	$30,880	$-45,143
2 Bedroom BENCHMARK	$930	$3,100	$37,200	$-38,823
3 Bedroom	$1,135	$3,783	$45,400	$-30,623
4 Bedroom	$1,395	$4,650	$55,800	$-20,223

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$76,023

Annual household

2BR Required Salary

$37,200

Under 30% rule

Income Gap

+$38,823

Surplus

Verdict

Affordable

Ratio: 14.7%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Summertown's median household income

Max monthly rent you can afford$1,901

Studio

$651/mo

1 BR

$772/mo

2 BR

$930/mo

3 BR

$1,135/mo

4 BR

$1,395/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Summertown

Summertown, Tennessee stands out as one of the more financially accessible housing markets in the state. The median household income of $76,023 significantly exceeds the $37,200 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $38,823 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Summertown, a studio at $651/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,135/month remains accessible for dual-income households earning above $45,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $55,800 would position you well — though many residents in Summertown 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 Summertown, Tennessee.

With a total population of 581, the city supports an active civilian workforce of 364 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $37,200 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

364

Active civilian employees in Summertown

Frequently Asked Questions About Renting in Summertown

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

To afford a 2-bedroom in Summertown under the 30% rule, you need an annual salary of at least $37,200. The median household income in Summertown is $76,023.

Can I afford a 2-bedroom in Summertown on $76,023?

The affordability verdict for Summertown is "Affordable". The rent-to-income ratio is 14.7%, meaning median earners have a $38,823 surplus.

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

The median gross rent in Summertown is $772/month. With a median household income of $76,023, residents spend approximately 14.7% of their income on rent.

What salary do I need for a studio in Summertown?

A studio in Summertown rents for approximately $651/month. Under the 30% rule, you need an annual salary of $26,040 to afford this.

Is Summertown considered an affordable place to live?

Based on the surplus of $38,823 and an affordability verdict of "Affordable", Summertown is considered a affordable rental market when comparing the required 2-bedroom salary of $37,200 to the local median household income.

How Summertown Compares

Other cities in Tennessee with salary requirements