Quick facts: Etowah, TN

Quick Facts

99.5
Cost of Living
below US average
3,672
Population
17.7
Crime Rate per 1000
below US average
$42,571
Median Income
below US average
$248,000
Median House Price
above US average
$978.75
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $42,571.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $248,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $42,571
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $978.75/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($42,571) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Etowah, TN

Etowah is a small city located in McMinn County, Tennessee, with a rich history and a close-knit community atmosphere. Established in the late 19th century, Etowah served as a key transportation hub, particularly with its railroads. Today, this charming town proudly retains its historical charm alongside modern amenities. Situated in the scenic Tennessee Valley, Etowah offers a variety of outdoor recreational activities, including parks and nearby hiking trails. The city is characterized by its welcoming neighborhoods, local shops, and restaurants, showcasing Southern hospitality. Etowah is also known for its vibrant community events, which bring residents together throughout the year. The annual Etowah Bluegrass Festival attracts music lovers and locals alike, celebrating the region's cultural heritage. The proximity to larger cities like Athens and Cleveland makes it a convenient location for commuting while enjoying a quieter, small-town lifestyle. With its historical roots and friendly community, Etowah is a delightful place to live, work, and explore, embodying the charm of rural Tennessee.

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