Quick facts: Grand junction, TN

Quick Facts

99.5
Cost of Living
below US average
336
Population
2.98
Crime Rate per 1000
below US average
$54,875
Median Income
below US average
$185,000
Median House Price
above US average
$1602
Average Rent
above US average
15%
Poverty Rate
above US average
5.2%
Unemployment Rate
above 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 $54,875.

🏠

Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $54,875
🏒

Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1602/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $54,875
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Grand junction, TN

Grand Junction, located in Hardeman County, Tennessee, is a small town offering a charming slice of Southern life. With a population of around 600 residents, it is known for its friendly community atmosphere and close-knit relationships among its residents. The town is strategically situated at the intersection of U.S. Highway 64 and State Route 57, making it accessible to neighboring areas. Grand Junction boasts rich historical significance, particularly its role in the Civil War. Nature enthusiasts will appreciate the surrounding landscapes, which include picturesque rural scenery and opportunities for outdoor activities like hiking and fishing. The nearby Hatchie National Wildlife Refuge provides a habitat for diverse wildlife and is perfect for birdwatching. Local businesses, schools, and community events reflect the town's vibrant spirit, ensuring that residents have a range of options for dining, shopping, and entertainment. In summary, Grand Junction captures the essence of small-town Tennessee, blending history, nature, and community into a unique living experience.

πŸ” Search & Compare Places

First Location πŸ“