Quick facts: Ten mile, TN

Quick Facts

99.5
Cost of Living
below US average
164
Population
60.98
Crime Rate per 1000
above US average
$52,000
Median Income
below US average
$229,900
Median House Price
above US average
$1200.0
Average Rent
below US average
12%
Poverty Rate
above US average
5.0%
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 $52,000.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $229,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $52,000
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1200.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($52,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ten mile, TN

Ten Mile is a small, unincorporated community located in Roane County, Tennessee. Nestled between larger towns, Ten Mile offers a serene, rural atmosphere with a close-knit community feel. It is situated near the beautiful Watts Bar Lake, providing residents and visitors with ample opportunities for outdoor activities such as fishing, boating, and hiking. The region is characterized by rolling hills, lush greenery, and picturesque landscapes that highlight Tennessee’s natural beauty. Ten Mile is conveniently located along U.S. Route 70, making it accessible to nearby cities like Kingston and Harriman. While the community itself is small, it is part of a region rich in history and culture, with local establishments that serve the daily needs of its residents. The community is also in proximity to the larger metropolitan areas of Knoxville and Chattanooga, which offer a wider range of amenities, entertainment, and employment opportunities. Overall, Ten Mile provides a peaceful retreat for those looking to escape the hustle and bustle of city life while still being connected to urban conveniences.

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