Quick facts: Alamo, TN

Quick Facts

99.5
Cost of Living
below US average
2,317
Population
13.81
Crime Rate per 1000
below US average
$50,135
Median Income
below US average
$200,000
Median House Price
above US average
$1602
Average Rent
above US average
14%
Poverty Rate
above US average
4.2%
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 $50,135.

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Income Needed to Buy

βœ— Stretch
$63k/year
Based on $200,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $63k vs median $50,135
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1602/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $50,135
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Alamo, TN

Alamo is a small city located in Crockett County, Tennessee. Nestled in the western part of the state, Alamo serves as a quaint community with a rich heritage and a close-knit atmosphere. The town is characterized by its rural charm, featuring picturesque landscapes, friendly neighborhoods, and a slower pace of life. One of Alamo's notable features is its strong sense of community, often reflected in local events and gatherings that bring residents together. The city's economy is primarily supported by agriculture and small businesses, which contribute to its local flavor and character. Alamo is conveniently located near larger towns, providing residents access to a wider array of amenities while maintaining the benefits of small-town living. Outdoor enthusiasts can enjoy nearby parks and recreational areas, perfect for hiking and enjoying nature. With a rich history and a focus on community values, Alamo offers a unique blend of Southern hospitality and simplicity, making it a charming place to call home.

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