Quick facts: Ripley, TN

Quick Facts

99.5
Cost of Living
below US average
7,672
Population
48.1
Crime Rate per 1000
above US average
$39,454
Median Income
below US average
$165,000
Median House Price
above US average
$1725.0
Average Rent
above US average
18%
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 $39,454.

🏠

Income Needed to Buy

βœ— Stretch
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $39,454
🏒

Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1725.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $39,454
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ripley, TN

Ripley is a charming city located in Lauderdale County, Tennessee. With a population of approximately 8,000 residents, it serves as a vital hub for the surrounding rural area. The city boasts a rich history, highlighted by its Southern heritage and close-knit community atmosphere. Ripley offers a variety of local attractions, including historic sites, parks, and recreational facilities. The city is known for its annual events, which bring together residents and visitors alike, fostering a strong sense of community. The nearby Mississippi River provides opportunities for outdoor activities like fishing and boating, enhancing the local lifestyle. Additionally, Ripley's economy is supported by agriculture and small business, contributing to its small-town charm. The school system is dedicated to providing quality education, making it an appealing destination for families. Overall, Ripley reflects the quintessential Southern experience, blending history, community spirit, and scenic beauty. Whether you're exploring its local culture or enjoying the surrounding nature, Ripley has much to offer.

πŸ” Search & Compare Places

First Location πŸ“