Quick facts: Union city, TN

Quick Facts

99.5
Cost of Living
below US average
10,985
Population
49.25
Crime Rate per 1000
above US average
$42,620
Median Income
below US average
$195,000
Median House Price
above US average
$1070.83
Average Rent
below US average
16%
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 $42,620.

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Income Needed to Buy

βœ— Stretch
$61k/year
Based on $195,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $61k vs median $42,620
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Income Needed to Rent

⚠ Stretch
$46k/year
Based on $1070.83/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $46k vs median $42,620
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Union city, TN

Union City, Tennessee, is a charming city located in the northwest corner of the state, in Obion County. With a population of around 10,000 residents, it serves as a hub for agriculture and commerce in the region. The city was established in the 1850s and has since developed a rich history, particularly noted for its proximity to the scenic Reelfoot Lake, a natural lake formed by an earthquake in the early 19th century. Union City boasts various parks, community events, and recreational activities, making it a welcoming place for families. The downtown area features a mixture of local shops, restaurants, and historical sites. The city is also home to the Discovery Park of America, a popular attraction that offers a blend of history, science, and art, drawing visitors from across the state. Education in Union City is provided by the Union City School District, known for its strong academic programs. The economy is supported by agriculture, retail, and manufacturing sectors, contributing to a wholesome community atmosphere. Whether you're looking to explore nature, enjoy community festivities, or delve into local history, Union City presents a warm, inviting atmosphere with Southern charm.

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