$99,849/yr
is the income needed to buy the typical $318,922 home in Chattanooga, TN at today's 7.18% rate — about $2,330/mo. The local median household ($68,666) falls $31,183 short.
The math (shown)
318,922 price − 10% down (31,892) = 287,030 loan
30-yr fixed at 7.18% on 287,030 = 1,944/mo principal+interest
+ 385/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
2,330/mo PITI ÷ 0.28 = 8,321/mo → 99,849/yr required
against Zillow ZHVI 2026-09 (Zillow ZHVI (typical home value, smoothed, all-homes 33–67pct tier)) and the 7.18% FRED 30-yr rate (2026-11-05). Local median income: $68,666 (U.S. Census Bureau ACS 2023 5-year, median household income (table B19013)).
Can I afford Chattanooga, TN on my salary?
Your salary:
Rent vs own here
Honest null: HUD FMR needs a free huduser.gov token (env.HUD_TOKEN). Honest-null until set. (HUD FMR needs a free token; not wired here.)
FAQ
How much do I need to make to live in Chattanooga, TN?
To buy the typical home, about $99,849/yr. Renting needs less; this page sizes the buy.
What home value is this based on?
Zillow's ZHVI typical-home-value for the Chattanooga, TN-GA metro (2026-09): $318,922.
Is the mortgage rate current?
Yes — 7.18% from FRED's weekly 30-year fixed average (2026-11-05).
Glossary
ZHVI
Zillow Home Value Index — the typical home value for a region (35th–65th percentile, smoothed, seasonally adjusted).
Front-end DTI
Housing payment as a share of gross income; lenders commonly cap it near 28%.
PITI
Principal, Interest, Taxes, and Insurance — the full monthly housing cost.