Most of Cordova is in Shelby County, where a full-time job needs to pay at least $32.50 an hour before taxes to take home four times the typical studio rent.
Across the 3 ZIP codes in Cordova with HUD rent figures, studio rents run from $1,090 to $1,500 a month. At the middle rent, $1,350, a full-time job would need to pay $41.44 an hour before taxes.
What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.
| ZIP | County | Studio rent | Pay needed |
|---|---|---|---|
| 38016 | Shelby County | $1,350/mo | $41.44/hr |
| 38018 | Shelby County | $1,500/mo | $46.77/hr |
| 38088 | Shelby County | $1,090/mo | $32.50/hr |
Under the Four Times Rent standard, a full-time job in Cordova needs to pay at least $32.50 an hour before taxes, about $67,602 a year. That is the figure for Shelby County, where the typical studio rent is $1,090 a month.
Yes. Across the 3 ZIP codes in Cordova with HUD rent figures, studio rents run from $1,090 to $1,500 a month. At the middle rent of $1,350, the pay needed would be $41.44 an hour.
The minimum wage in Shelby County is $7.25 an hour. The Four Times Rent standard there is 4.5 times that.
The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads