The current study used a statistically-driven method to demonstrate that tinnitus can be reliably identified in individual rats. This was supported by our results showing that noise-exposed rats can be separated into tinnitus(+) and tinnitus(−) groups and that all non-exposed controls tested tinnitus negative. In addition, the tinnitus(+) group demonstrated evidence of hyperacusis-like behavior, which is frequently seen in the clinical population. We found, however, that neither tinnitus, hearing loss, nor hyperacusis yielded a group-wise effect on cognition and anxiety, although the majority of rats with high anxiety came from the tinnitus(+) group. These results, however, are all in line with complex clinical findings, and underscore the difficulties of characterizing non-auditory dysfunction in tinnitus patients and developing treatment methods. The effects of tinnitus on functioning, including difficulties in sleeping and concentrating, irritability, and increased risk for depression, anxiety, and even suicide, all underline the fact that they are among the most important consequences of tinnitus. In order for animal models of tinnitus to achieve the greatest relevance, these factors must be considered, and optimal methods for detecting tinnitus and related auditory and non-auditory functioning, including alternative tests for cognition and anxiety/depression, must be sought.