Our cost of living indices are based on a US average of 100. An amount below 100 means Tennessee is cheaper than the US average.
Tennessee cost of living is 87.6.
| COST OF LIVING | Tennessee | United States |
|---|---|---|
| Grocery | 95.4 | 100 |
| Health | 101.9 | 100 |
| Housing | 71.2 | 100 |
| Median Home Cost | $231,600 | $291,700 |
Is living in Tennessee expensive?
Tennessee’s quality of life is high, and its cost of living is low. Based on 2020 annual averages, Tennessee has the 8th lowest cost of living in the nation at 10.3% below the national average.
How much money do you need to live in Tennessee?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $27,652 | $50,234 |
| Annual taxes | $4,483 | $8,144 |
| Required annual income before taxes | $32,135 | $58,378 |
How much money does it take to live comfortably in Tennessee?
That said, the median income for Tennessee residents is $37,488, which is well below the national average. One estimate pegged the salary needed to live comfortably at $70,413.
Is Tennessee a cheap state to live in?
Yes, Tennessee is a very cheap state to live in! The average costs of living in Tennessee is relatively low. According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States.
Is it cheaper to live in Florida or Tennessee?
Tennessee is 5.5% cheaper than Florida.
Is rent expensive in Tennessee?
If you’re looking to rent, Tennessee is about as good an option as you’ll find. According to Apartment List data from 2019, a two bedroom apartment in the Volunteer State goes for just $854 a month, as compared to the $1,175 national median.
What are the benefits of moving to Tennessee?
10 Pros And Cons Of Living In Tennessee
- Low cost of living.
- Reasonable property taxes.
- No income taxes.
- Tennessee Promise scholarship program.
- Abundant recreational opportunities.
- Gentle winter climate.
- Oppressive summer heat and humidity.
- A tendency for severe weather.
Why is it so cheap to live in Tennessee?
This is mostly due to the majority of the state being in rural areas and the lack of a state income tax. While cities such as Nashville have high housing costs, this is balanced by below average costs of transportation, healthcare and child care.
What is considered low income in Tennessee?
What is considered low income? What is considered an affordable housing cost* for families? A full-time employee, for example, earning the minimum wage of $7.25/hour in Tennessee (last increase was in 2008) earns $15,080/year – considered very low income if they are a single person household.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
How much is the average electric bill in Tennessee?
around $123.30
In Tennessee, the average monthly electricity bill is around $123.30. This is just a slight step above the country’s average, which is $111.67. In total, most Tennessee residents pay around $145 a month for their utilities in total.
How much snow does Tennessee get?
The US average is 28 inches of snow per year.
Climate Averages.
| Tennessee, Tennessee | United States | |
|---|---|---|
| Rainfall | 52.8 in. | 38.1 in. |
| Snowfall | 4.8 in. | 27.8 in. |
| Precipitation | 116.1 days | 106.2 days |
| Sunny | 207 days | 205 days |
How much do groceries cost in Tennessee?
Groceries. Groceries in Nashville are about 2% higher than the national average. The national average monthly cost of groceries ranges between $165 and $345, which means Nashville residents should expect to pay between $168.30 and $351.90.
Are groceries cheaper in Tennessee?
Groceries are slightly more affordable still in Tennessee, with shoppers paying 5.9% less for retail food than the countrywide average. Like other states, Tennessee has a variety of national and regional chains.
Does Tennessee get snow?
Generally, Tennessee sees snow during January and February. Although it isn’t always guaranteed, we’d say you have a very good chance of seeing flurries during this period if you’d like to book a plane ticket ASAP. However, it can technically snow in Tennessee anytime between December and April.
What are the dangers of living in Tennessee?
Be careful of the dangers, y’all – we warned ya. Without further ado, here are some of the biggest risks of living in Tennessee.
Here Are The 9 Biggest Risks Living In The State of Tennessee
- Rapid weather changes.
- Humidity.
- Tornados.
- Stars in your eyes.
- Rabid football fans.
- Too much of a good thing.
- Flooding.
- Snakes!
Do you pay taxes in TN?
Tennessee has no income tax but does have a “hall tax” — that is, a 6% tax on interest and dividends, which is specifically allowed by the state constitution. Tennessee also has a 7% sales tax.
How is the winter in Tennessee?
Except for in the mountainous east, Tennessee’s winters are pretty mild. Between December and February the daytime highs hover around 50°F, dropping off to around freezing at night. It doesn’t snow much except for in the Appalachians, and even then it’s often in the form of sleet and ice.
Is it cheaper to live in Georgia or Tennessee?
Tennessee is 5.3% cheaper than Georgia.
How much is water per month in Tennessee?
Utility costs vary greatly by state. The most expensive utility bills can be found in Alaska, with an average cost of $496 per month. New Mexico has the lowest average cost of $232 per month.
Water Prices by State 2022.
| State | Tennessee |
|---|---|
| Avg. Total Utilities | $289 |
| Electric | $127 |
| Internet | $30 |
| Nat. Gas | $66 |
