Nevertheless, like any state, cost-of-living expenses will vary across the state. Majority of Americans Say They Are 'Falling Behind' Rising Cost of Living Moving to Tennessee in 2023? Pros, Cons, & Tips BEFORE Moving - Felix Homes With a score of 88.7, Tennessee comes in well below the national average. Check out the website for Knoxville, Tennessee to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. Cost of Living Calculator | Cost of Living in Gallatin, Tennessee Please. #19 Counties with the Lowest Cost of Living in Tennessee. There are also six colleges within 15 miles of the town. It is nice and quiet and you have plenty of space. Miscellaneous Cost of Living Facts for Tennessee. For comparison, the national average is $151.96. I would choose to live here again a great place to raise a family! You'll rarely see a person in need that doesn't get it. Lilly plans to slash some insulin prices, expand cost cap All Rights Reserved. Featured Review: Parent says I was born and raised here. In Nashville, residents can expect to pay $159.32, while $145.29. I live in the Washburn area of Grainger County area. Numbeo.com data shows what the average monthly utility billsfor a 915 square-foot apartment cost in Tennessees largest cities. Portland is a tight-knit, small-town community with reasonable access to plenty of bigger cities. The federal minimum wage is $7.25 per hour while Tennessee's state law sets the minimum wage rate at $7.25 per hour in 2023. It is an excellent place to raise a family especially with superb quality of the local school district. Read 11 reviews. Featured Review: Niche User says It's a college town, but not as busy as a big city. The way school coding works is based on the year made or renavated. #12 Counties with the Lowest Cost of Living in Tennessee. The average rent for an apartment in Tennessee is $1,730. Tennessee is a tax-friendly state with a low cost of living for some. Tennessee is a tax-friendly state with a low cost of living for some. Its up to you whether you can comfortably accept their counter, respond with your own counteroffer, or walk away. The city is also home to Middle Tennessee State University. Its a great choice for families, too. In other words, the federal tax system aims to get wealthier folks to pay a higher percentage of their income in taxes. The woman was pronounced dead a day later. Tennessee has no state income tax! Living Wage Calculator - Living Wage Calculation for Tennessee Alcoa is the cheapest place to live in Tennessee. With individual food prices, the most influential factor is where you live. There needs to be more of a middle ground where students can still learn, but not be babied or lose sleep. Read 240 reviews. 10 Cheapest Places to Live in Tennessee: A Guide, Discover the Best Affordable Places to Live in South Carolina, 10 Cheapest Places to Live in Washington: A Guide, Top Listing Agent Mike Bell in Pasadena, CA UpNest Spotlight, Rent to Own Homes Near Me: Saint Augustine. The median home price is $246,000 and renters pay an average of $970 a month. Most teachers there, especially in high school, care deeply about their students and want to see them grow. You also need to be aware of the market surrounding the house. This index uses an aggregated benchmark system, where 100 is the U.S. national average. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Norris Lake dominates the area to the south. With an Average Cost of Living Index of 90.2, Tennessee landed at #10 on the list. Nashville's cost of living is 3% lower and housing costs are also 9% lower than the national average. The well-maintained Greenway includes more than 15 miles of parkland trails winding between the cities of Alcoa and Maryville. Data extracted on: March 02, 2023 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page. The city is home to Eastern Tennessee State University, great restaurants, and many outdoor activities. *Median Apartment Rent numbers refer to two-bedroom apartments in the surrounding metro area. Utility costs like energy and phone use in Tennessee range from 13% lower than the national average in the far northeastern city of Kingsport (bordering Virginia), to only 1% higher in Morristown. Assistant Commissioner, Business and Workforce Development. A two-bedroom home in Nashville averages out to be $1,510 and a one-bedrooms average is $1,341, according to a study by Apartment List. Featured Review: Parent says I've never know as a county where people cared about one another so much. I love my little town. Tennessee is packed with a country and blues culture thats centered around Nashville and Memphis. If you fearstudent loans, there are less expensive options in the Volunteer State. The median home price is $206,200 and the median rent is $1,338 per month. Its important to be aware of these issues, as it may cause a headache further down the road after youve purchased the house. Living Wage Calculation for Tennessee The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. 30 Niche users give it an average review of 2.9 stars. Featured Review: Parent says I have been an Currey Ingram parent for 12 years and could not be happier with the education my student has received. Within a mile of Rockwood is a nine-hole golf course, access to beautiful Watts Bar Lake, a sports complex and walking trail, and Mount Roosevelt Wildlife area. 5 Niche users give it an average review of 4 stars. The population is very diverse and this is mostly because of the college. College tuition hasnt increased much recently and there is no state income tax. For a family of four, the cost of food jumps to about $8,820. Admission to Great Smoky Mountains National Parkis free. Average Retirement Savings: How Do You Compare? This cost is ranked NO. Tennessee's cost of living is incredibly low, but it may not always stay that way. A financial advisor can help you navigate big life changes like a cross-country move, or just help you to meet general financial goals like saving for retirement. Explore the counties with the lowest cost of living based on the consumer price index and access to affordable housing (housing-to-income rates). If you want to camp in the park, youll pay between$14 and $23 per night. #14 Counties with the Lowest Cost of Living in Tennessee. For the future generations, I believe there will be more job opportunities and a better education system. . 46 nationally. Get started! The town has grown bigger and bigger in the last 10 years.. COMPOSITE INDEX 89.7 It's a far, safe, and quite community that rarely calls for police assistance.. Niche User: There's always room for improvement. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Its standout quality of life and access to talent make it a hotspot for entrepreneurs. Unsurprisingly, monthly utility costs are even higher in Tennessees major cities. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Source: Wikipedia (as of 04/11/2019). If they are receiving a referral from a trusted source they may offer a modest discount, while still giving a full-service experience. When it comes to the cost of living in the state, most costs are below the national average but home prices can be high, depending on where you live. Tennessee also hasoptions for nature lovers. That said, the median income for Tennessee residents is $37,488, which is well below the national average. Here are some options. Its best known for the Fort Campbell U.S. Army base on the states northern border, between Clarksville and Hopkinsville, Kentucky. The city hosts a seasonal farmers market and annual events such as a 4th of July Fireworks Extravaganza, a childrens fishing rodeo and the Bartlett Festival with its fierce BBQ Fest competition. it's a small town that makes everyone feel at home. Read 5 reviews. Cost of Living in Williamson County, Tennessee - Best Places Tennessee has traditionally been one of the more affordable states in the U.S. to live in across the board but the real estate costs have increased dramatically over the past several years. Cost of living: 14.6% below U.S. average; Metro population: 893,002; . However, this tax was repealed on January 1, 2021. Cody Tromler is the Content Marketing Manager for UpNest.com. That doesnt even include the $934 First Year Experience Fee. Even if youre not considering a move there right now, visiting these cities and their many amenities just might change your mind. Pricing for various packages can vary a lot even in the same location. According to Numbeo.com (2019), a gallon of milk and a dozen eggs goes for $3.21 and $2.48, respectively, in Memphis. The median home cost in La Follette is $87,500. Featured Review: Current Resident says I am so grateful to live in Decatur County and to attend the University of Tennessee Martin, Parsons Center. Why? We have little to no crime compared to the cities around us. Metro Nashville's rank and file workers may receive a cost-of-living raise that the city has long promised but failed to deliver after a contentious budget process last year. The result is this list of the 10 best places to retire in Tennessee. No matter how much you might think a house is perfect for you, if you cant comfortably afford it, its time to think twice. Knoxville, Tennessee. Remember, everything is negotiable in real estate. "Cost of living" is the amount of money you need to sustain a certain lifestyle in a given place. 15 Things to Know Before Moving to Nashville, TN - Apartment List Not only in proper academics, but social skills and awareness, community service, time management, organization, responsibility, integrity , independence, physical fitness, teamwork, and so much more.