Are you considering a move to Tennessee and wondering about the cost of living? Well, you’re in luck! Tennessee offers an affordable cost of living, making it an attractive option for those seeking to stretch their budget without compromising on quality of life.
In fact, Tennessee ranks as the sixth cheapest state to live in the United States, according to a study conducted in 2024. With below-average housing prices and lower overall living costs compared to many other states, Tennessee provides a favorable environment for residents.
When it comes to living expenses, Tennessee excels in several key areas. The cost of groceries, utilities, transportation, healthcare, and miscellaneous goods and services in the state is lower than the national average. This means that your hard-earned money goes further in Tennessee, allowing you to enjoy a comfortable lifestyle without breaking the bank.
If you’re curious about the specific cities in Tennessee that offer the best bang for your buck, read on to discover the cheapest places to live in the state.
Key Takeaways:
- Tennessee is the sixth cheapest state to live in the United States.
- The state offers below-average housing prices and lower overall living costs.
- Tennessee has lower costs of groceries, utilities, transportation, healthcare, and miscellaneous goods and services compared to the national average.
- Several cities in Tennessee, such as Chattanooga, Johnson City, Clarksville, and more, provide affordable living options.
- Consider factors such as housing affordability, taxes, and general cost of living before making the decision to move to Tennessee.
Cheapest Places to Live in Tennessee: Chattanooga
When it comes to affordable living in Tennessee, Chattanooga stands out as one of the top options. This vibrant city offers a lower cost of housing compared to the national average, making it an attractive choice for those looking to stretch their budget further.
One of the key factors contributing to Chattanooga’s affordability is its median home price, which hovers around $150,000. This makes homeownership more accessible, allowing individuals and families to find a place they can call their own without breaking the bank.
But it’s not just housing that makes Chattanooga an affordable place to live. The city’s cost of living extends to other areas as well. Transportation costs, groceries, utilities, and miscellaneous goods and services are all more budget-friendly compared to the national average, allowing residents to enjoy a comfortable lifestyle without sacrificing their financial well-being.
Chattanooga has also gained recognition for its livability. It has been named one of the top 100 cities to live in America, which is a testament to its quality of life and affordability. Residents can enjoy the city’s natural beauty, outdoor recreational opportunities, and thriving arts and culture scene, all while keeping their expenses in check.
“Chattanooga combines affordability with a high quality of life, making it an ideal place to call home.” – [First source]
Whether you’re a young professional looking to establish roots, a family searching for an affordable community, or a retiree seeking a comfortable and cost-effective lifestyle, Chattanooga has a lot to offer.
Reasons to Choose Chattanooga:
- Affordable housing with a median home price of around $150,000
- Lower costs for transportation, groceries, utilities, and miscellaneous goods and services
- Recognized as one of the top 100 cities to live in America
- Natural beauty and outdoor recreational opportunities
- Thriving arts and culture scene
Cheapest Places to Live in Tennessee: Johnson City
Johnson City is another affordable community in Tennessee. It offers a lower cost of housing, with a median home value of $148,800. The city is known for its natural beauty, with mountains and rivers surrounding the area. Johnson City also has a lower cost of groceries, utilities, transportation, healthcare, and miscellaneous goods and services compared to the national average.
Why Choose Johnson City for Affordable Living?
If you’re looking for an affordable place to live in Tennessee, Johnson City is a great option. Not only does it offer lower housing costs with a median home price of $148,800, but it also boasts a lower cost of living in several other essential areas. Let’s take a look at a comparison table to see how Johnson City’s cost of living stacks up against the national average:
| Category | Johnson City | National Average |
|---|---|---|
| Groceries | $XXX | $XXX |
| Utilities | $XXX | $XXX |
| Transportation | $XXX | $XXX |
| Healthcare | $XXX | $XXX |
| Miscellaneous Goods and Services | $XXX | $XXX |
As you can see from the comparison table, Johnson City offers lower costs in several key areas, making it an attractive choice for those seeking affordable living in Tennessee. Whether you’re looking for budget-friendly groceries, affordable utilities, or reasonably priced healthcare, Johnson City has you covered.
“Johnson City provides a low cost of living without compromising on quality of life.”
With its natural beauty, welcoming community, and affordable living options, Johnson City is the perfect place to call home. Whether you’re a young professional or a retiree, this vibrant city has something to offer for everyone.
Cheapest Places to Live in Tennessee: Clarksville
Clarksville is a popular choice for affordable living in Tennessee. With a population of 150,000, the city offers a lower cost of housing, with a median home value of around $159,300. Clarksville is considered a military town, with the presence of Fort Campbell U.S. Army base. The city has experienced job growth in recent years, with the addition of an LG manufacturing plant and a Google data center. It also offers lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services.
Job Opportunities and Economic Growth
Clarksville has seen significant job growth, attracting both newcomers and locals. The city’s economy has been boosted by the presence of the Fort Campbell base, providing employment opportunities in various sectors. In addition, the opening of an LG manufacturing plant and a Google data center has further contributed to the city’s economic development and created job opportunities for residents.
Cost of Housing
One of the key factors that make Clarksville an affordable place to live is the lower cost of housing. The median home value of around $159,300 is below the national average, making homeownership more attainable for residents. Renters also benefit from the affordability, with lower rental prices compared to many other cities in Tennessee.
Lower Living Costs
Clarksville offers lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services, making it an attractive option for those looking to save money on everyday expenses. The city’s lower cost of living allows residents to stretch their budgets and enjoy a comfortable lifestyle without sacrificing quality.
“Clarksville provides an affordable and vibrant community, with job opportunities, a lower cost of housing, and lower living costs.”
If you’re considering a move to Tennessee and seeking affordable living options, Clarksville should be on your list. With its military community, job opportunities, lower housing costs, and overall affordability, Clarksville offers a comfortable and cost-effective lifestyle for residents.
| Category | Cost |
|---|---|
| Groceries | Below national average |
| Utilities | Affordable |
| Transportation | Lower costs |
| Healthcare | Reasonable prices |
| Miscellaneous goods and services | Affordable options |
With its thriving community, job opportunities, and lower cost of living, Clarksville offers an attractive combination of affordability and quality of life. Whether you’re a military family, a young professional, or looking to settle down, Clarksville provides an affordable and vibrant community that meets diverse needs.
https://www.youtube.com/watch?v=Id5e3jSTcSg
Cheapest Places to Live in Tennessee: LaFollette
LaFollette is the perfect destination for nature enthusiasts seeking an affordable place to live. Tucked away in the picturesque Cumberland Mountains, this charming town offers a serene suburban atmosphere and a cost of living that is 23.7% lower than the U.S. average. With a median home cost of $87,500, LaFollette provides affordable housing options for individuals and families alike.
One of the highlights of living in LaFollette is the abundance of natural beauty that surrounds the area. Norris Lake, renowned for its crystal-clear waters and stunning panoramic views, offers residents the opportunity to enjoy boating, fishing, and various water activities. Additionally, the nearby Cumberland Trail provides scenic hiking trails for outdoor enthusiasts to explore.
When it comes to everyday expenses, LaFollette proves to be an affordable choice. The town offers lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services, ensuring that residents can enjoy a comfortable lifestyle without breaking the bank.
| Cost of Living Category | LaFollette | National Average |
|---|---|---|
| Groceries | $2,900 | $3,240 |
| Utilities | $130 | $152 |
| Transportation | $710 | $914 |
| Healthcare | $5,895 | $6,653 |
| Miscellaneous Goods and Services | $2,300 | $2,398 |
Source: First source
With its affordable cost of living, stunning natural surroundings, and lower everyday expenses, LaFollette offers a desirable lifestyle for those seeking an affordable place to call home in Tennessee.
Cheapest Places to Live in Tennessee: Murfreesboro
Murfreesboro is an excellent choice if you’re looking for affordable living in Tennessee. As one of the top 20 places to live in the U.S., this city offers a high standard of living at a more affordable cost compared to other cities. Located about 30 miles southeast of Nashville, Murfreesboro benefits from its proximity to economic opportunities while maintaining a lower cost of living.
One of the advantages of living in Murfreesboro is its lower unemployment rate, providing residents with more job stability. The city is also home to Middle Tennessee State University, making it an appealing location for students and academics alike.
The median home price in Murfreesboro is $246,000, making homeownership more accessible compared to other parts of the country. With lower housing costs, residents can enjoy a comfortable lifestyle without breaking the bank. Additionally, Murfreesboro offers lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services, allowing residents to stretch their budgets further.
Whether you’re a young professional, a family, or a retiree, Murfreesboro provides an affordable and vibrant community to call home.
| Cost of Living Factors | Murfreesboro | National Average |
|---|---|---|
| Housing | $246,000 (median home price) | $322,500 (median home price) |
| Groceries | 3% lower than the national average | N/A |
| Utilities | 7% lower than the national average | N/A |
| Transportation | 4% lower than the national average | N/A |
| Healthcare | 3% lower than the national average | N/A |
| Miscellaneous Goods and Services | 4% lower than the national average | N/A |
Cheapest Places to Live in Tennessee: Rockwood
Located in East Tennessee, Rockwood is a charming town known for its affordable cost of living. With a median home price of $100,300, housing in Rockwood is significantly more affordable compared to the national average. Whether you’re looking to buy a home or rent, Rockwood provides affordable options for those on a budget.
Rockwood offers more than just affordable housing. The town is surrounded by natural beauty and outdoor activities, making it an ideal place for nature enthusiasts. Residents can enjoy easy access to Watts Bar Lake, where they can engage in fishing, boating, and other water activities. Additionally, the Mount Roosevelt Wildlife area provides opportunities for hiking and wildlife observation.
Rockwood doesn’t just offer affordable housing and outdoor activities; it also boasts lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services. This makes it easier for residents to manage their daily expenses and enjoy a comfortable lifestyle without breaking the bank.
Affordable Living in Rockwood:
- Median home price: $100,300
- Lower costs for groceries
- Affordable utilities
- Reasonable transportation expenses
- Accessible healthcare services
- Affordable miscellaneous goods and services
If you’re looking for an affordable place to live in Tennessee that offers a balance between cost of living and quality of life, Rockwood is worth considering. With its affordable housing options, stunning natural surroundings, and lower costs for daily expenses, Rockwood provides a comfortable and budget-friendly lifestyle.
“Rockwood offers a charming downtown area, affordable housing, and access to outdoor activities.”
Cheapest Places to Live in Tennessee: Bartlett
Bartlett, located just outside of Memphis, offers a peaceful suburban lifestyle with the convenience of a larger city nearby. As one of the top 100 places to live in the U.S., Bartlett is known for its affordability and quality of life. With a median home price of $206,200, Bartlett provides an attractive option for individuals and families looking for affordable housing in Tennessee.
In addition to its affordable housing, Bartlett offers lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services, making it an ideal place for those looking for affordable living. The city hosts various events and activities throughout the year, including the 4th of July Fireworks Extravaganza and the highly anticipated Bartlett Festival, which features a fierce BBQ Fest competition.
Whether you’re enjoying the peaceful suburban atmosphere or taking advantage of the vibrant city life in nearby Memphis, Bartlett provides a balance between affordability and convenience. The city’s strong sense of community, top-rated schools, and access to amenities make it an attractive destination for those looking to settle down in Tennessee.
| Cost of Living Factors | Bartlett | U.S. Average |
|---|---|---|
| Housing | $206,200 (median home price) | |
| Groceries | Lower than average | |
| Utilities | Lower than average | |
| Transportation | Lower than average | |
| Healthcare | Lower than average | |
| Miscellaneous Goods and Services | Lower than average |
Source: First source
Cheapest Places to Live in Tennessee: Portland
Portland is a tight-knit community with reasonable access to larger cities. The town offers a lower cost of housing, with a median home price of $173,800. Portland hosts the annual Middle Tennessee Strawberry Festival and provides access to live music and the Sumner Crest Winery. The town also has lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services.
| Expenses | Cost in Portland | National Average |
|---|---|---|
| Groceries | $XXX | $XXX |
| Utilities | $XXX | $XXX |
| Transportation | $XXX | $XXX |
| Healthcare | $XXX | $XXX |
| Miscellaneous Goods and Services | $XXX | $XXX |
Portland offers a vibrant sense of community, with various events and activities that bring residents together. The Middle Tennessee Strawberry Festival is one of the highlights of the year, offering delicious food, live entertainment, and family-friendly fun. Additionally, Sumner Crest Winery provides a unique opportunity for wine enthusiasts to enjoy local blends and experience the beauty of Tennessee’s wine country.
With its affordable cost of living, Portland allows residents to enjoy a comfortable lifestyle without sacrificing financial security. The lower median home price makes homeownership more accessible, allowing individuals and families to invest in their future. The town’s close proximity to larger cities also provides opportunities for employment and entertainment options that cater to a wide range of interests.
Overall, Portland offers an attractive combination of affordability, community spirit, and access to amenities. Whether you’re looking for a place to raise a family or enjoy retirement, Portland delivers on its promise of affordable living in the heart of Tennessee.
Cheapest Places to Live in Tennessee: Farragut
Farragut is known for its laid-back and quiet lifestyle, making it a great place for retirees. It offers excellent schools, including Farragut High School and L&N STEM Academy. The city boasts a median home value of $376,300, making it one of the more expensive places to live in Tennessee. However, despite the higher housing costs, Farragut still provides lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services compared to the national average.
Located on the shores of Fort Loudon Lake, Farragut offers a serene setting with opportunities for fishing, boating, and birdwatching. The town’s proximity to Knoxville provides easy access to urban amenities while maintaining a suburban feel. With its picturesque landscape and friendly community, Farragut is a desirable destination for individuals and families looking for an affordable yet upscale living.
| Cost of Living | Comparison to National Average |
|---|---|
| Groceries | 10% lower |
| Utilities | 15% lower |
| Transportation | 12% lower |
| Healthcare | 8% lower |
| Miscellaneous Goods and Services | 5% lower |
Despite the higher median home price, the lower overall cost of living in Farragut and its desirable amenities make it an attractive place to call home in Tennessee.
Cheapest Places to Live in Tennessee: Alcoa
When it comes to affordable living in Tennessee, Alcoa is a hidden gem worth considering. Located just 15 miles south of Knoxville, this charming city offers the perfect blend of peaceful suburban living and easy access to various highways and the McGhee Tyson Airport.
One of the key attractions of Alcoa is its outdoor activities. The city is surrounded by scenic beauty, providing ample opportunities for hiking and biking trails. Whether you’re a nature enthusiast or simply looking for a breath of fresh air, Alcoa has something to offer.
With a population of 9,561, Alcoa maintains a close-knit community where neighbors quickly become friends. The city boasts a median home value of about $146,500, making it an attractive option for those looking to invest in homeownership without breaking the bank.
Not only does Alcoa offer affordable housing, but it also provides a lower cost of living in other areas. Groceries, utilities, transportation, healthcare, and miscellaneous goods and services are all available at lower prices compared to the national average, allowing residents to enjoy a comfortable lifestyle without compromising their budget.
Whether you’re starting a family, looking to retire, or seeking a fresh start, Alcoa offers the perfect balance of affordability and quality of life. Its convenient location, outdoor recreational opportunities, and affordable housing make it an ideal place to call home.
Why Choose Alcoa?
- Easy access to highways and the McGhee Tyson Airport
- Abundance of hiking and biking trails
- Moderate population size for a close-knit community
- Affordable median home value of about $146,500
- Lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services
With its charming atmosphere and affordable living options, Alcoa is truly one of the cheapest places to live in Tennessee.
| Cost of Living Factors | Alcoa | National Average |
|---|---|---|
| Groceries | $ | $$ |
| Utilities | $ | $$ |
| Transportation | $ | $$ |
| Healthcare | $ | $$ |
| Miscellaneous Goods and Services | $ | $$ |
Moving to Tennessee: Considerations and Tips
Considering a move to Tennessee? Before you make the leap, it’s essential to think about important factors such as housing affordability, tax rates, and the overall cost of living in the state. Let’s explore some key considerations and tips to help you make an informed decision.
Affordability in Tennessee
Tennessee is known for its affordable cost of living compared to many other states. One significant advantage is that the state does not have a state income tax, making it appealing for residents looking to maximize their income. However, it’s important to note that Tennessee has the highest sales tax rate in the country, with a rate of 7% (or 9.55% when factoring in the average local rate). This means that while you may save on income taxes, you’ll need to factor in higher sales tax when making purchases.
Considerations for Housing
When moving to Tennessee, you’ll want to evaluate the affordability of housing. Take into account mortgage payments, property taxes, and additional expenses associated with homeownership. It’s crucial to assess your budget and financial situation to ensure you can comfortably afford a home in Tennessee. Pre-approval for a mortgage is recommended before beginning your house-hunting journey. This will give you a better idea of your buying power and help streamline the process.
Tips for Moving to Tennessee
“The Volunteer State offers a wealth of opportunities for those seeking an affordable and fulfilling lifestyle. Here are a few tips to make your move to Tennessee as seamless as possible:
- Research Different Areas: Tennessee has diverse regions, each with its own unique charm. Research various cities and towns to find the one that aligns with your lifestyle and preferences.
- Visit Before Making a Final Decision: If possible, visit Tennessee before making a permanent move. This will allow you to experience the state firsthand and get a feel for the communities you’re considering.
- Consider Job Opportunities: Explore job opportunities in your desired area of Tennessee. It’s important to ensure that there are ample career options available to support your financial goals.
- Take Advantage of Outdoor Activities: Tennessee is renowned for its natural beauty and outdoor activities. Embrace the opportunity to explore the state’s hiking trails, lakes, and national parks.
Keep these considerations and tips in mind as you plan your move to Tennessee. By carefully evaluating the affordability, researching different areas, and considering job opportunities, you can make a smooth transition and enjoy the benefits of living in the Volunteer State.
Conclusion
Tennessee offers an affordable cost of living compared to many other states in the U.S. With lower housing prices, reasonable taxes, and lower costs for groceries, utilities, transportation, healthcare, and miscellaneous goods and services, Tennessee provides an attractive option for those seeking an affordable place to live.
The state also offers a high quality of life, with natural beauty, cultural experiences, and various outdoor activities. Whether you choose to live in one of the affordable cities mentioned or explore other areas of Tennessee, you can enjoy a comfortable lifestyle without breaking the bank.
So, if you’re looking for a place with a lower cost of living in Tennessee, enhanced affordability in Tennessee, and a great quality of life in Tennessee, consider moving to the Volunteer State and start enjoying everything it has to offer!
FAQ
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Source Links
- https://www.upnest.com/1/post/cheapest-places-tennessee/
- https://www.felixhomes.com/blog/cost-of-living-in-tennessee
- https://www.ramseysolutions.com/real-estate/cost-of-living-in-tennessee
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