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How Expensive Is It To Live In Tennessee? (Correct answer)

An amount below 100 means Tennessee is cheaper than the US average. A cost of living index above 100 means Tennessee, Tennessee is more expensive.



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 it expensive to live in Tennessee? In short, no, Tennessee is actually a very inexpensive place to live. According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States.This index uses an aggregated benchmark system, where 100 is the U.S. national average.

Is Tennessee an expensive state to live in?

Is it expensive to live in Tennessee? In short, no, Tennessee is actually a very inexpensive place to live. According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States. With a score of 88.7, Tennessee comes in well below the national average.

Is TN a good state to live in?

Over the last 20 years, Tennessee has enjoyed an impressive rate of population growth. Low tax rates, living costs, and high quality of life have kept people on the move to Tennessee. It’s not a perfect place, but for the price, Tennessee is about as good as one can get.

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Is Tennessee a cheap place to live?

While visiting the most popular attractions is a must-do for any traveler, Tennessee is also an affordable place to live. While you’ll find million-dollar mansions scattered throughout the state in places like Brentwood and Forest Hills, in most cities the median housing prices are reasonable.

How much does it cost to live in Tennessee per month?

In Tennessee, you can expect to pay around $850 per month for rent, a cool $300 less than the national average of $1,175 per month.

Why is Tennessee so cheap?

Tennessee is a fairly cheap place to live, compared to the rest of the country. The cost of living index is 86.5, compared to the national average of 100. This is mostly due to the majority of the state being in rural areas and the lack of a state income tax.

Does Tennessee get snow?

So, does it snow in Tennessee? Yes, it snows in Tennessee. However, the state only experiences mild winters and some snow dustings. Higher areas like the Appalachians get around 16 inches of snow each year, while regions like West Tennessee get 5 inches.

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!

What are some bad things about Tennessee?

11 Troubling Facts About Tennessee You May Be Better Off Not

  • We’re #15 in the nation with our 5.6% unemployment rate.
  • 27th worst state for drivers, with 1.4 crashes per 100 miles.
  • 28.4% of our state population is obese.
  • On that note: A recent study noted that less than HALF of Tennesseans exercise regularly.
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Is TN a poor state?

13. Tennessee. Tennessee’s low costs of living don’t quite make up for the state’s lower incomes.

How much are utilities in Tennessee?

Numbeo.com data from 2019 shows what the average monthly utility bills for a 915 square-foot apartment cost in Tennessee’s largest cities. In Nashville, residents can expect to pay $159.32, while $145.29. For comparison, the national average is $151.96.

Are homes expensive in Tennessee?

In Tennessee, you can find some of the most inexpensive housing in the U.S. Although the median home value in Tennessee is a little over $120,000, in some areas like Union City and Humboldt, you can easily find a nice, single family home for around $60,000. Property taxes are also low, with the median rate at 0.68%.

How much money do you need to live comfortably in Tennessee?

–A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year. The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.

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