What Is Expensive In Tennessee?

If you’re planning to move to Tennessee, your monthly budget might get a nice break. Why? Tennessee is among the most affordable 10 states, at No.

Average Cost of Living in Tennessee: $37,499 per year.

Is Tennessee expensive to live?

In short, Tennessee enjoys an especially low cost of living. According to a study conducted by the World Population Review, in 2021 Tennessee is the country’s sixth cheapest state to live in. That’s pretty standard for The Volunteer State, where living costs have historically landed it in the top ten for affordability.

What’s expensive in Tennessee?

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.

Are things more expensive in Tennessee?

Yes! 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.

How much is it to live in Tennessee?

Tennessee Housing Costs

How much is a gallon of milk in Tennessee?

For many milk is a grocery staple. However, depending upon where you live, the cost can fluctuate dramatically. According to the USDA, the average gallon of whole milk is $3.59 a gallon.
Average Price Of Milk In Every State.

What is a good salary in Tennessee?

As of Jul 31, 2022, the average annual pay for the Comfortable jobs category in Tennessee is $42,058 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.22 an hour. This is the equivalent of $809/week or $3,505/month.

How much is gas in TN?

$3.732
Tennessee average gas prices

What is minimum wage in TN?

$7.25
Tennessee’s minimum wage hasn’t changed since 2009, when the federal minimum wage changed to $7.25. Someone working full time on minimum wage would only make about $15,000 a year.

Why is Tennessee so cheap?

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.

Does Tennessee have car tax?

As reported by CarsDirect, Tennessee state sales tax is 7 percent of a vehicle’s total purchase price.

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 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.

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

Typical Expenses

What is the best area to live in Tennessee?

Brentwood
Niche.com ranked it the #1 Best Place to Live in Tennessee in 2017, and this Nashville suburb located in Williamson County was named by Money Magazine as the #21 Best Place to Live in America in 2017. The affluent suburb is renowned for its verdure and rolling hills.

Is it better to live in Tennessee or Georgia?

Pros of Retiring in Tennessee
Lowest tax burden: Tennessee offers a lower tax burden than Georgia. In Tennessee, there’s no income tax, while Georgia’s income tax rate is 5.75%. Tennessee taxes dividends and interest at 6%, but it’s still lower overall than Georgia.

How much are eggs in Tennessee?

Food prices

Is Nashville expensive?

The annual price of living comfortably in Music City soared to $80,548 this year, according to a new analysis by personal finance management website GoBankingRates.com. Nashville, the priciest city in the state, is home to Tennessee’s most expensive real estate values.

How much do you need to make to live comfortably in Nashville?

A 2018 study by GoBankingRates found Nashville residents need to make $85,000 a year to “live comfortably,” $34,000 more than the city’s median income.

What is upper class in Tennessee?

The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653. In Music City, the lowest income to be considered “rich” (Top 20%) is $115,609. The average income of the top 20% comes in at $212,201.

What are the highest paying jobs in Tennessee?

Detailed List Of Highest Paying Jobs In Tennessee