Arkansas is 1.9% cheaper than Tennessee.
Is Arkansas cheaper than Tennessee?
Although both states are affordable, Arkansas is cheaper to live in than Tennessee by 8.6%. But there are other factors to consider. Tennessee has a stronger economy, healthcare quality, and a more favorable tax system. However, Arkansas has less hazardous weather, while both have great landscapes.
Is Arkansas an expensive place to live?
Living in Arkansas is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 14.7% less than they do on average nationwide. Compared with all other states, Arkansas has the lowest overall cost of living.
Does Tennessee have a high cost of living?
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.
What is cost of living in TN?
Average Cost of Living in Tennessee: $37,499 per year.
How much money do you need to live comfortably in Arkansas?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $25,918 | $48,890 |
| Annual taxes | $6,419 | $12,108 |
| Required annual income before taxes | $32,336 | $60,999 |
Why are houses so cheap in Arkansas?
Low demand to live in Arkansas (for whatever the reason, low job growth, now a desirable place to live, etc) causes low movement of inventory, which would cause low pricing (in order to move inventory quicker.
What are the dangers of living in Arkansas?
We are a great place to live or visit, but that doesn’t mean there aren’t dangerous things in Arkansas.
Here Are The 6 Biggest Risks Living In The State Of Arkansas
- Street Crime. Flickr/Alan Cleaver.
- Theft/Home Invasion. Flickr/Cliff.
- Tornado Destruction.
- Hunting Accident.
- Vehicle Accident.
- Drowning.
What are the pros and cons of living in Arkansas?
10 Pros And Cons Of Living In Arkansas
- Low cost of living.
- Low property taxes.
- Top-notch state universities.
- Nice weather & plentiful outdoor activities.
- Small town charm or bigger city vibe.
- High sales taxes.
- High crime rates.
- Less than the best educational system.
Which state has 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.
What city in Tennessee has the lowest cost of living?
Alcoa is the cheapest place to live in Tennessee. The median home value is around $146,500 and monthly apartment rentals are around $700 per month. There are also many other affordable cities in Tennessee that attract many people to move to the state.
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.
What is minimum wage in Tennessee?
$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.
What salary 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.
Are groceries cheaper in Tennessee?
Tennessee’s grocery bills are rated a 95 according to our cost of living calculator, which means that groceries tend to cost 5% less than the U.S. average.
Does Tennessee have car tax?
As reported by CarsDirect, Tennessee state sales tax is 7 percent of a vehicle’s total purchase price.
What is a good hourly wage in Arkansas?
$12.90 is the 25th percentile. Wages below this are outliers. $22.31 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Arkansas.
| City | Bentonville |
|---|---|
| Annual Salary | $43,326 |
| Monthly Pay | $3,610 |
| Weekly Pay | $833 |
| Hourly Wage | $20.83 |
What is minimum wage in Arkansas?
1, 2019. Then it increased to $10 an hour on January 1, 2020. Then it went up again to $11 an hour on January 1, 2021. But that’s where it stops there is no minimum wage increase scheduled for 2022 or in future years.
What is the cheapest place to live in Arkansas?
2021 Most Affordable Cities in Arkansas
- Forrest City.
- Helena.
- West Memphis.
- El Dorado.
- Blytheville.
- Harrison.
- Hope.
- Russellville.
Is moving to Arkansas a good idea?
Moving to Arkansas? Good move: The Natural State is one of the best places to relocate thanks to a low cost of living and a high quality of life that includes plenty of outdoor recreation, employment opportunities, a strong arts scene and more. The people who come here tend to love it and end up staying a long time.
Why is everyone moving from Arkansas?
Trends show that people have been fleeing the hectic pace of major U.S. cities in search of greater work-life balance, more flexibility and other opportunities—and the numbers have been skyrocketing during the coronavirus pandemic. Arkansas was recently ranked the sixth most popular state to move to right now.