Utilities. According to the U.S. Energy Information Administration (EIA), the average monthly energy bill in Tennessee is $123.30. That’s $11.63 above the U.S. average energy utility bill of $111.67.
How much is the average electric bill in TN?
around $123.30
In Tennessee, the average monthly electricity bill is around $123.30. This is just a slight step above the country’s average, which is $111.67. In total, most Tennessee residents pay around $145 a month for their utilities in total.
Is electricity cheaper in Tennessee?
As a customer, you have a right to understand how you are being charged by the utility. Tennessee residential customers have some of the largest electricity bills in the country, ranking at #7. That’s despite also being #7 for the lowest rates in the country.
Are utilities High in Tennessee?
The cost of utilities in Nashville is slightly below the U.S. average, with a cost index of 99.3. The utility cost index for all of Tennessee is slightly lower than Nashville, at 96.7%. Nashville residents spend about 6.3% of their monthly income on utilities.
What state has the highest costs for electricity?
Hawaii
Hawaii is the U.S. state with the highest household electricity. In February 2022, the average retail price of electricity for Hawaiian residences amounted to roughly 40 cents per kilowatt hour. California followed in second, with 26.7 cents per kilowatt hour.
Is Tennessee an expensive state to live in?
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.
Why is it so cheap to live in Tennessee?
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.
How expensive is it to live in Tennessee?
Tennessee is among the most affordable 10 states, at No. 6, according to MERIC data gathered in the third quarter of 2021.
Average Cost of Living in Tennessee: $37,499 per year.
| Category | Average Annual Per-Capita Cost in Tennessee |
|---|---|
| Housing and Utilities | $7,056 |
| Health Care | $6,295 |
Is it cheaper to live in Tennessee or Florida?
If the average cost of living in the United States is 100, Florida has an overall score of 97.9. This is considerably more than Tennessee, which has an overall cost of living score of 88.7. When comparing the numbers, this means Florida is nearly 10% more expensive to live in than Tennessee.
What is the cost of living in TN?
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 |
|---|---|---|
| Health | 101.9 | 100 |
| Housing | 71.2 | 100 |
| Median Home Cost | $231,600 | $291,700 |
| Utilities | 96.7 | 100 |
Is it cheaper to live in TN or NC?
Tennessee is 3.1% cheaper than North Carolina.
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.
Is it cheaper to live in Georgia or Tennessee?
Tennessee is 5.7% cheaper than Georgia.
What state has lowest electric rates?
Electricity Rates By State (Updated Daily)
The Average Electricity Rate in the U.S. is 10.42 cents per kilowatt-hour. Hawaii has the highest average electricity rate of 30.55 cents per kilowatt-hour. Louisiana has the lowest average electricity rate of 7.01cents per kilowatt-hour.
What state has lowest utility bills?
Lowest: Washington
Washingtonians have, on average, the cheapest utility rates in the country—7.15 cents per kWh.
Where is electricity the cheapest?
1. North Dakota. North Dakota currently stands as the cheapest state for electricity at just 9.03 kWh. If you use as much electricity as the average American household, you’ll find yourself paying around $78 per month for electricity.
Why is Tennessee housing so expensive?
High demand and low inventory are causing home prices in Nashville to rise at a rapid pace. Nashville home prices are rising due to low-interest rates, low inventory, and changing demographics in larger cities. This is a fantastic trend for sellers in For Greater Nashville.
Is property expensive in Tennessee?
TENNESSEE HOMES
The analysis found that the median home price in Tennessee experienced a +11.8% change over the past year to $218,121, compared to the national median of $281,370. Out of all states, Tennessee has the 16th least expensive real estate.
Is housing cheap in Tennessee?
Yes, Tennessee is a very cheap state to live in! The average costs of living in Tennessee is relatively low. According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States.
What are the cons of living in Tennessee?
List of the Cons of Living in Tennessee
- The summers can be brutal when you start living in Tennessee.
- Tennessee barbecue is not for the faint of heart.
- It can be challenging to make new friends when living in this state.
- The growth levels in Tennessee’s cities can be challenging as well.
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.