Is It Cheaper To Live In Tennessee Or Virginia?

Virginia is 20.6% more expensive than Tennessee.

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.

How much does it cost to live in Tennessee?

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

Why is it cheaper 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.

Is TN a good state to live in?

Famous for its country music, low cost of living, southern comfort food, and beautiful natural landscape, moving to Tennessee could be the best decision of your life. Ranked as the second cheapest state to live in the United States, and the number one state to retire, Tennessee is a good state to live in.

How much do you need to live comfortably in Tennessee?

Typical Expenses

What is the cheapest US state to live in?

Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

What is Tennessee minimum wage?

$7.25
(WTVF) — On Tuesday, a bill is to be discussed by a Senate committee to increase the minimum wage in Tennessee from $7.25 to $15 over four years. The wages would go up to $12 in 2023, $13 in 2024, $14 in 2025 and finally to $15 in 2026.

What is the cheapest place to live in Tennessee?

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.

• Chattanooga.
• Johnson City.
• Clarksville.
• Oak Ridge.
• Murfreesboro.
• Collierville.
• Bartlett.
• Portland.

What is considered low income in Tennessee?

What is considered low income? What is considered an affordable housing cost* for families? A full-time employee, for example, earning the minimum wage of $7.25/hour in Tennessee (last increase was in 2008) earns $15,080/year – considered very low income if they are a single person household.

Where should I not live in Tennessee?

The 10 Worst Places to Live in Tennessee

• Millington.
• Savannah.
• Morristown.
• Sweetwater.
• Dunlap.
• Covington.
• Rockwood.
• Memphis. Memphis makes it into the ten worst places to live in Tennessee as its high crime rates mean it is the most dangerous place to live in the state, says Only in Your State.

What are the dangers of living in Tennessee?

If you’re wondering “is Tennessee a good place to live?” read on.
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!

Which part of Tennessee is best to live in?

Here are the best places to live in Tennessee: Nashville. Knoxville. Chattanooga.

1. Nashville.
2. Knoxville. Best Places to Live 2021-2022 Rank: 41.
3. Chattanooga. Best Places to Live 2021-2022 Rank: 49.
4. Memphis. Best Places to Live 2021-2022 Rank: 143.

Why is everyone moving to Tenn?

Tennessee Attracts Retirees
A study conducted by Bankrate found Tennessee to be the third best state in the U.S. for retirees and the most affordable. Its low cost of living, small tax burden, and pleasant weather are a few of the many reasons retired people move to Tennessee.

What is the safest city in Tennessee?

The study lists Brentwood as the safest city in Tennessee and also ranks the city as the 42nd safest city in the United States. According to the study, the city’s population is 43,454 and the cost of crime in the area is $101 per capita. Brentwood was the only city in the state to land a spot in the study’s top 100.

What are the benefits of living in Tennessee?

Tennessee is an affordable state to live in with reasonable property taxes, a low cost of living and no state income taxes. With life necessities like utilities, groceries and transportation coming in at a low cost, those wanting to make the move will also find additional benefits.

What is a good hourly wage in Tennessee?

$13.90 is the 25th percentile. Wages below this are outliers. $39.10 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Tennessee.

What’s a good salary in Tennessee?

As of Jul 28, 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.

What is the average electric bill in Tennessee?

$123.30
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.

What is the best state to live in financially?

Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.

Where is the cheapest but nicest place to live in the US?

Coming in at the top of the C2ER list was Cedar Park, Texas, which was named the most affordable place to live in America. Set outside Austin, Cedar Park made it to the top of the list, due to its low cost of living index (7.2% below the national average) and high income levels (17.8% above the national median).