Rockwood is also home to the Annual Thunder Road Festival that features live music, food and an amazing auto and motorbike show. For one thing, theres Graceland, Elvis Presleys home. From the mountains to the Mississippi, Tennessee boasts some of the countrys lowest housing costs and a skilled and dedicated workforce focused on perfection. In other words, the federal tax system aims to get wealthier folks to pay a higher percentage of their income in taxes. It is my home. Read 7 reviews. Agents may negotiate lower rates depending on the type of transaction, the services required, and frequency of business. Norris Lake dominates the area to the south. It is home to Martin Methodist College. If they are receiving a referral from a trusted source they may offer a modest discount, while still giving a full-service experience. The small town is great for knowing everyone around you. Public schools are rated higher than surrounding areas. Tennessee cities and counties have the option of imposing an additional local option sales tax. Current Resident: I am so grateful to live in Decatur County and to attend the University of Tennessee Martin, Parsons Center. #8 Counties with the Lowest Cost of Living in Tennessee. Make sure you take this into account as you plan your overall. Apartments rent for an average of $1,222 per month. The town has grown bigger and bigger in the last 10 years.. There isn't anything like growing up in a small town with a tight-knit community.The overall criminal activity is low, and Camden is a great place to raise a family. Tennessee jobs have increased by 1.8%. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. You can discuss the different types of mortgages and decide which would be best for you. There are a variety. Parent: I was born and raised here. 83 Niche users give it an average review of 4.6 stars. You should evaluate the options based on your usage and preferences and pick the best fit for your needs. Students are spending 30% of their days in a building with unstable walls, 40 year old heating andWhy has the school not been shut down? Portland is a tight-knit, small-town community with reasonable access to plenty of bigger cities. Property taxes are locally determined and collected. Your property taxes will be added to your monthly mortgage payment. Looking for a great Realtor to help you find a home in Tennessee? Feb 20, 2021. Discover the schools, companies, and neighborhoods that are right for you. If they are old enough to understand, include the children in making plans for the move. I would choose to live here again a great place to raise a family! Of that income, about $2,994, or 13.4% goes to food. Home sellersmay also work with their agents on bonuses and incentives. I love my little town. Source: Wikipedia (as of 04/11/2019). #23 Counties with the Lowest Cost of Living in Tennessee. While typical expenses in small towns and rural areas are very affordable, the Tennessee cost of living tends to be considerably higher in popular urban centers like Nashville or Memphis. The area is safe, with respected public schools. Featured Review: Current Resident says Great community in which to live and raise a family in. See our Privacy Policy. When you buy a home through UpNest, whichis owned by parent companyRealtor.com, Tennessee residents can also benefit from a range of exclusive cost savings. The population is very diverse and this is mostly because of the college. My career of choice is registered nursing, and since Camden is such a small town, I do not feel as if my career would flourish, and I wouldn't get as good of an experience compared to working in a bigger hospital with more opportunities to advance in nursing. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. We live in a farming area. The city also has plenty of outdoor activities, including a 12-mile greenway for walking, running, and biking. Yes, it is very small; blink an eye lid and you will pass it. Houses may need a few things fixed either prior to purchasing a home or immediately after. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. Tennessee includes the following metropolitan areas for which an Economy At A Glance table is available:. When it comes to it, this little county truly works together to help one another in need. Numbeo.com data shows what the average monthly utility billsfor a 915 square-foot apartment cost in Tennessees largest cities. Thats pretty impressive when you consider the national average is around $45,500. #11 Counties with the Lowest Cost of Living in Tennessee. Have a question? All other tangible personal property, unless specifically exempted, is 7%. With the small population of 65,600, the city features small, tight-knit communities that make living there enjoyable. Utility costs like energy and phone use in Tennessee range from 13% lower than the national average in the far northeastern city of Kingsport (bordering Virginia), to only 1% higher in Morristown. Anytime something bad happens in the community, every comes together to show support and helps with any expenses or anything else needed. Ensuring that youre aware of the area and not focused on one house can help make sure that youre making the best choice possible when putting in an offer, and not necessarily choosing the first one on the list. #22 Counties with the Lowest Cost of Living in Tennessee. A financial advisor can help you navigate big life changes like a cross-country move, or just help you to meet general financial goals like saving for retirement. Your money will go a lot farther in Tennessee. Tennessee has no state income tax! Youll find the median home value is around $150,000 and monthly apartment rentals are around $818 per month. (The Center Square) - Residents of Williamson County need to make $3,737 every month to maintain a modest standard of living, making it the most expensive place in Tennessee to live, according to an analysis from 24/7 Wall St. More Economy COST OF LIVING Compared to the rest of the country, Tennessee's cost of living is 10.1% lower than the U.S. average. Alcoa is the cheapest place to live in Tennessee. Featured Review: Niche User says As far as I been living here there isn't any police constantly around trying to stop any violence. 6, according to MERIC data gathered in the third quarter of 2021. To calculate the most affordable cities in Tennessee, the cost of living index for each city was calculated, then compared to the national average of 100. Copyright 2023 TNECD. In Nashville, the average combined cost of electricity, heating, cooling, water, and garbage disposal bills is $172.18 per month. Given that the average listing price for a home in America is well above $200,000, Tennessee is one of the most affordable places for homebuyers to make a real estate purchase. This estimation jumps to 15.2% for a family of two adults and two children, as MIT calculates a family of this size will spend $8,822 on food out of a $58,199 living wage. Knoxville, TN does not have a major sports team, but dont worry, check out local colleges and high school sports schedules. Home sellers may also work with their agents on bonuses and incentives. Well wonder no more, weve looked at the data ourselves and compiled a comprehensive guide to the average costs of living in Tennessee. By using our website you consent to all cookies in accordance with our Cookie Policy. New Business Entity Filings (Q3 2021, Running 12-Month Total), Population with High School Degree or Higher, ages 25-64 (2019), Population with Bachelors Degree or Higher, ages 25-64 (2019), Civilian Veterans Age 18 Years and Older, 2019, Mean Travel Time to Work (Minutes), Workers Age 16 and Older, 2019, Population with High School Degree or Higher, Ages 25-64, 2019, Percentage of Population with High School Degree or Higher, Ages 25-64, 2019, Population with Bachelor's Degree or Higher, Ages 25-64, 2019, Percentage of Population with Bachelor's Degree or Higher, Ages 25-64, 2019, Median Home Value, Owner-Occupied Units, 2019, Persons Below Poverty Level, Percent, 2019, Ashland City, Cookeville, Franklin, Johnson City, Knoxville, Lebanon, Nashville, Athens, Columbia, Lexington, Murfreesboro, Pulaski, Clarksville, La Vergne, Morrison, Nashville, Chattanooga, Cleveland, Franklin, Lebanon, Thompson Station. We have a Dollar Store and a gas station. Maybe thats enough to get you to start thinking about moving there. The university estimates that in the 2019-20 academic year it. Individual food prices vary by city. Tennessee is a tax-friendly state with a low cost of living for some. The new employer premium rate for most industries, including manufacturing sector 31-33 and mining is 2.7%. 7 Niche users give it an average review of 2.9 stars. Utilities. The average cost of fuel is similarly affordable at $1.97 per gallon. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. These cities have the lowest cost of living in all of Tennessee. There is always someone helping out. Read 6 reviews. Another very affordable community is Johnson City. #19 Counties with the Lowest Cost of Living in Tennessee. Read 36 reviews. You can enjoy a wide range of delicious cuisines, plus the annual Main Street JazzFest. Living in LaFollette offers residents a sparse suburban feel. Remember, everything is negotiable in real estate. The absence of state income tax will make your take-home pay higher and provide more income for the basic, Tennessee is ranked number 36 out of all states in overall healthcare access and affordability. Farragut offers excellent schools, with Farragut High School and L&N STEM Academy recognized for high graduation rates and above-average testing scores. This index uses an aggregated benchmark system, where 100 is the U.S. national average. Job growth has spiked in the past few years with an LG manufacturing plant and a Google data center. Read more from, If you want to buy a home in the beautiful state of Tennessee, you will find that home prices are generally below the median compared to most residential home markets in the country. Some AP and honors classes can become really difficult, but some honors and standard classes just don't challenge students at all. These are 10 of the cheapest places to live in Tennessee, where many have relocated. Most teachers there, especially in high school, care deeply about their students and want to see them grow. If you look around at the neighborhoods close to the home youre considering, you may find other locations that may be a better price, closer to an important location, or simply newer than the one that youre considering.