Summary about cost of living in Nashville, TN, United States: Family of four estimated monthly costs are 3,491$ without rent. A single person estimated monthly costs are 982$ without rent. Nashville is 28.15% less expensive than New York (without rent).
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How much is the average cost of living in Tennessee?
Our cost of living indices are based on a US average of 100. An amount below 100 means Tennessee is cheaper than the US average.
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 Tennessee expensive to live in?
Is it expensive to live in Tennessee? In short, no, Tennessee is actually a very inexpensive place to live. According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States.With a score of 88.7, Tennessee comes in well below the national average.
How much does it cost to live comfortably in Tennessee?
There, residents earn a median income of just $37,488 but need $70,413 to be comfortable.
How much money do you need to live in Tennessee?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Required annual income after taxes | $23,718 | $45,780 |
| Annual taxes | $3,845 | $7,422 |
| Required annual income before taxes | $27,563 | $53,202 |
Is rent expensive in Tennessee?
According to Apartment List data from 2019, a two bedroom apartment in the Volunteer State goes for just $854 a month, as compared to the $1,175 national median. Three bedroom apartments have an even larger split, as the $1,139 median rent in Tennessee is $439 cheaper than the $1,578 U.S. median.
What is a good salary in Tennessee?
While ZipRecruiter is seeing salaries as high as $90,717 and as low as $23,502, the majority of salaries within the Comfortable jobs category currently range between $27,262 (25th percentile) to $41,833 (75th percentile) with top earners (90th percentile) making $58,754 annually in Tennessee.
What state has the cheapest cost of living?
States with the Lowest Cost of Living
- Mississippi. Mississippi has the lowest cost out of living of all 50 states.
- Oklahoma. Oklahoma has the second-lowest cost of living in the United States.
- Arkansas. The state with the third-lowest cost of living in Arkansas.
- Kansas.
- Missouri.
- Georgia.
- Alabama.
- New Mexico.
Why is it so cheap to live in Tennessee?
Tennessee is a fairly cheap place to live, compared to the rest of the country. The cost of living index is 86.5, compared to the national average of 100. This is mostly due to the majority of the state being in rural areas and the lack of a state income tax.
Is it worth it to move to Tennessee?
Over the last 20 years, Tennessee has enjoyed an impressive rate of population growth. Low tax rates, living costs, and high quality of life have kept people on the move to Tennessee. It’s not a perfect place, but for the price, Tennessee is about as good as one can get.
How much is a gallon of milk in Tennessee?
Average Price Of Milk In Every State
| State | Cost |
|---|---|
| Tennessee | $2.59 |
| Texas | $3.48 |
| Utah | $2.18 |
| Vermont | $3.28 |
Can I afford to move to Tennessee?
Low property taxes and no state income tax are just two reasons why you can afford to live in Tennessee comfortably.According to BestPlaces, the cost of living index score for Tennessee is 87.6, well below the national average. Home prices are exceptionally affordable, compared to many other parts of the country.
What is a good hourly wage in Tennessee?
Hourly Rate Salary in Tennessee
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,754 | $28 |
| 75th Percentile | $45,593 | $22 |
| Average | $37,551 | $18 |
| 25th Percentile | $27,262 | $13 |
What is 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.
How much is the average water bill in Tennessee?
The majority of Nashville residents pay $3.13 for a 5/8-inch water meter and on average, use up to 4,488 gallons of water per month. The first two units of water (1,496 gallons) is included in the fixed meter charge. The monthly water bill for an average Nashville residential customer is $12.45.
How much is the average gas bill in Tennessee?
Gas bill monthly averages by state
| State | Average Gas Bill |
|---|---|
| Tennessee | $100.56 |
| Texas | $110.58 |
| Utah | $52.33 |
| Vermont | $110.43 |
Does Tennessee get snow?
So, does it snow in Tennessee? Yes, it snows in Tennessee. However, the state only experiences mild winters and some snow dustings. Higher areas like the Appalachians get around 16 inches of snow each year, while regions like West Tennessee get 5 inches.
What jobs are in high demand in Tennessee?
Detailed List Of The Fastest Growing Jobs In Tennessee
| Rank | Job Title | Jobs in 2024 |
|---|---|---|
| 1 | Physical Therapist Assistant | 3,630 |
| 2 | Diagnostic Medical Sonographer | 2,220 |
| 3 | Tax Preparer | 3,400 |
| 4 | Physical Therapy Aide | 1,750 |
What are the highest paying jobs in Tennessee?
Detailed List Of Highest Paying Jobs In Tennessee
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Vice President, Field Operations | $182,008 |
| 2 | Consultant And Sales Representative | $176,557 |
| 3 | Primary Care Physician | $172,355 |
| 4 | Chief Operating Officer, Chief Technology Officer | $165,128 |
What city in Tennessee has the lowest cost of living?
Most affordable places to live in Tennessee
| Rank | City | Annual Property Tax |
|---|---|---|
| 1 | Atoka, TN | $1,335 |
| 2 | Oakland, TN | $836 |
| 3 | La Follette, TN | $481 |
| 4 | Humboldt, TN | $735 |
Where can I live with 1000 a month?
5 Countries You Can Live For Less Than $1,000 A Month
- Argentina. The cost of living in Argentina is up to 60% less than in the United States.
- Croatia. Croatia doesn’t get enough credit as a budget-friendly destination for expats.
- Grenada.
- Vietnam.
- Zimbabwe.
