What does the cost of living in Tennessee look like in real terms? Whether you’re drawn by the allure of Nashville or the tranquility of the Smoky Mountains, it’s the practical details—like housing affordability, utility averages, and tax implications—that can ultimately sway your decision. This concise guide breaks down the living costs you’re curious about, setting you up for a smart and informed move to Tennessee.
Noteworthy Numbers
- Tennessee’s cost of living is generally considered affordable, with an average home value around the $300,000 mark and rent prices falling 20%–30% below the national average.
- Utility costs in Tennessee are quite reasonable, with an average electric bill of around $140 per month, while the average monthly