Is Tennessee Expensive

Yes! According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States. This index uses an aggregated benchmark system, where 100 is the U.S. national average. With a score of 88.7, Tennessee comes in well below the national average.

Are homes expensive in Tennessee?

In Tennessee, you can find some of the most inexpensive housing in the U.S. Although the median home value in Tennessee is a little over $120,000, in some areas like Union City and Humboldt, you can easily find a nice, single family home for around $60,000. Property taxes are also low, with the median rate at 0.68%.

How much does it cost to live in Tennessee a month?

Summary about cost of living in Nashville, TN, United States: Family of four estimated monthly costs are 3,595$ without rent. A single person estimated monthly costs are 1,011$ without rent. Nashville is 26.63% less expensive than New York (without rent).