Tennessee, a state known for its rich musical heritage, scenic beauty, and southern hospitality, also offers an attractive cost of living that draws people from all walks of life. Here, we’ll delve into the top 3 cities in Tennessee where the cost of living harmonizes perfectly with quality of life and economic opportunity.
From the vibrant streets of Nashville to the historic charm of Chattanooga, each city presents a unique financial landscape. We’ll look at housing costs, utility prices, transportation expenses, and other key factors that contribute to the overall cost of living.
Join us as we journey through the Volunteer State, examining the economic heartbeat of these cities to understand why they stand out as the most cost-effective places to call home in Tennessee.
Costs of Food
Thankfully, Tennessee’s food costs are significantly lower than the national average. In this state, the average adult spends about $2,890 per year on food.
If we consider the cost of food in other US states, this amount spent on food is not so excessive. Furthermore, restaurant costs are not as exorbitant and ostentatious.
For about $13, you may have a delicious lunch in a contemporary restaurant. This cost, however, can quadruple and reach as high as $20 in certain locations, such as the most costly ones (Nashville, Memphis, Clarksville, Knoxville, or Chattanooga).
Costs of Housing
The primary assumption regarding the cost of living in any given state is the cost of housing and/or rent. Are Tennessee real estate prices somewhat high?
Here it is: these costs are often the necessary items that maintain high living expenses. Fear not—the average middle-class home is reasonably priced, typically costing no more than $200,000.
With one exception: in some affluent parts of the state, including Nashville or Clarksville, this cost may even reach $400,000.
Read More: Is Bothell the Right Fit for You? Weighing Pros and Cons
The Tennessee Cities With the Highest Prices
Memphis
Although housing expenses in this city are 25% less than nationally, they are nonetheless significant when compared to other cities in the state.
The $350,900 home is significantly less expensive than one in Nashville. The cost of utilities is nearly the same as in the capital city.
The cost of food at restaurants and supermarkets is what really sets Memphis apart as the most costly city. In the grocery, a loaf of fresh bread costs $3 or more, a gallon of milk costs much more than $2.50, and a dozen eggs (normal 12) costs $2.80.
A fast food meal (such a McDonald’s Quarter-Pounder with cheese) typically costs $5 in this state, however it is closer to $6.50.
Read More: Secure Havens: Tennessee’s 5 Cities Offering Safety and Serenity
Nashville
With about two million residents, Nashville is the most populous city in Utah. It is well-known for its fantastic nightlife, top-notch universities, and iconic landmarks like the Ryman Auditorium and the Grand Ole Opry.
Nashville is a great place to live despite its high cost of living. A one-bedroom apartment typically costs about $1,350 per month, while a home of this caliber costs an unusual $400,000.
As a result, the utility bills in this state are likewise higher than average. All necessary expenses, including extra internet, are included in a single $400 monthly payment.
Read More: This Tennessee City Struggling With the Highest Homelessness Rates
Knoxville
Nestled between the Smoky Mountains and the Cumberland Plateau, Knoxville is a small town situated beside the Tennessee River.
In terms of living expenses, it ranks as the third most costly city in Tennessee. You should budget approximately $100 for a typical doctor’s appointment, $70 for an optometrist visit, and $80 for a dentist visit.
In addition, the cost of food, transportation, and other expenses is significantly greater than the average for the entire state.
Read More: Safety First: This City in New Orleans Tops the Chart as the Most Dangerous City to Live in
To Conclude
For budget-conscious travelers, Tennessee provides a tempting mix of economy and quality of life. Nashville and Memphis have greater housing and food expenditures, but Clarksville and Chattanooga offer a more balanced and affordable living.
Tennessee has a variety of cities and small communities to fit your tastes. This is just the start. When choosing the best and most cheap Tennessee city to live in, consider amenities, career possibilities, and lifestyle preferences.
Tennessee delivers an enriching and affordable lifestyle with its rich cultural past, spectacular natural beauty, and inviting communities.
