Healthcare costs in Tennessee are slightly above the national average. It is nice and quiet and you have plenty of space. The assumption is the sole provider is working full-time (2080 hours per year). An award-winning writer with more than two decades of experience in real estate. Some of the tourists attractions are Reelfoot Lake and Discovery Park of America.. Niche User: I feel really safe where I live. Real estate agent commission is typically split 50/50 between the agents who represent the buyer and seller. We live in a farming area. 24 Niche users give it an average review of 3 stars. A cost of living index above 100 means Tennessee, Tennessee is more expensive. The major outlier in the state is Knoxville, which boasts prices 16% less than the national median. Ranking based on data from the U.S. Census and BLS. By continuing to browse this site, youre accepting the use of cookies. Out of that 3%, the agent has to split with their office. I live in the Washburn area of Grainger County area. We also explored access to recreational activities to make sure you have the chance to have fun and stay active in retirement. So, on average the actual agent may only get 1.5% of that 6% commission. The Tennessee state tax is four percent on food and food ingredients and seven percent on all other tangible personal property, unless specifically exempted. Students are spending 30% of their days in a building with unstable walls, 40 year old heating and cooling units, and 40 year old plumbing. I come home from school or vacations to a welcoming feeling all over.. Current Resident: Obion County is a small county that will make anyone feel welcome. Houses may need a few things fixed either prior to purchasing a home or immediately after. Tennessee is packed with a country and blues culture thats centered around Nashville and Memphis. The city sits about 30 miles southeast of Nashville. Further, the state does not tax personal income, only dividends and interest income. it's a small town that makes everyone feel at home. Read 5 reviews. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Looking for a great Realtor to help you find a home in Tennessee? In Nashville, the median home value is $405,000, while Knoxvilles is slightly higher at $332,224. Featured Review: Parent says I've never know as a county where people cared about one another so much. The only thing I can say about Pickett County is how AWFUL their school system is. Lowest state and local tax burden per capita. I would choose to live here again a great place to raise a family! You can enjoy outdoor activities like hiking, biking, and running. The only thing about Briarcrest I would change is some classes are not challenging enough. These are 10 of the cheapest places to live in Tennessee, where many have relocated. Chattanooga is a very affordable destination, not just in Tennessee but the entire South. Median home price is $100,300. The well-maintained Greenway includes more than 15 miles of parkland trails winding between the cities of Alcoa and Maryville. In much of Tennessee, healthcare costs come out right around the national average. For the future generations, I believe there will be more job opportunities and a better education system. Remember buyers: you need to know what a home will require in order for it to be up to your expectations of build quality. 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. That doesnt even include the $934 First Year Experience Fee. #9 Counties with the Lowest Cost of Living in Tennessee. Nashville's cost of living is 3% lower and housing costs are also 9% lower than the national average. Featured Review: Current Resident says Pickett County is a very small town on the border of TN and KY. Healthcare costs make up a significant part of the. #13 Counties with the Lowest Cost of Living in Tennessee. She loves going to school every day! Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Rememberbuyers: you need to know what a home will require in order for it to be up to your expectations of build quality. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Source: Council for Community and Economic Research (C2ER) Cost of Living Index (COLI), 2017 Annual Averages. Read more from, Knoxville, Tennessee going out to eat at a restaurant and buying food is considered to be affordable. Rent Plus Care Fees. The estimated average annual cost for child care in Knoxville, Tennessee (based on state average), is $5857. Thats $270 less than the U.S. national average of $1,124 per month. Assistant Commissioner, Business and Workforce Development. A ticket to Graceland will cost you$41 for the cheapest option. If they are receiving a referral from a trusted source they may offer a modest discount, while still giving a full-service experience. If youre thinking of moving to Tennessee, youve probably wondered about how The Volunteer State compares to the rest of the country in basic cost-of-living expenses. Tennessee has plenty of attractions to keep tourists and residents happy. Admission to Great Smoky Mountains National Parkis free. I highly recommend Lausanne. Read 83 reviews. Often, if theselleris motivated enough to sell the house, they might work with you and include fixes and light renovations as a stipulation in the contract for the sale of the house. Taking a look back at Nashville, 38.9% of the citys inventory is priced between $136,000 and $273,000. We live in a farming area. Keep your finances in mind and dont let yourself get carried away in the excitement ofbuying your first home. Tennessees tax regime is an interesting case. and there is great live music and the eclectic Sumner Crest Winery. Whether you're planning for an upcoming move or just curious about the cost of living in other cities, the PayScale Cost of Living Calculator is the place to begin your research (or daydreaming). Everyone knows most everybody and there is always a helping hand. There are a variety. Parent: I was born and raised here. According to a study bythe Health Care Cost Institute, prices in the Nashville metro area sit at 7% above the U.S. median, whereas the Chattanooga metro area is 4% below that mark. 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. Current Resident: Great community in which to live and raise a family in. It is a wonderful school, very diverse, and numerous class offerings to choose from. Make sure you can comfortably afford not just your mortgage but also any additional expenses beforebuying your first home. Unsurprisingly, monthly utility costs are even higher in Tennessees major cities. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. Within a mile of Rockwood is a nine-hole golf course, access to beautiful Watts Bar Lake, a sports complex and walking trail, and Mount Roosevelt Wildlife area. Remember, everything is negotiable in real estate. GROCERY ITEMS 93.5 #19 Counties with the Lowest Cost of Living in Tennessee. Featured Review: Niche User says It's a college town, but not as busy as a big city. Official website of the Tennessee Department of Tourist Development 2022. #20 Counties with the Lowest Cost of Living in Tennessee. If youre a lover of country, bluegrass, or rock n roll, youll be happy to know that the Tennessee cost of living is relatively low. Tennessee has no state income tax! Listed above are the most affordable places to live in Tennessee with a population of more than 5,000 people. Home sellers may also work with their agents on bonuses and incentives. Yes! Here are some options. There are also many other affordable cities in Tennessee that attract many people to move to the state. To help prospective homebuyers prepare for life in Tennessee, weve looked at seven major cost-of-living indicators. The median home value in Alcoa is about $146,500. 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. It depends on where youre living. So, out of a gross 6% commission, your agent would only typically get 3% gross. You also need to be aware of the market surrounding the house. So, on average the actual agent may only get 1.5% of that 6% commission. Featured Review: Current Resident says I have lived in this area my entire life. Farragut is a great place for retirees because its laid-back and quiet. It hosts the annual Middle Tennessee Strawberry Festival.. The concentrationof Tennesseans working in the manufacturing sector is 1.35times the national average. 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. Featured Review: Niche User says I love my home town. For comparison, the U.S. national average for utility payments is $111.76 per month. Home sellersmay also work with their agents on bonuses and incentives. I see more small businesses in the future . Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your. The Living Wage Calculator from MIT lists a $22,369 living wage for a single adult in Tennessee. That said, the median income for Tennessee residents is $37,488, which is well below the national average. The UpNest platform allows you to compare multiple agents in your area so you can compare reviews, commission rates, previous sales, and more. This cost is ranked NO. A few desirable areas, like Nashville, are slowly becoming more expensive. This generally ranges from a 50/50 to as high as a 90/10 split. When in doubt, consult a professional Realtor who knows the market. For example, if you are a real estate investor selling and buying 10 homes a month, an agent might be willing to work a 50% off deal in exchange for the volume. As a matter of fact, NeighborhoodScout reports show that from 2013 to 2018, home values have risen by 6.43% annually. It is an excellent place to raise a family especially with superb quality of the local school district.. Current Resident: Pickett County is a very small town on the border of TN and KY. My student with learning differences has not just survived school, but has excelled at Currey Ingram. Ensure you dont bid either too high or too low on the house. 3 Niche users give it an average review of 4 stars. Making sure you have inspectors and independent contractors to inspect the house for any major issues can help save you a headache in the long run. Its important to be aware of these issues, as it may cause a headache further down the road after youve purchased the house. Chattanooga, TN-GA; Clarksville, TN-KY Average Retirement Savings: How Do You Compare? Anytime something bad happens in the community, every comes together to show support and helps with any expenses or anything. #5 Counties with the Lowest Cost of Living in Tennessee. Tennessee jobs have increased by 1.8%. Its important to be aware of these issues, as it may cause a headache further down the road after youve purchased the house. When someone is in trouble everyone comes together to help. It is my home. Read 7 reviews. The town has grown bigger and bigger in the last 10 years.. #4 Counties with the Lowest Cost of Living in Tennessee. Cost of Living in Tennessee Cost of Living Tennessee Whether you're planning for an upcoming move or just curious about the cost of living in other cities, the PayScale Cost of. 4 Niche users give it an average review of 2.5 stars. Because the price of goods and services varies from one city to the next, calculating the. Sports is a big part in Henry County. The median home value in Clarksville is around $159,300 and the median rent cost is approximately $950 per month. This may mean helping you run some Tennessee cost of living projections, accompanying you to home inspections, or negotiating closing costs. 2 Niche users give it an average review of 3.5 stars. If you are looking for help on your real estate journey, UpNest is a no-cost service for home sellers and buyers to find the best real estate agents locally. The people here care for one another and are always offering a helping hand. Read 3 reviews. Between 2013 and 2018, home values experienced a 35.6% surge in value. They truly go the extra mile and beyond! In Nashville, the average combined cost of electricity, heating, cooling, water, and garbage disposal bills is $172.18 per month. Johnson Citys been voted the best place to live in Washington County. This means that if you work in Tennessee, your paycheck will be free of taxes other than the federal income taxes and the soon to be abolished (2022) hall tax, which is a tax on dividends and interest. This is not an offer to buy or sell any security or interest. Featured Review: Parent says My son transferred from another private school to Lausanne in the 8th grade. The city also has plenty of outdoor activities, including a 12-mile greenway for walking, running, and biking. There are some negative things in our community such as the unemployment rate but the people and atmosphere out weighs any negative. Often, if the seller is motivated enough to sell the house, they might work with you and include fixes and light renovations as a stipulation in the contract for the sale of the house. There is no obligation to sign up with one of our network Realtors, but when you can potentially save thousands on commission why wouldnt you?