Cost of Living in Tennessee

Living in Tennessee: what the numbers say

Tennessee's headline advantage is that it takes no cut of your paycheck for state income tax — a real boost to take-home pay compared with high-tax states. But "no income tax" rarely means "cheap overall": states without an income tax usually lean on sales and property taxes instead, which hit your budget in less visible ways.

Housing is where Tennessee is won or lost. At a median home price of $336,445 against a median household income of $71,997, homes cost about 4.7× yearly income — within reach for many dual-income households. Use the home and rent calculators below to see what your income supports here.

Day-to-day costs add up too: residential electricity in Tennessee runs about 14.94¢ per kilowatt-hour, one of the recurring bills the cost-of-living tools fold into a realistic monthly budget.

Frequently asked questions

Is Tennessee an expensive state to live in?

It depends on your income and housing situation. Tennessee has no state income tax and a median home price of $336,445. The calculators on this page turn those figures into a number for your specific salary and household.

How much do you need to earn to live comfortably in Tennessee?

That varies with household size, whether you rent or own, and your lifestyle. Start with the Tennessee paycheck calculator to see your take-home pay, then the cost-of-living tools to compare it against local expenses.

Where do these Tennessee numbers come from?

Tax figures come from state and IRS sources, home values from Zillow, income and population from the US Census, and energy prices from the EIA — each shown with its date. See our methodology page for the full list and update schedule.