When you're retiring, one area you might consider is The Volunteer State, Tennessee. Tennessee is known for many things, including its mountains, country music, and southern hospitality. You get all four seasons with Tennessee, but they are pretty mild. So if you're looking for a place to retire, Tennessee might be just what you need. Whether you're donning a cowboy hat in Nashville or want to be left alone in a rural town, there's a place for you in Tennessee. Best of all, the state has an affordable cost of living. In the next section, we'll discuss the state's living costs.
Tennessee has an affordable cost of living, being a little below 11 points the national average. In all aspects, including rent, Tennessee is cheaper than other states. The best example of this is its housing, over 20 points below the national average. The median home cost is a whopping $100K less than the average. Transportation is also affordable in Tennessee, allowing you to travel the state without paying too much. Overall, we believe that this state is one that you might want to retire to because of these facts. You can enjoy the retirement you deserve when you visit this state.
| COST OF LIVING | Tennessee | United States |
|---|---|---|
| Overall | 88.7 | 100 |
| Grocery | 93 | 100 |
| Housing | 79.4 | 100 |
| Median Home Cost | $167,200 | $291,700 |
| Utilities | 91.7 | 100 |
| Transportation | 86 | 100 |
| Miscellaneous | 92.9 | 100 |
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