Cheapest Places to Live in Tennessee

Tennessee, with its vibrant music scene, rich history, and diverse landscapes, offers a range of living experiences. Landmarks such as Graceland, the Great Smoky Mountains, and the Grand Ole Opry highlight the state's attractions. The state's economy is robust and diverse, driven by sectors such as healthcare, manufacturing, and tourism. Tennessee's tax structure is quite favorable, with no state income tax and relatively low property taxes, enhancing the overall affordability for residents. Despite recent inflation and rising food costs, Tennessee remains one of the more affordable states in the southeastern region, especially in its smaller towns and rural areas. The combination of a diverse economy and favorable tax policies makes Tennessee an attractive place for those seeking affordability and quality of life.

Affordable living in Tennessee can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a crucial factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in Tennessee include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Utilizing C2ER's cost of living data helps to identify these affordable regions, ensuring that potential residents can make informed decisions. In a state known for its cultural richness and economic opportunities, finding affordable living options enhances the overall living experience.

La Follette Population: 6,762 10% cheaper than Tennessee average
Med. Home Value: $86,500 Med. Rent: $671 Med. Household Inc.: $36,506
With a cost of living index that is 10% cheaper than the state average, La Follette is the cheapest place to live in Tennessee. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, La Follette provides an inviting and cost-effective environment to call home.
Humboldt Population: 8,145 10% cheaper than Tennessee average
Med. Home Value: $84,600 Med. Rent: $657 Med. Household Inc.: $31,995
The second most affordable city in Tennessee is Humboldt and stands out for its cost-effective lifestyle. With an overall cost of living that is 10% cheaper than the Tennessee average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.
Brownsville Population: 9,497 10% cheaper than Tennessee average
Med. Home Value: $91,100 Med. Rent: $635 Med. Household Inc.: $35,160
Brownsville lands in the #3 spot for the cheapest cities to live in Tennessee, with a cost of living that is 10% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.
Rockwood Population: 5,446 9% cheaper than Tennessee average
Med. Home Value: $95,800 Med. Rent: $645 Med. Household Inc.: $35,607
The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Rockwood offers a picturesque and affordable living environment, with a cost of living that is 9% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .
Harriman Population: 6,144 9% cheaper than Tennessee average
Med. Home Value: $105,600 Med. Rent: $549 Med. Household Inc.: $36,487
For those wanting to live well on a budget, Harriman is ideal, with a cost of living that is 9% cheaper than the state average. Reasonable housing prices (compared to the Tennessee average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.
Ripley Population: 7,852 9% cheaper than Tennessee average
Med. Home Value: $92,200 Med. Rent: $682 Med. Household Inc.: $34,813
Ripley comes in at #6 on our list of the cheapest cities in Tennessee and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 9% cheaper than Tennessee. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.
Dayton Population: 7,357 9% cheaper than Tennessee average
Med. Home Value: $99,300 Med. Rent: $629 Med. Household Inc.: $35,436
With its cost-effective lifestyle, Dayton is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.
Newport Population: 6,865 9% cheaper than Tennessee average
Med. Home Value: $93,400 Med. Rent: $661 Med. Household Inc.: $32,892
A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Newport fits that mold and has a cost of living that is 9% cheaper than Tennessee.
Henderson Population: 6,323 8% cheaper than Tennessee average
Med. Home Value: $95,200 Med. Rent: $712 Med. Household Inc.: $42,722
Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Henderson is one of the most affordable cities in Tennessee, and has a cost of living that is 8% cheaper than the state average.
Bolivar Population: 5,005 8% cheaper than Tennessee average
Med. Home Value: $97,700 Med. Rent: $690 Med. Household Inc.: $32,174
With a cost of living that is 8% cheaper than Tennessee, Bolivar comes in at #10 on our list of the cheapest places to live in Tennessee. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in Tennessee

Rank Location Population COL Index Med. Home Value Med. Household Inc. 
1 La Follette 6,762 80 $86,500 $36,506
2 Humboldt 8,145 80 $84,600 $31,995
3 Brownsville 9,497 81 $91,100 $35,160
4 Rockwood 5,446 81 $95,800 $35,607
5 Harriman 6,144 81 $105,600 $36,487
6 Ripley 7,852 81 $92,200 $34,813
7 Dayton 7,357 81 $99,300 $35,436
8 Newport 6,865 82 $93,400 $32,892
9 Henderson 6,323 82 $95,200 $42,722
10 Bolivar 5,005 82 $97,700 $32,174
11 Paris 10,021 82 $98,700 $33,405
12 Milan 7,642 82 $101,600 $43,300
13 Union City 10,426 82 $107,200 $31,123
14 McKenzie 5,517 82 $99,900 $37,401
15 Sweetwater 5,894 83 $121,400 $38,510
16 Savannah 6,934 83 $115,000 $37,544
17 Bloomingdale 9,428 83 $109,400 $43,864
18 McMinnville 13,707 84 $105,900 $36,337
19 Dunlap 5,159 85 $117,700 $37,880
20 Loudon 5,829 85 $116,800 $46,148
21 Morristown 29,887 85 $119,500 $33,511
22 Pulaski 7,614 85 $105,200 $38,750
23 Covington 8,863 85 $113,800 $34,208
24 Lexington 7,838 85 $128,200 $33,337
25 Lawrenceburg 10,925 85 $109,600 $31,573
26 Martin 10,585 85 $130,600 $33,030
27 Dyersburg 16,371 86 $131,200 $41,724
28 Lafayette 5,239 86 $115,800 $33,133
29 Jefferson City 8,220 86 $133,800 $43,158
30 Memphis 650,910 86 $107,100 $41,864
31 Bristol 26,973 87 $135,800 $42,067
32 Manchester 10,896 87 $138,200 $49,389
33 Greeneville 14,938 87 $147,200 $41,020
34 Hartsville (Trousdale County) 7,970 87 $129,100 $47,667
35 Eagleton Village 5,809 87 $131,600 $55,313
36 Church Hill 6,664 88 $144,600 $58,600
37 Lewisburg 12,150 88 $119,300 $41,988
38 East Ridge 21,187 88 $133,200 $47,811
39 Kingsport 53,699 88 $149,100 $42,066
40 Millington 10,650 88 $119,900 $51,728
41 Alcoa 9,809 88 $145,100 $48,351
42 Lenoir City 9,191 88 $145,300 $45,987
43 Jackson 67,036 89 $138,900 $42,549
44 Knoxville 187,487 89 $142,700 $41,598
45 Mount Carmel 5,297 89 $154,000 $57,111
46 Athens 13,931 89 $156,800 $36,864
47 South Cleveland 7,792 89 $151,800 $54,401
48 Soddy-Daisy 13,510 89 $163,700 $51,192
49 Clinton 10,006 90 $165,800 $50,158
50 Elizabethton 13,568 90 $122,000 $38,007

Methodology

To formulate the list of the cheapest places to live in Tennessee, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.