From the Appalachian Mountains in the east to the Mississippi River in the west, Tennessee is rife with natural beauty, history, and culture. All this practically guarantees your life here will always be a remarkable experience. Whether you’ve already decided to move here or are still on the fence about it, here are some things you need to know about living in the Volunteer State.
Your Dollar Will Go Really Far
The cost of living index in Tennessee is 87.60, way below the US average of 100. According to the Council for Community and Economic Research, the state ranked third for lowest cost of living. The state ranked third in the country for the lowest cost of living. You’ll definitely get more value for your money here.
The housing component accounts for the biggest difference (73). Housing in Knoxville, in particular, is a very impressive 63. In 2017, residential properties in the city cost an average of $147,820, a bargain compared to the nationwide average of $211,704. Other spending areas in Knoxville have a rating below 100, such as groceries (89), healthcare (94), utilities (93), and transportation (84).
Zero Income Tax
While Tennessee’s average household income of $48,547 (as of 2016, the latest year for which complete data is available) is lower than the median household US income of $73,298 (as of 2014, the latest year for which complete data is available), the state doesn’t charge any income tax. Combine that with the low cost of living and you can certainly enhance your lifestyle. Whether you decide to live in Knoxville or anywhere else in the state.
Tennessee’s pleasant weather draws tourists in droves. In Knoxville, the temperatures can be perfect. The city is shielded from the cold winter winds of the north by the Cumberland Mountains. Knoxville is also protected from the hot summer temperatures of the south by the Smokies. Spring and autumn are the most pleasant seasons in Knoxville and the rest of Tennessee.
A Booming Job Market
Knoxville and other Tennessee cities’ positive job growth prospects have been attracting a lot of attention. According to Sperling’s Best Places, job availability in Tennessee over the next ten years is going to be 37.69 percent. Whether you want to further your career or start a business, you’ll find plenty of opportunities here.
An Overall High Quality of Life
Good schools, plenty of career opportunities, and a recreational scene are a few reasons that make Tennessee living great. Outstanding healthcare, low crime rates, affordable housing, and its inherent natural beauty add to the state’s allure.
If it’s a high quality of life you’re looking for, we invite you to get to know Tennessee, and Knoxville in particular, which is ranked #61 on US News & World Report’s list of Top 100 Best Places to Live and #65 on its Best Places to Retire list. Tennessee living equals a high quality of life.
Ready to make your move to Knoxville? The Goswitz Team at eXp Realty has helped many families and individuals find their dream home in Knoxville, Tennessee. Call 865-588-1234 or send an email to [mail_to email=”frank@Goswitz.com”]frank@Goswitz.com[/mail_to] today.