Tennessee
Wage: $52,820 ($25.39/hr)
Home Price: $304,617
Rent: $1,465/mo
Overview
Overview of Tennessee
Homes in Tennessee are around the national average in price at $304,617, and a dollar goes a bit further than average ($110.30 value). Tennessee has a somewhat high property crime rate of 23.02 incidents per 1,000 people.
Curious what your salary would look like after taxes in Tennessee? Try our free tax calculators.
Compared to the national average, Tennessee the difference in median home prices is -12.42% – positive being higher than the national average, negative being lower. The difference in the value of $100 is 6.77% – positive meaning you can buy more with $100, negative meaning less.
Average rent disparity compared to the national average is -8.36% and property crime is 21.70%.
Counties
Shelby, Davidson, Knox
Zip Codes
37203, 37914, 38103
Popular Metro Area
Nashville-Davidson
Most Populated City
Nashville
Median Home Price
$304,617
Value of $100
$110.3
Average Monthly Rent
$1,465
Property Crime Per 1000
23.02
Cost of Living
Cost of Living in Tennessee
The average monthly cost of living expenses in Tennessee including: energy, internet, phone bills and miscellaneous expenses.
Total Utilities Cost Per Month
$431
Energy Bill
$130.98
Monthly Water Bill
$43
Monthly Internet
$30
Natural Gas (Utilities)
$66
Monthly Phone Bill
$114
Streaming Services
$47.50
Tired of High Taxes & Living Costs?
We’ll find your perfect location where you can save $1,000 or more on living expenses and taxes. Answer a few questions & get expert insights in as little as 24 hours
Crime
Crime in Tennessee
Typical crime rates in Tennessee including: Crime Rate Per 100k Residents, Violent Crime Per 100k Residents, and Non-Violent Crime Per 100k Residents.
Population
6,910,840
Crime Rate Per 100k Residents
5658.30
Violent Crime Per 100k Residents
672.70
Non-Violent Crime Per 100k Residents
4985.6
Jobs
Jobs in Tennessee
Key job metrics including: Unemployment Rate, Average Wage, and Labor Force Participation.
Job Growth Rate (%)
0.15
Unemployment Rate (%)
3.32
Job Openings Level
209,000
Annual Average Wage
$52,820
Hourly Average Wage
$25.39
Labor Force Participation (%)
59.6
Taxes
Taxes in Tennessee
Tax rates including: state, local, and combined sales tax rate.
State Sales Tax
7%
Average Local Sales Tax
3%
Combined Sales Tax Rate
10%
Our cost of living database is in beta. Found an error? Let us know →
References
We use original research, government sources, and trusted private organizations such as the U.S. Census Bureau, American Community Survey, Zillow, RentCafe, Tax Foundation, Forbes Advisor, Forbes Home, NCSL, U.S. Bureau of Labor Statistics, and the Federal Bureau of Investigation.
