Tennessee: A Family-Friendly and Affordable State
The Cost of Living in Tennessee
Tennessee is a state with a lot to offer when it comes to families who are looking to settle down. This state offers a reasonable cost of living, a friendly atmosphere, and plenty of activities for families to enjoy. If you are considering making a move to Tennessee, it is important to know how the cost of living compares to other places in the United States.
The cost of living in Tennessee is relatively low when compared to many other states. According to data from the Council for Community and Economic Research, the cost of living in Tennessee is 10% lower than the national average. This means that families can often enjoy a better quality of life while spending less money in this state.
To get a better sense of what it costs to live in Tennessee, we can look at a hypothetical family of two working parents and two children. Let’s assume a combined annual income of $100,000.
Housing costs in Tennessee are among the lowest in the country. For our hypothetical family, they could expect to pay an average of $1,000 to $1,500 per month for a three-bedroom house in a suburban area. This is significantly less than what they would pay in many metropolitan areas across the United States.
Food and other expenses are also relatively inexpensive in Tennessee. On average, a family of four can expect to spend approximately $700 to $1,000 per month on groceries, including both food and non-food items like cleaning supplies and toiletries.
Tennessee’s state sales tax is 7%, which is relatively high compared to some other states. However, there is no state income tax, which helps offset this cost for families. Property taxes are also relatively low in Tennessee, which makes homeownership more manageable for many families.
Family-Friendly Activities and Education
One of the attractive things about living in Tennessee is the range of activities that are available for families. The state is home to a number of national parks and outdoor recreational areas, which offer hiking, camping, fishing, and other outdoor activities. The state is also known for its love of music and culture, and there are plenty of festivals and events throughout the year that are family-friendly.
Tennessee is also an attractive place for families because of the quality of its schools. The state invests heavily in its public education system and has a strong network of colleges and universities. There are also a number of private school options for families who prefer that route.
High-Paying Occupations in Tennessee
Tennessee, also known as the Volunteer State, is well-known for its music, culture, and history. But did you know that it’s also home to several high-paying occupations? According to recent salary data, Tennessee offers some of the most competitive salaries among several occupations.
Among the list of top paying jobs in Tennessee include management occupations, with an estimated annual salary of $121,409.60. This is followed by general and operations managers with an average annual salary of $131,060.80. Computer and information systems managers are projected to earn even more with an expected salary of $138,944.00.
In addition to management positions, several other careers offer excellent pay in Tennessee. Education administrators in postsecondary institutions earn an average wage of $127,566.40, while nurse practitioners take home an outstanding income of $113,000.00 a year on average.
While these salaries may be impressive, it’s essential to look at the cost of living in Tennessee. Although it’s cheaper than the national average, it’s vital to consider that salaries must also match the cost of living in the state.
Despite the high salaries among several occupations, many blue-collar workers in Tennessee don’t meet the state’s income threshold. For example, jobs such as school bus drivers earn a wage of $36,504.00 annually, which is significantly lower than the average salary in the state.
It’s important to recognize that many of these jobs require advanced degrees and years of experience, which could lead to a more prosperous career. However, it’s also crucial to support efforts to help low-income workers thrive in the state.
Conclusion
Overall, Tennessee offers families an attractive mix of affordability, quality of life, and activities. While the cost of living may vary depending on where you live within the state, families looking for a relatively low cost of living and high quality of life should certainly consider Tennessee as a destination.
Despite the income disparity among different occupations, Tennessee also provides competitive salaries for many high-paying jobs. The state’s affordability, combined with its cultural and educational offerings, makes it an excellent place for families to settle down and professionals to advance their careers.
This content was created by www.priceofyou.com/cost-of-living. Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.
