Tennessee Cost of Living Calculator
Compare Tennessee cost of living (index: 89.7). Calculate equivalent salary needed when moving to or from Tennessee.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Tennessee's cost of living index is 89.7 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Tennessee cost of living index: 89.7. Tennessee is well below the national average in cost of living, making it one of the more affordable states. Tennessee's lack of state income tax provides additional savings for residents. Median household income: $56,071. Median 2BR rent: $1060/month.
Frequently Asked Questions
What is the cost of living in Tennessee?
Tennessee's cost of living index is 89.7, where 100 is the national average. This means living in Tennessee costs about 10% less than the national average.
Is Tennessee expensive to live in?
No, Tennessee is one of the most affordable states in the US. Housing is particularly affordable compared to coastal states. Median home price: $310,000.
How much do I need to earn in Tennessee to live comfortably?
Based on a cost of living index of 89.7 and the 50-30-20 budgeting rule, a comfortable salary in Tennessee would be approximately $38,033/year for a single person renting a 2BR apartment.
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