Reasons You Should Move to Tennessee This Year | Living in Tennessee | Moving to Tennessee 2024
If you're considering living in the United States's southern part, you might want to check out Tennessee. This place is pretty cool because it's got a bit of everything – awesome nature, a lot of history, and a lively culture. People around here are super friendly and love to make new friends. So, whether you're looking for a fresh start or exciting chances, Tennessee's got you covered.
Affordable Cost of Living
Alright, let's talk about money for a second! Tennessee has a low cost of living compared to other states in the Southeast. According to Best places, the state's cost of living index is 10% below the national average. The big money-saver here is housing. Renting or buying a house is about 20% cheaper than what you'd find in other parts of the country. The median home price here is just $277,400, while it's a heftier $338,100 on average across the US.
Job Opportunities
Tennessee is bustling with job opportunities, especially in healthcare, manufacturing, and technology. You'll find a thriving job market, especially in cities like Nashville, Memphis, and Knoxville. As of June 2023, the state's unemployment rate was just 3.20%, 9% lower than in January 2023.
Low Taxes
It is one of seven states that does not have a state income tax. This means that you will keep more of your hard-earned money. Moreover, its property tax rate is 0.75%, which is significantly lower than the national average of 1.07%; the median property tax paid in Tennessee is $1,317, which is about half the national average.
Strong economy
In 2022, Tennessee's economy was on fire. The state's real gross domestic product (GDP) hit a whopping $476 billion, which is pretty impressive. It grew by about 4.3% in just one year, faster than the overall growth of the entire United States. Because of this exponential growth, the US News and World Report ranked the state at 3rd place in highest GDP growth and 12th place in Economy Category.
Education
The state is committed to education, with a growing number of top-rated public and private schools. It has invested heavily in STEM education and became one of the leading states in the country for it. The state's average Debt at Graduation is $55,852 as compared to the national average of $89,300. The state also has the 10th highest High School Graduation Rate of 90.4%.
Healthcare
Tennessee is a hub for healthcare, with the renowned Vanderbilt University Medical Center in Nashville consistently ranked among the best hospitals in the nation. The state's healthcare infrastructure ensures access to quality medical care and a variety of specialists. In terms of Medicare Quality, it has been ranked at 1st place by US News and World Report. The state has an obesity rate of 35.1%, slightly above the national average of 33.7%.
Natural Environment & Beauty
The state has a mild climate and enjoys four pleasant distinct seasons. Winters are mild, and summers are warm, making it an ideal place for outdoor activities year-round. The state experiences less extreme weather compared to many other regions in the U.S. With a Drinking Water Violation Point of 0.27 per 100K residents, the state has been ranked in 3rd place in the Drinking Water Quality category by US News and World Report.
Great Infrastructure
If you are considering moving to Tennessee, the infrastructure should be a factor in your decision. The state has a well-developed transportation system that makes it easy to get around; only 5.4% of the roads in the state are in poor condition and need repairs compared to the national average of 19%; this helped the state get the 1st place in Road Quality and 11th place in Bridge quality category.
Cultural Diversity
The state has a diverse mix of cities and towns, from small towns to large urban areas. There is something for everyone in Tennessee, no matter what your lifestyle or interests are. Its cultural scene is diverse and welcoming. Memphis, known for its soul and blues music, has a thriving arts community. Nashville offers a mix of cultural events, including art galleries and theater productions. The state's diversity is celebrated through various festivals and events throughout the year.
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