Seeking an adequate job with affordable living space in a culturally rich environment, then moving to Tennessee would be the best option. Moving to Nashville would be the dream of many younger adults as the city offers a wide range of job opportunities with a friendly environment.
Relocating will always bring a blend of excitement and uncertainty, choosing this vibrant scenic State is not an exception to it. Before making a decision to relocate, you should be aware of all the pros and cons of moving to Tennessee.
This blog briefs the pros and cons of moving to Tennessee in detail, this will let you evaluate the question “Whether I should move to Tennessee?
The first question that comes to mind is ‘What Are The Major Cities In Tennessee?’
If you are looking to relocate to Tennessee, here are the lists of key cities you can choose from.
- Nashville: The capital city is one of the Best Places to relocate.
- Franklin: A city located in Middle Tennessee enriched in musical heritage.
- Brentwood: A city located in Middle Tennessee is the Home to the University of Tennessee.
- East Nashville: Nestled in the Appalachian Mountains is a fantastic neighborhood city located in Nashville.
- Bellevue: Fast-growing city with a mix of history, shopping, and educational institutions like Middle Tennessee State University.
Let’s Explore Some History Of Tennessee
The name Tennessee comes from “Tanasi,” a Cherokee town in the eastern part of the state that existed before the first European American settlement.
Apart from that, some key events and periods in Tennessee’s history are
- European Exploration (1540-1541).
- Statehood before its admission to the Union as the 16th state on June 1, 1796.
- During the Civil War, Tennessee was the last state to secede from the Union and the first to be readmitted.
You might be wondering ‘What Is Tennessee Known For?’ So, here is your answer.
Tennessee offers stunning mountain ranges, such as the highly popular Great Smoky Mountains National Park. Tennessee has the nicest Neighborhoods, particularly in the mountain towns near the Great Smoky Mountains National Park. The State is highly popular for friendly Nashville Communities.
For a serene Smoky Mountain retreat, you can also visit charming towns like Gatlinburg, Pigeon Forge, Sevierville, and Asheville in Tennessee, Nashville Suburbs, and North Carolina. If you’re looking for the perfect mountain living experience, Wears Valley is highly recommended.
Thinking about Living Cost in Tennessee, Let’s unveil How’s The Cost Of Living In Tennessee?
If you are thinking about moving to an affordable State for living a monthly budget lifestyle, well Tennessee would be the place for you.
The cost of living in Tennessee is about 10% lower than the national average. The average monthly income of Tennessee falls around $53,000 and the people of Tennessee meet both ends easily.
However, the cost of living in Tennessee State differs according to the city you choose to live in.
- Tennessee City With Low Cost of Living: Kingsport, Kingston, and Cleveland are the low-cost cities in Tennessee State with 17% lower than the national average cost of living.
- Tennessee City With High Cost of Living: Nashville, Springfield, and Johnson City are the high-cost cities in Tennessee State with just a 2% lower than the national average cost of living.
Moving Further, Let’s check The Economy In Tennessee
The statistical report released by USA FACTS shows Tennessee ranks 16th in terms of economy among the States.
- Pros of Tennessee’s economy: The state has 4.3% real GDP growth, a lower unemployment rate, a vast job market, and so on.
- Cons of Tennessee’s economy: The State implements corporate income tax which is not affordable for businesses.
Is Tennessee’s job market thriving for healthier career opportunities?
Tennessee’s job market is thriving, and Nashville has been recognized as the top job market in the United States. The city’s flourishing tourism industry and affordable cost of living have contributed to a high rate of workforce participation, meaning many residents are either employed or actively seeking employment.
Aside from Nashville, other cities in Tennessee also boast strong job markets including Memphis. If you’re moving To Tennessee, it would be beneficial to explore the state’s in-demand occupations and labor market from various online portals.
Evaluating the State of Education in Tennessee: A Closer Look at Schools
Schools in Tennessee are among the fastest-improving throughout the country. Here are the lists of schools that are operating successfully in the state.
- Top school districts in Tennessee: Maryville City Schools, Johnson City Schools, and Williamson County Schools are the top 3 Best School districts in Tennessee.
- Top public schools in Tennessee: Hume-Fogg Academic Magnet School, Ravenwood High School, and Central Magnet School are the top 3 Best Public Schools in Tennessee.
- Top private schools in Tennessee: University School of Nashville, St. Mary’s Episcopal School, and Lausanne Collegiate School are the top 3 Best Private Schools in Tennessee.
How Is The Real Estate Market In Tennessee?
The Tennessee real estate market has experienced fluctuations in home prices and sales volume. While prices have decreased compared to last year, certain cities have seen significant growth in sales prices.
Home prices in Tennessee were down 3.1% year-over-year in April 2023. However, certain cities have seen significant growth in sales prices.
Overall, the Real Estate Market In Tennessee is warming up, yet risks exist as the potential interest rate hikes.
Is finding an affordable home a challenge when exploring Tennessee? Explore the affordable Home.
Homes in Tennessee can vary in price depending on the location and market conditions. The majority of the state is in rural areas with lower housing costs, cities like Nashville have higher housing costs.
- Affordable Homes: There are Homes for Sale Under 200k in Tennessee, providing more affordable options for buyers
- Nashville Property: Nashville, being a popular city, has experienced a surge in population, leading to more expensive housing. However, there are still properties for sale within different price ranges, including those under $250,0003.
- Fluctuations in the Market: The Tennessee housing market has seen fluctuations in recent times. In April 2023, home prices in the state were down 3.1% compared to the last year, with a median price of $360,000.
- Competitive Market: In some areas, such as Knoxville, homes are selling for over the asking price due to high demand and competition from out-of-state cash buyers
While there are some affordable Nashville Property for Sale, especially in cities like Nashville, can be competitive and prices can vary depending on location and market conditions.
Tennessee Property Tax Unveiled: The extent of property taxes in Tennessee
Property taxes in Tennessee, specifically in Nashville, are calculated based on the assessed value of the property. In Nashville, the assessed value of residential and commercial properties is typically set at 25% of their appraised value. Based upon this assessment, the average property taxes paid in Nashville in 2018 were $2,835, which shows approximately 2.6% of the assessed value of the home. For instance, if a home is valued at $200,000, the property taxes would amount to $5,400 per year.
It is necessary to note that property tax rates can vary depending on the location within Tennessee. While Nashville Tennessee Real Estate has some of the lowest property taxes in the U.S., rates may differ across different cities and counties.
Moving To Tennessee Pros And Cons
Thinking about moving to Tennessee, well consider these pros and cons of living in the city, Tennessee which boasts excellent culture and beautiful scenery for its residents.
Top 5 Pros for moving to Tennessee
- Low property taxes: When compared with all other top states, Tennessee is the most affordable state where residents can easily buy a home and also state’s property taxes are the 15th lowest in the country.
- No state income tax: Residents of Tennessee will increase their earnings quicker as there is no state income tax. Yes! You heard it right; it is one of the 9 states without having a state income tax.
- Low cost of living: Tennessee is one of the affordable states that allows its residents to live under the budget. The cost of living in Tennessee State is low and it is the 6th cheapest city to live in.
- Tennessee Mountains and Lakes: Tennessee is one of the states with scenic mountains and lakes that allow its residents to have enjoyable outdoor activities. If you are a natural lover, then Tennessee is the best place for you.
- Mild climate: Living in Tennessee would be great for people who don’t like freezing temperatures or snow. The State has a mild climate which is suitable for outdoor activity in winter.
Top 5 Cons of moving to Tennessee
- Country music: The city has a strong country music culture, unless you are a fan of country music you will be spoiled for choosing Tennessee to live.
- Cost of living is rising: As the city gains popularity all over the country, people are moving towards Tennessee and it leads to a rise in the cost of living.
- Landlocked state: Though the state offers scenic natural beauty, yet is a landlocked state without being connected with any oceans or coastlines.
- Humid climate: Tennessee may have mild winter but that doesn’t mean it will be the same in summer. The max temperature may rise up to 90F.
- Slow to change: The state does not have a very good infrastructure, so new residents find it hard to mingle with the community.
Is Moving To Tennessee A Good Idea?
It doesn’t matter whether you are planning to move in as a family or a bachelor to Tennessee, moving to Tennessee in 2023 is a fantastic decision. As the New Construction Homes Nashville, TN is under 300k, these days professionals prefer Tennessee State as their new relocating spot.
If we weigh all those above-mentioned pros and cons of Tennessee the State stands out to be more than just a place for a family to live. Here are some stats that show a good sign to move to Tennessee with your family.
As the violent crime rate continues to drop year by year, Tennessee shows a good sign of being a safe place to live. However, the safety of living in Tennessee depends upon where you choose to live. Each and every city has its own crime rate, so it is wise for new residents to pick a safe city to move in.
- Safest places to live in Tennessee: According to the reports published by SafeWiseteam, Nolensville, Oakland, and Millersville are the top 3 safest places to live in Tennessee.
- Most dangerous places to live in Tennessee: According to the reports published by Property Club, Dyersburg, Memphis, and Chattanooga are the top 3 most dangerous places to live in Tennessee.
Here are the few aspects of the State of Tennessee, which you want to know
List of the best places to live in Tennessee for young professionals:
List of the best places to live in Tennessee for families:
- Spring Hill
- Mount Juliet
List of the best places to live in Tennessee for retirees:
- Tellico Lake
- Kingston Springs
- Oak Hill
To Move or Not: Is Relocating to California from Tennessee A Wise Choice?
Making a decision to Move from California to Nashville, TN, is purely related to personal needs. However, if you are about to relocate from California consider Nashville, TN. Nashville Featured Communities has wonderful and unique neighborhoods.
Given below are a few more additional factors to consider:
- Cost of Living: Affordable cost of living compared with California.
- Taxes: With no state income tax employees will have a significant advantage in saving money.
- Quality of Life: Tennessee offers a rich culture, natural beauty, and a vibrant music scene, especially in cities like Nashville.
- Proximity to Amenities:Despite the move to a more rural or suburban lifestyle, Tennessee still offers access to amenities and major retailers, making it a good balance between country living and convenience.
Let’s Wrap It Up
There is no doubt that Tennessee State is a great place for people to relocate their families. It is a vibrant urban State with an affordable cost of living. Employees can enjoy an income tax rule which plays a key role in boosting their family wealth. Consider doing research on finding the right city or town in Tennessee that suits you well before moving to Tennessee.