A wise sage once said:
“She works hard for the money…”
And these places in Tennessee definitely treat her right.
You see, these are the places in Tennessee where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Volunteer State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 92 largest places in Tennessee, we were left with this set of the best value for your money.
- La Follette (Photos | Homes For Sale)
- Harriman (Photos | Homes For Sale)
- Rockwood (Photos | Homes For Sale)
- Sweetwater (Photos | Homes For Sale)
- Athens (Photos | Homes For Sale)
- Dayton (Photos | Homes For Sale)
- Covington (Photos | Homes For Sale)
- Lenoir City (Photos | Homes For Sale)
- Loudon (Photos | Homes For Sale)
- Memphis (Photos | Homes For Sale)
So listen up Tullahoma (the most expensive place in Tennessee) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Tennessee and the cheapest places in the country:
How We Determined The Cheapest Places To Live In The Volunteer State For 2018
There are basic necessities that you have to buy no matter where in the country you live. Those things include:
- Health Insurance
You can then compare the cost of these things in each of the places in Tennessee to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” that normalizes to 100 for an average place in the United States.
So we used that cost of living index in order to rank all of the 92 places in Tennessee that have more than 5,000 people.
And just so you can better understand how the cost of living index works, 100 is the average cost of a place in the United States. A score of 90 means that the place cost 10% less than average. A score of 90 means it’s 10% less expensive.
San Francisco has a score of 243 meaning it’s almost 2.5 times as expensive as the average place in the country.
LaFollette is a city in Campbell County, Tennessee, United States. Its population was 7,456 at the 2010 census, with an estimated population in 2014 of 7,131. It is the principal city of the LaFollette, Tennessee Micropolitan Statistical Area, which includes all of Campbell County, and is a component of the Knoxville-Sevierville-La Follette Combined Statistical Area. While the city’s official spelling is one word -after its founders, Harvey Marion LaFollette and his younger brother Grant LaFollette-several federal agencies spell the city’s name with two words.
Harriman is a city located primarily in Roane County, Tennessee, with a small extension into Morgan County. The population of Harriman was 6,350 at the 2010 census.
Rockwood is a city in Roane County, Tennessee, United States. Its population was 5,562 at the 2010 census. It is included in the Harriman, Tennessee Micropolitan Statistical Area.
Sweetwater is a city in Monroe and McMinn counties in the U.S. state of Tennessee, and the most populous city in Monroe County. The population was 5,586 at the 2000 census and 5,764 at the 2010 census. Sweetwater is the home of the Craighead Caverns which contains the Lost Sea, the United States’ largest underground lake.
Athens is a city in McMinn County, Tennessee, United States. It is the county seat of McMinn County and the principal city of the Athens Micropolitan Statistical Area, which is part of the larger Chattanooga-Cleveland-Athens Combined Statistical Area. The population was 13,220 at the 2000 census and 13,458 at the 2010 census.
Dayton is a city and county seat in Rhea County, Tennessee, United States. As of the 2010 census, the city population was 7,191. The Dayton Urban Cluster, which includes developed areas adjacent to the city and extends south to Graysville, had 10,174 people in 2010.
Covington is a city in central Tipton County, Tennessee, United States. Covington is the largest city and county seat of Tipton County. The city is located in West Tennessee, 12mi east of the Mississippi River. The city’s population was 9,038 at the time of the 2010 U.S. Census. Located 42mi northeast of Memphis, Covington is part of the Memphis, Tennessee Metropolitan Area.
Lenoir City is a city in Loudon County, Tennessee, United States. The population was 6,418 at the 2000 census and the population rose to 8,642 as of 2010. It is included in the Knoxville Metropolitan Area in the state’s eastern region, along the Tennessee River southwest of Knoxville. Fort Loudoun Dam is nearby.
Loudon is a city in and the county seat of Loudon County, Tennessee, United States. Its population was 4,476 at the 2000 census. It is included in the Knoxville, Tennessee Metropolitan Statistical Area. The city is located in eastern Tennessee, southwest of Knoxville, on the Tennessee River. Fort Loudoun, the colonial era fort for which the city was named, is located several miles to the south in Monroe County.
Memphis is a city in the southwestern corner of the U.S. state of Tennessee and the county seat of Shelby County. The city is located on the fourth Chickasaw Bluff, south of the confluence of the Wolf and Mississippi rivers.
There You Have It Mr. Or Mrs. Tennessee Cheapskate
If you’re looking at the cost of living numbers in Tennessee, this is an accurate list of the cheapest places to call home.
Here’s a look at the most expensive cities in Tennessee according to the data:
For more Tennessee reading, check out:
- These Are The 10 Richest Cities In Tennessee
- These Are The 10 Best Places To Retire In Tennessee For 2018
- These Are The 10 Best Counties To Live In Tennessee
Detailed List Of The Cheapest Places In Tennessee