The 10 Most Expensive Places To Live In Tennessee For 2024


The most expensive cities in Tennessee are Brentwood and Thompson’S Station for 2024 based on Saturday Night Science.

Before you decide to relocate to Tennessee, it’s important to research the exact cost of living around the state. And that’s what we’re going to help you do.

These are the places in Tennessee that cost a pretty penny — the most expensive cities in the state.

We used Saturday Night Science to compare the 2018-2022 American Community Survey on cost of living for the 98 places in Tennessee with more than 5,000 people.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Tennessee for 2024.


Table Of Contents: Top Ten | Methodology | Summary | Table


What’s the most expensive place to live in Tennessee? Well, HomeSnacks crunched the numbers and discovered that Brentwood is the most expensive place to live in Tennessee.

La Follette (the cheapest place to live in Tennessee) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Tennessee and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Tennessee For 2024

Brentwood, TN

Source: Wikipedia User Skye Marthaler | CC BY-SA 3.0
Overall SnackAbility

7.5
/10

Population: 44,830
Cost Of Living Index: 148
Median Income: $181,576
Average Home Price: $1,231,379
Home Price To Income Ratio: 6.8x
More on Brentwood: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Brentwood is 148. The median income in Brentwood comes in at $181,576 and the average home value is $1,231,379 for 2024.

Overall SnackAbility

6
/10

Population: 7,426
Cost Of Living Index: 121
Median Income: $116,569
Average Home Price: $737,448
Home Price To Income Ratio: 6.3x
More on Thompson’s Station: Data | Cost Of Living | Real Estate

The overall cost of living in Thompson’s Station is 121. The median income in Thompson’s Station comes in at $116,569 and the average home value is $737,448 for 2024.

Nolensville, TN

Source: Wikipedia User Skye Marthaler | CC BY-SA 3.0
Overall SnackAbility

9.5
/10

Population: 14,444
Cost Of Living Index: 120
Median Income: $158,266
Average Home Price: $772,828
Home Price To Income Ratio: 4.9x
More on Nolensville: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Nolensville is 120. The median income in Nolensville comes in at $158,266 and the average home value is $772,828 for 2024.

Signal Mountain, TN

Source: Wikipedia User Sam Poss | CC BY-SA 4.0
Overall SnackAbility

10
/10

Population: 8,833
Cost Of Living Index: 117
Median Income: $132,639
Average Home Price: $537,026
Home Price To Income Ratio: 4.0x
More on Signal Mountain: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Signal Mountain is 117. The median income in Signal Mountain comes in at $132,639 and the average home value is $537,026 for 2024.

Franklin, TN

Source: Wikipedia User Ichabod | CC BY-SA 3.0
Overall SnackAbility

9
/10

Population: 83,630
Cost Of Living Index: 115
Median Income: $106,592
Average Home Price: $851,106
Home Price To Income Ratio: 8.0x
More on Franklin: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Franklin is 115. The median income in Franklin comes in at $106,592 and the average home value is $851,106 for 2024.

Farragut, TN

Source: Wikipedia User Brian Stansberry | CC BY 3.0
Overall SnackAbility

7.5
/10

Population: 23,795
Cost Of Living Index: 114
Median Income: $135,725
Average Home Price: $639,373
Home Price To Income Ratio: 4.7x
More on Farragut: Data | Cost Of Living | Real Estate

The overall cost of living in Farragut is 114. The median income in Farragut comes in at $135,725 and the average home value is $639,373 for 2024.

Germantown, TN

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 41,094
Cost Of Living Index: 111
Median Income: $140,429
Average Home Price: $477,703
Home Price To Income Ratio: 3.4x
More on Germantown: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Germantown is 111. The median income in Germantown comes in at $140,429 and the average home value is $477,703 for 2024.

Collierville, TN

Source: Wikipedia User DoxTxob | GFDL
Overall SnackAbility

9
/10

Population: 51,170
Cost Of Living Index: 104
Median Income: $129,729
Average Home Price: $496,528
Home Price To Income Ratio: 3.8x
More on Collierville: Data | Crime | Cost Of Living | Real Estate

The overall cost of living in Collierville is 104. The median income in Collierville comes in at $129,729 and the average home value is $496,528 for 2024.

Arlington, TN

Source: Public domain
Overall SnackAbility

6
/10

Population: 14,342
Cost Of Living Index: 104
Median Income: $116,409
Average Home Price: $403,058
Home Price To Income Ratio: 3.5x
More on Arlington: Data | Cost Of Living | Real Estate

The overall cost of living in Arlington is 104. The median income in Arlington comes in at $116,409 and the average home value is $403,058 for 2024.

Lakeland, TN

Source: Public domain
Overall SnackAbility

7
/10

Population: 13,811
Cost Of Living Index: 104
Median Income: $108,206
Average Home Price: $436,028
Home Price To Income Ratio: 4.0x
More on Lakeland: Data | Cost Of Living | Real Estate

The overall cost of living in Lakeland is 104. The median income in Lakeland comes in at $108,206 and the average home value is $436,028 for 2024.

Methodology: How We Determined The Most Expensive Places To Live In The Volunteer State For 2024

Map Of The Cheapest Places To Live In Tennessee
The two most important things to think about when it comes to being able to afford a city in Tennessee are:

  1. How much money do I make?
  2. How much do I have to spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing, it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2018-2022 around incomes and costs. They are:

  • Overall Cost Of Living Index
  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

You can then compare these metrics in each of the places in Tennessee to figure out which is the most expensive.

You are left with a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index to rank all of the 98 places in Tennessee that have more than 5,000 people.

The place with the highest cost of living in Tennessee according to the data is Brentwood. We updated this article for 2024. This article is our tenth time ranking the most expensive places to live in Tennessee.

Summary: Taking A Chunk Out Of Your Paycheck In Tennessee For 2024

Well, there you have it, the places in Tennessee that have the highest cost of living, with Brentwood ranking as the most expensive city in the Volunteer State.

The most expensive cities in Tennessee are Brentwood, Thompson’s Station, Nolensville, Signal Mountain, Franklin, Farragut, Germantown, Collierville, Arlington, and Lakeland.

Here’s a look at the most affordable cities in Tennessee according to the data:

  1. La Follette
  2. Rockwood
  3. Lawrenceburg

For more Tennessee reading, check out:

Most Expensive Cities In Tennessee

Rank City Cost Of Living Population Median Income Average Home Price Home/Income Ratio
1 Brentwood 148 44,830 $181,576 $1,231,379 6.8x
2 Thompson’s Station 121 7,426 $116,569 $737,448 6.3x
3 Nolensville 120 14,444 $158,266 $772,828 4.9x
4 Signal Mountain 117 8,833 $132,639 $537,026 4.0x
5 Franklin 115 83,630 $106,592 $851,106 8.0x
6 Farragut 114 23,795 $135,725 $639,373 4.7x
7 Germantown 111 41,094 $140,429 $477,703 3.4x
8 Collierville 104 51,170 $129,729 $496,528 3.8x
9 Arlington 104 14,342 $116,409 $403,058 3.5x
10 Lakeland 104 13,811 $108,206 $436,028 4.0x
11 Mount Juliet 103 39,525 $108,066 $532,466 4.9x
12 Hendersonville 102 61,589 $86,954 $492,503 5.7x
13 Spring Hill 101 51,319 $104,880 $494,066 4.7x
14 Oakland 98 9,139 $86,433 $339,678 3.9x
15 Murfreesboro 97 153,487 $70,451 $400,303 5.7x
16 Goodlettsville 97 17,500 $64,581 $386,325 6.0x
17 Collegedale 96 11,001 $69,942 $393,856 5.6x
18 Bartlett 95 57,481 $94,603 $323,963 3.4x
19 Lebanon 95 39,562 $63,698 $424,030 6.7x
20 White House 95 13,305 $85,404 $382,688 4.5x
21 Fairview 95 9,519 $82,344 $471,482 5.7x
22 Nashville 94 684,103 $71,328 $428,714 6.0x
23 Johnson City 94 70,720 $53,173 $265,790 5.0x
24 Jonesborough 94 5,891 $68,802 $301,729 4.4x
25 Smyrna 93 53,760 $76,115 $383,291 5.0x
26 Atoka 93 10,070 $87,928 $333,000 3.8x
27 Chattanooga 92 181,288 $57,703 $294,487 5.1x
28 Clarksville 92 167,882 $62,688 $298,690 4.8x
29 Gallatin 92 44,947 $68,548 $421,419 6.1x
30 Millersville 92 5,818 $67,445 $315,668 4.7x
31 La Vergne 91 38,553 $77,531 $335,140 4.3x
32 Cookeville 91 34,967 $48,094 $295,584 6.1x
33 Maryville 91 31,876 $74,610 $356,939 4.8x
34 Pigeon Forge 91 6,345 $53,380 $464,290 8.7x
35 Elizabethton 90 14,375 $44,252 $207,286 4.7x
36 Greenbrier 90 6,954 $94,280 $363,695 3.9x
37 Jackson 89 67,993 $48,058 $214,290 4.5x
38 Oak Ridge 89 31,535 $67,152 $283,423 4.2x
39 Tullahoma 89 21,107 $56,771 $264,990 4.7x
40 Springfield 89 18,775 $55,392 $311,432 5.6x
41 Munford 89 6,357 $89,397 $264,122 3.0x
42 Cleveland 88 47,725 $52,468 $280,069 5.3x
43 Dickson 88 16,051 $65,244 $315,729 4.8x
44 Athens 88 14,091 $50,150 $236,668 4.7x
45 Winchester 88 9,450 $58,054 $314,326 5.4x
46 Morristown 87 30,574 $39,547 $232,083 5.9x
47 East Ridge 87 22,040 $53,103 $241,145 4.5x
48 Sevierville 87 17,986 $49,449 $374,979 7.6x
49 Soddy-Daisy 87 13,091 $64,119 $322,092 5.0x
50 Red Bank 87 11,919 $59,027 $287,926 4.9x
51 Jefferson City 87 8,391 $48,212 $270,307 5.6x
52 Erwin 87 6,026 $40,670 $200,144 4.9x
53 Mount Carmel 87 5,486 $64,971 $238,849 3.7x
54 Kingsport 86 55,415 $48,228 $230,055 4.8x
55 Columbia 86 42,474 $58,110 $347,595 6.0x
56 Greeneville 86 15,458 $46,473 $212,344 4.6x
57 Portland 86 13,177 $68,315 $306,039 4.5x
58 Manchester 86 12,325 $53,639 $296,307 5.5x
59 Crossville 86 12,099 $44,375 $287,358 6.5x
60 Alcoa 86 11,095 $63,580 $283,927 4.5x
61 Clinton 86 10,060 $63,706 $291,859 4.6x
62 Fayetteville 86 7,026 $45,391 $228,303 5.0x
63 Church Hill 86 7,016 $65,518 $231,699 3.5x
64 Kingston 86 5,987 $67,637 $308,377 4.6x
65 Shelbyville 85 23,676 $50,694 $285,526 5.6x
66 Millington 85 10,558 $49,543 $226,046 4.6x
67 Dayton 85 7,139 $54,511 $229,513 4.2x
68 Lafayette 85 5,555 $40,240 $247,931 6.2x
69 Ashland City 85 5,213 $69,974 $320,987 4.6x
70 Bristol 84 27,307 $49,130 $208,878 4.3x
71 Lewisburg 84 12,376 $45,938 $279,150 6.1x
72 Martin 84 10,823 $38,235 $190,865 5.0x
73 Lenoir City 84 10,291 $53,100 $368,722 6.9x
74 Milan 84 8,165 $42,909 $166,736 3.9x
75 Henderson 84 6,326 $44,077 $157,637 3.6x
76 Dunlap 84 5,443 $42,188 $224,978 5.3x
77 Dyersburg 83 16,170 $50,550 $148,257 2.9x
78 McMinnville 83 13,756 $42,130 $232,009 5.5x
79 Knoxville 82 191,857 $48,309 $339,691 7.0x
80 Paris 82 10,311 $39,378 $182,391 4.6x
81 Ripley 82 7,794 $39,454 $136,891 3.5x
82 Newport 82 6,850 $35,784 $197,359 5.5x
83 Sweetwater 82 6,310 $38,750 $235,894 6.1x
84 Union City 81 11,068 $42,620 $144,891 3.4x
85 Brownsville 81 9,739 $38,662 $151,683 3.9x
86 Covington 81 8,644 $44,384 $175,849 4.0x
87 Pulaski 81 8,301 $41,585 $234,571 5.6x
88 Lexington 81 7,927 $45,877 $191,622 4.2x
89 Savannah 81 7,206 $40,200 $171,551 4.3x
90 McKenzie 81 5,608 $38,628 $169,167 4.4x
91 Bolivar 81 5,197 $36,348 $135,889 3.7x
92 Memphis 80 630,027 $48,090 $144,868 3.0x
93 Humboldt 80 7,851 $40,299 $147,035 3.6x
94 Harriman 80 6,000 $45,458 $213,706 4.7x
95 Madisonville 80 5,120 $40,769 $257,114 6.3x
96 Lawrenceburg 78 11,592 $37,644 $219,030 5.8x
97 Rockwood 77 5,468 $43,309 $211,898 4.9x
98 La Follette 75 7,349 $35,705 $143,885 4.0x
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.