Building your home

The 10 Best Places to Live in Tennessee

Are you dreaming of becoming Nashville’s next big music star, or perhaps longing to savor some finger-licking barbecue? Tennessee, with its zero state income tax, short winters, stunning landscapes, and vibrant cities, might just be the place for you!

In this guide, we’ve compiled a list of the ten best places to live in Tennessee, drawing inspiration from factors like quality of life, housing options, job market, desirability, and net migration. While “best places” lists are subjective, this guide aims to provide you with valuable insights to help you make an informed decision about where to live in Tennessee.

1. Nashville

Nashville, often hailed as the heart of Tennessee, boasts a lively atmosphere that’s perfect for music enthusiasts and city lovers alike. From the bustling Broadway strip with its endless live music to the possibility of bumping into music industry giants, Nashville offers an unparalleled experience. For sports fans, cheering for the Titans at Nissan Stadium or catching a Predators game at Bridgestone Arena is a must. Nashville’s Centennial Park is a tranquil escape for those seeking a peaceful weekend.

  • Metro Area Population: 1.9 million
  • Median Household Income: $70,262
  • Median Monthly Rent: $1,457
  • Median Home Price: $459,900
  • Average Annual Rainfall: 52″
READ ALSO:   Best Places to Live in South Carolina

2. Franklin

For those seeking a quieter, more historic ambiance, Franklin is the perfect choice. Located just a short drive from Nashville, Franklin offers a charming, small-town atmosphere where Main Street is lined with quaint boutiques, bakeries, and cafes.

  • Median Household Income: $112,962
  • Median Monthly Rent: $1,856
  • Median Home Price: $1.3 million

3. Murfreesboro

Murfreesboro, southeast of Nashville, offers a blend of history and affordability. Known for its Civil War heritage, residents can explore sites like Stones River National Battlefield and Oaklands Mansion. Home to Middle Tennessee State University, Murfreesboro provides an accessible option for those wishing to be near Nashville.

  • Median Household Income: $67,429
  • Median Monthly Rent: $1,452
  • Median Home Price: $438,563

4. Clarksville

Situated northwest of Nashville near the Kentucky border, Clarksville is a fantastic option for those who appreciate outdoor spaces. With attractions like McGregor Park and the Cumberland RiverWalk, it’s an ideal place for nature enthusiasts and history buffs alike.

  • Median Household Income: $53,604
  • Median Monthly Rent: $1,290
  • Median Home Price: $326,950

5. Knoxville

Home to the University of Tennessee, Knoxville is a vibrant city with a strong sense of community spirit. Game days at Neyland Stadium are an experience in themselves, and the historic World’s Fair Park offers a unique blend of history and entertainment.

  • Metro Area Population: 869,525
  • Median Household Income: $56,623
  • Median Monthly Rent: $1,235
  • Median Home Price: $337,450
  • Average Annual Rainfall: 50″
READ ALSO:   Existing-home sales keep falling, while prices keep rising

6. Pigeon Forge / Gatlinburg

Located southeast of Knoxville, Pigeon Forge and Gatlinburg are nestled in Sevier County, acting as gateways to the Great Smoky Mountains National Park. Outdoor enthusiasts will revel in the breathtaking views and endless trails.

  • Median Household Income: $49,610
  • Median Monthly Rent: $791
  • Median Home Price: $674,500

7. Oak Ridge

West of Knoxville, Oak Ridge is rich in history, known for its role in the Manhattan Project during WWII. Museums like the American Museum of Science and Energy provide a glimpse into this technological past.

  • Median Household Income: $55,230
  • Median Monthly Rent: $806
  • Median Home Price: $155,800

8. Chattanooga

Nestled in southeastern Tennessee, Chattanooga offers a stunning landscape and a plethora of outdoor adventures. From white water rafting to hiking trails, there’s something for every nature lover.

  • Metro Area Population: 566,153
  • Median Household Income: $55,366
  • Median Monthly Rent: $1,158
  • Median Home Price: $337,450
  • Average Annual Rainfall: 52″

9. Memphis

In the southwest corner of Tennessee, Memphis is the birthplace of rock ‘n’ roll and home to Elvis Presley’s Graceland Mansion. Beale Street offers a vibrant nightlife with live music, while sports enthusiasts can catch a Grizzlies game at the FedExForum arena.

  • Metro Area Population: 1.3 million
  • Median Household Income: $54,859
  • Median Monthly Rent: $1,182
  • Median Home Price: $242,500
  • Average Annual Rainfall: 50″
READ ALSO:   Building a House in Los Angeles

10. Germantown

A southeast suburb of Memphis, Germantown boasts a variety of activities, from theater productions to sprawling parks. Shelby Farms Park, with its 4,500 acres, is perfect for active families.

  • Median Household Income: $51,657
  • Median Monthly Rent: $1,169
  • Median Home Price: $179,950

Is Tennessee an Affordable Place to Live?

To determine if you can afford to live in Tennessee, consider the cost of housing. Abide by the 25% rule—ensure that your monthly housing expenses don’t exceed 25% of your take-home pay. This includes mortgage, property taxes, insurance, and other related expenses. Utilize our mortgage calculator to fine-tune your budget.

In conclusion

Tennessee offers a diverse range of cities, each with its unique charm and lifestyle. Whether you’re drawn to the music scene of Nashville, the historic allure of Franklin, or the outdoor adventures of Chattanooga, Tennessee has something for everyone. Remember, the best place to live ultimately depends on your preferences, lifestyle, and budget.

Back to top button