Thinking of moving to Tennessee? You can head to a vibrant city like Memphis or Nashville, or opt for a quiet life in the Appalachian Mountains. Tennessee offers a rich culture, natural beauty and a low cost of living. Are you convinced? Here are 15 things to know before moving to Tennessee. Consider working with a financial advisor as you make decisions about where to move and when to move.
1. It’s best if you don’t move to Tennessee in the summer.
Summers in Tennessee are hot and humid. If you’re planning on moving to Tennessee, it’s probably best if you don’t make that move in the summer months. The average high temperature in Tennessee in July is a whopping 92 degrees, and the humidity can make it feel even hotter.
2. Tennessee doesn’t tax personal income.
Tennessee doesn’t have a state income tax, so you won’t see state income taxes taken out of your paychecks or owe state income taxes at tax time. The state has also repealed its tax on dividends (known as the Hall tax), effective Jan. 1, 2021. In other words, residents of this state get to keep more of their money than residents of many other states.
Check out our federal income tax calculator.
3. Tennessee is a great place for music-lovers.
Lovers of jazz, blues rock and country will all find Tennessee’s music scene and music history thrilling. There are plenty of small live music venues, plus legendary spots like the Grand Ole Opry. You can visit Loretta Lynn’s ranch and Sun Studio or walk in the footsteps of B.B. King and Aretha Franklin.
4. Tennessee whiskey is in a category of its own.
Tennessee whiskey is an industry term that refers to whiskey made according a specific method. The most famous example of Tennessee whiskey? Jack Daniels. Jack Daniels, or “Jack” as locals call it, is big in Tennessee. You can visit the Jack Daniels distillery and take a tour if you’re interested.
5. Tennessee has serious literary chops.
Music isn’t the only art that has flourished in Tennessee. Tennessee is the birthplace of many famous writers, including Alex Haley, Cormac McCarthy and James Agee. Sewanee, Tennessee’s University of the South is home to the prestigious literary magazine “The Sewanee Review,” which is said to be the oldest continually published periodical of its kind in the U.S.
6. Festivals and fairs are big in Tennessee.
Festivals, including the ever-popular Bonnaroo, are a big part of life in Tennessee. Whether you prefer small local fairs or big events like the CMA Music Festival, Tennessee has something for you.
7. You can visit Dollywood and Graceland if you live in Tennessee.
If you’re interested in music legends Dolly Parton and Elvis Presley, Tennessee is the place for you. You can road trip to Dollywood and Graceland, or take your guests there when they visit you in your new Tennessee home.
8. The National Civil Rights Museum is in Tennessee.
If you want to learn more about the Civil Rights movement and its greats, Tennessee is a good place to dive into that history. Memphis is home to the National Civil Rights Museum and an Underground Railroad museum. Nashville was the site of famous sit-ins during the Civil Rights movement.
9. It’s worth visiting Great Smoky Mountains National Park.
Do mountains, forests, waterfalls and wildflowers appeal to you? If so, you’ll love Great Smoky Mountains National Park. You can stay in a hotel in a nearby town, or opt for camping or cabins inside the boundaries of the park.
10. Tennessee BBQ generally means dry-rubbed ribs.
Tennessee barbecue is slow-cooked and succulent. It can be “wet” or “dry,” but a spicy dry rub is probably the classic Tennessee barbecue option. If you don’t eat meat, don’t worry. It’s easier to be a vegetarian in the South than it used to be. But if meat is something you enjoy, don’t miss out on Tennessee barbecue.
11. Fall colors in Tennessee are stunning.
If you think fall colors are only worth seeing in New England states like Maine and Vermont, think again. Tennessee’s trees put on a stunning display every fall. Unlike some other Southern states, Tennessee really experiences all four seasons, including a beautiful autumn.
12. You can explore thousands of caves in Tennessee.
Did you know Tennessee is a great place to explore caves, with over 9,000 caves across the state? It’s true. Some caves are free to visit, while others are only accessible via paid tours. If you’re going cave exploring on your own, follow basic cave safety and let someone know about your plans before you go.
13. Traffic can be heavy in Tennessee.
Tennessee might make you think of driving in a pick-up truck down wide-open country roads, but the state actually has a bit of a traffic problem, particularly in and around the big cities of Nashville and Memphis. If you’re heading out of town for holiday travel or trying to make a flight at one of the state airports, give yourself plenty of time.
14. The Tennessee Promise program offers free community college to high school grads.
If your child graduates from high school in Tennessee, he or she will be able to attend a Tennessee community college at zero cost to you, thanks to the Tennessee Promise Program. Tennessee Promise inspired a similar federal effort to get high school grads into free community college as a path to a more educated workforce.
15. Tennessee’s cities are booming.
Tennessee cities, particularly Nashville, have been adding jobs and attracting national attention for their high quality of life and appeal to millennials. And in a recent analysis the fastest growing city in the nation was in Tennessee. Further, Nashville made SmartAsset’s list of the Top 10 Places for Creatives in 2019.
Moving to Tennessee is a great opportunity to steep yourself in history and culture while enjoying a low cost of living. The state has a lot to offer new transplants, whatever their interests. It’s especially attractive from the point of view of taxes, nature and culture. If you are moving to Tennessee, you probably want to see how your budget will be affected.
Tips for Managing Your Finances
- If you’re thinking about relocating to Tennessee, a financial advisor can help you create a financial plan to do so in the most economically prudent way. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- If you want to know how much house you can afford, SmartAsset’s free home buying calculator can help you break down mortgage payments, property tax, insurance, and other costs based on your income, location, and other relevant financial information.
- In-depth budgeting can help improve your long-term finances. SmartAsset’s budget calculator can help you set and track different financial goals.
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