While inflation has fallen from 2022 peaks, high prices are still eating into household budgets. Many Americans are paying keen attention to their finances and finding ways to reduce spending.
Home prices, rent, and food inflation, as well as higher prices for gas in the last couple of years, are making it so that each dollar earned has even less purchasing power than before. In the first two months of 2024, Americans were able to save about 3.9% of their disposable income, according to the Bureau of Economic Analysis, well below historic levels.
Stacker compiled a list of counties with the lowest cost of living in Tennessee using rankings from Niche.
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#30. Hawkins County, Tennessee
– Overall Rank: 666
– Population: 57,107
– Median household income: $53,647
– Median home value: $153,800 (78% own)
– Median rent: $737 (22% rent)
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#29. Pickett County, Tennessee
– Overall Rank: 653
– Population: 5,042
– Median household income: $44,317
– Median home value: $149,300 (82% own)
– Median rent: $720 (18% rent)
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#28. Unicoi County, Tennessee
– Overall Rank: 622
– Population: 17,845
– Median household income: $49,855
– Median home value: $150,600 (73% own)
– Median rent: $664 (27% rent)
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#27. Meigs County, Tennessee
– Overall Rank: 619
– Population: 12,839
– Median household income: $59,434
– Median home value: $163,000 (77% own)
– Median rent: $832 (23% rent)
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#26. Stewart County, Tennessee
– Overall Rank: 614
– Population: 13,724
– Median household income: $57,257
– Median home value: $163,700 (81% own)
– Median rent: $725 (19% rent)
| Check out more lists and rankings from across Tennessee →
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#25. Jackson County, Tennessee
– Overall Rank: 613
– Population: 11,730
– Median household income: $42,357
– Median home value: $126,100 (83% own)
– Median rent: $777 (17% rent)
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#24. Gibson County, Tennessee
– Overall Rank: 604
– Population: 50,455
– Median household income: $55,455
– Median home value: $130,900 (66% own)
– Median rent: $756 (34% rent)
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#23. Henderson County, Tennessee
– Overall Rank: 572
– Population: 27,845
– Median household income: $51,576
– Median home value: $139,600 (71% own)
– Median rent: $759 (29% rent)
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#22. Warren County, Tennessee
– Overall Rank: 570
– Population: 41,163
– Median household income: $52,948
– Median home value: $149,700 (71% own)
– Median rent: $734 (29% rent)
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#21. Weakley County, Tennessee
– Overall Rank: 561
– Population: 32,946
– Median household income: $47,769
– Median home value: $123,100 (65% own)
– Median rent: $723 (35% rent)