Moving to Tennessee checklist: Cost of living. Housing market trends. State taxes. Job opportunities. Climate and weather. Education system. Transportation options. Healthcare facilities. Cultural attractions. Local laws and regulations.
Cost of living
Tennessee has a relatively low cost of living, with average home values around $300,000, rent prices 20-30% below the national average, and lower costs for utilities, groceries, and other living expenses. Most residents need to make around $42,060 annually to live comfortably, and the state benefits from no state income tax and low property taxes. For more detailed insights, be sure to explore the Tennessee Cost of Living Guide, which provides extensive information on the affordability and economic advantages of living in the state.
Housing market trends
The Tennessee housing market in 2024 is characterized by steady growth in home prices, with a 4.9% year-over-year increase, and a shift towards a more balanced market due to increased inventory and longer days on the market, indicating a more sustainable and healthy market environment. For a deeper insight into the trends and predictions, explore the detailed analysis on the Norada Real Estate website.
State taxes
Tennessee stands out by not imposing a state-level income tax, which can be appealing for residents. However, it does levy taxes on income derived from interest and dividends. Notably, the Hall Income Tax was fully repealed as of January 1, 2021, providing further relief to taxpayers in this regard. The state maintains a 7% sales tax rate, and when combined with local rates, it results in an average of 9.55%. Additionally, property taxes in Tennessee are determined at the municipal level, with an average of 0.67% of a home's assessed value. For more detailed information about the state's tax structure, you can visit the H&R Block website, which offers comprehensive resources and guidance.
Job opportunities
Tennessee offers numerous job search resources, including the Jobs4TN website with over 400,000 job listings daily. Additionally, mobile American Job Centers provide job seeker services, and there is the ability to search and apply for state government and federal job opportunities.
Climate and weather
Tennessee's climate is characterized by warm and humid summers, with average high temperatures ranging from 80°F to 90°F, and cool winters with occasional cold arctic air, averaging low temperatures from 22°F to 33°F in January. The state experiences moderate temperature variations with elevation, and future projections indicate increased extreme heat and precipitation events, as well as more intense droughts due to rising temperatures. For more detailed information, the National Climate Assessment offers comprehensive insights into these changes and what they mean for the region.
Education system
Tennessee's K-12 education system is funded through the Basic Education Program (BEP), which ensures equalized funding among local school systems based on student enrollment and local fiscal capacity. The system is managed by county boards of education and the State Board of Education, with performance goals and measures set by the State Commissioner of Education. For more detailed information about these systems, you can visit the Basic Education Program overview on their official website.
Transportation options
For moving to Tennessee, consider transportation options such as hiring professional movers, renting a moving truck, scheduling car shipping if necessary, and arranging travel for yourself, family members, and pets well in advance to ensure a smooth and organized move. By planning correctly, you can eliminate unnecessary stress and focus on settling into your new home. For a comprehensive guide, check the Cross Country Moving Checklist provided by Armstrong Relocation, which can offer invaluable insights and tips for your transition. Ensuring all transportation is planned and booked ahead of time reduces last-minute hassles and guarantees a seamless relocation experience.
Healthcare facilities
The Tennessee Health Facilities Commission is responsible for overseeing healthcare facilities by managing licensure, the Certificate of Need Program, and ensuring compliance with both state and federal regulations. This oversight is crucial for maintaining quality and safety across various healthcare settings, including hospitals, nursing homes, and ambulatory surgical treatment centers. For more information about their services and responsibilities, visit the Tennessee Health Facilities Commission website.
Cultural attractions
Tennessee offers a rich cultural experience with numerous music museums like the Stax Museum of American Soul Music, Graceland, and the Country Music Hall of Fame and Museum. The state is also home to historical sites such as the National Civil Rights Museum, the Sequoyah Birthplace Museum, and the Belle Meade Plantation, along with vibrant live music venues and festivals like the Grand Ole Opry and Bonnaroo.
Local laws and regulations
When moving to Tennessee, it is essential to obtain a Tennessee Driver License within 30 days of establishing residency. This process involves surrendering your out-of-state license and providing the necessary documents, such as proof of residency, citizenship, and social security number. Moreover, you may need to take vision, knowledge, and road skills tests if your out-of-state license is expired or if you are from another country. For comprehensive details about obtaining your license, visit the Tennessee Driver Services website for guidance.