Tennessee is becoming an increasingly popular destination for retirees, thanks to its low cost of living, absence of state income tax, and diverse landscapes that range from the stunning Smoky Mountains to picturesque riverfront cities. Here, we explore the top 10 affordable retirement destinations in Tennessee, providing a blend of scenic beauty, vibrant communities, and fiscal benefits that make the most of your retirement savings.
10 Best Places to Retire in Tennessee on a Budget
- Why Retire in Tennessee on a Budget?
- Criteria for Our Selection
- Top 10 Affordable Places to Retire in Tennessee
- Making the Most of Your Retirement in Tennessee
- Final Thoughts
Why Retire in Tennessee on a Budget?
Retiring in Tennessee allows you to stretch your dollars further without sacrificing quality of life. The state’s lack of income tax on wages and low property taxes contribute to an overall lower cost of living. Additionally, Tennessee offers high-quality healthcare facilities and a wealth of cultural and recreational opportunities, from exploring natural parks to engaging in the rich music scene. The Volunteer State’s favorable climate, with mild winters and warm summers, adds to the allure, making outdoor activities and community engagement possible year-round.
Considering retiring in Tennessee? Check out our detailed pros and cons of a Tennessee retirement to help you make an informed decision.
Criteria for Our Selection
Our selection is based on affordability, healthcare accessibility, safety, community engagement, and the availability of amenities and activities catering to seniors. These destinations provide a balanced lifestyle that combines financial sensibility with access to a rich array of services and leisure options. We also took into account the unique charm and character of each location, ensuring a variety of settings from urban to rural, each with its own distinct advantages.
It’s important to clarify that our list doesn’t just feature the most affordable towns in Tennessee; instead, it highlights towns that offer great value to retirees. This means balancing cost with the quality of life, amenities, and community benefits that are especially appealing to those looking to enjoy their retirement years.
Top 10 Affordable Places to Retire in Tennessee
10. Chattanooga
- Population: 184,561
- Cost of Living Score: 89.7 (10.3% below national average)
- Median Listing Prices: $190,000 – $629,250 (depending on zip code)
- Top choice for: a scenic city with plenty to keep retirees busy
Chattanooga offers a captivating mix of urban energy and scenic landscapes, making it an ideal destination for retirees seeking both adventure and culture. The city is prominent for its beautifully developed riverfront and the historic Walnut Street Bridge, providing a gateway to a vibrant downtown filled with arts, dining, and entertainment.
For those who relish the outdoors, Chattanooga provides easy access to activities like hiking and mountain biking on Lookout Mountain, as well as water sports on the Tennessee River. Cultural offerings abound, from the Tennessee Aquarium to the Hunter Museum of American Art, ensuring a richly diverse retirement experience.
With its blend of natural beauty and modern urban amenities, along with advanced connectivity features like a citywide gigabit network, Chattanooga is perfectly suited for retirees who want a balanced, fulfilling lifestyle.
9. Crossville
- Population: 11,960
- Cost of Living Score: 84.9 (15.1% below national average)
- Median Listing Prices: $366,450 – $409,900 (depending on zip code)
- Top choice for: golf, golf, and natural beauty (and more golf)
If you dream of green fairways, Crossville, Tennessee, often referred to as the “Golf Capital of Tennessee,” could be your ideal retirement destination. Situated on the Cumberland Plateau, this town offers a cooler climate and an impressive array of golf courses that attract enthusiasts from all over.
Beyond the fairways, Crossville offers a tranquil setting with its lush landscapes and numerous state parks, including the Cumberland Mountain State Park, which provides opportunities for hiking, fishing, and birdwatching. The town also boasts a warm community with a love for arts and theatre, showcased at the Cumberland County Playhouse, which offers a diverse program of plays and musicals throughout the year.
With its affordable cost of living and friendly, tight-knit community, Crossville provides a peaceful yet engaging lifestyle for retirees. Whether you’re teeing off on a crisp morning or exploring the natural beauty of the plateau, Crossville combines small-town charm with plentiful outdoor and cultural activities.
8. Maryville
- Population: 29,742
- Cost of Living Score: 87.6 (12.4% below national average)
- Median Listing Prices: $390,000 – $499,900 (depending on zip code)
- Top choice for: a lesser-known jewel in the Smokies
Ask anyone who lives in Maryville to describe their mountain home and they’ll tell you it’s a community that perfectly blends access to outdoor adventures with small-town charm. Located at the foothills of the Great Smoky Mountains, Maryville offers retirees a gateway to some of the country’s most scenic landscapes, including vast parklands perfect for hiking, biking, and simply soaking in nature’s beauty.
Maryville’s downtown exudes a warm, welcoming vibe, with local shops, cafes, and restaurants that foster a close community atmosphere. The city also hosts various festivals and events throughout the year that celebrate its rich heritage and active lifestyle.
With its proximity to Knoxville, Maryville provides all the advantages of living near a larger city while maintaining its quaint, serene character. This makes it an ideal spot for retirees who appreciate a quieter life but still want occasional urban excursions. Whether it’s exploring the natural wonders of the Smokies or enjoying a leisurely afternoon in the town center, Maryville offers a fulfilling and balanced retirement experience.
7. Paris
- Population: 10,156
- Cost of Living Score: 74 (26% below national average)
- Median Listing Price: $302,250
- Top choice for: days on the lake and evenings downtown
No, not that Paris,. Tennessee’s Paris has its own unique charm that captivates those looking for a relaxed and friendly place to retire. Known for its “World’s Biggest Fish Fry” (which features over 12,000 lbs of catfish) and a replica of the Eiffel Tower, Paris offers a blend of quirky attractions and a warm, welcoming community. No need to brush up on your French, the native language in this charming town is southern hospitality.
Located in Henry County, this small town is surrounded by lush landscapes and is close to the beautiful Kentucky Lake, making it ideal for fishing, boating, and waterfront leisure. The town’s downtown area is quaint, featuring historic architecture, local shops, and cozy eateries where neighbors gather and socialize.
Paris also promotes community spirit with events throughout the year, enhancing its small-town appeal. With its affordable cost of living and laid-back lifestyle, Paris provides a peaceful yet engaging environment for retirees looking to enjoy their golden years in a town that combines Southern hospitality with a touch of international flair.
6. Knoxville
- Population: 190,740
- Cost of Living Score: 91.8 (8.2% below national average)
- Median Listing Prices: $284,000 – $755,000 (depending on zip code)
- Top choice for: affordable urban amenities in the mountains
Knoxville, located just an hour’s drive from the tourist hotspots of Pigeon Forge and Gatlinburg, offers retirees a vibrant city life balanced with easy access to some of the state’s most popular attractions. This proximity allows for convenient day trips to the Smoky Mountains, where endless outdoor adventures await.
Knoxville itself boasts a rich arts and culture scene, with an array of theaters, museums, and galleries. The city’s revitalized downtown area is a hub of activity, featuring Market Square with its shops, restaurants, and seasonal farmers’ markets, which foster a lively community atmosphere.
For sports enthusiasts, the University of Tennessee provides collegiate sports excitement, adding to the energetic vibe of the city. Knoxville also offers numerous parks and greenways, ideal for biking, hiking, and leisurely walks, ensuring that residents can stay active and engaged with nature.
With its blend of urban amenities and proximity to natural wonders, Knoxville presents an attractive option for retirees looking for a dynamic yet scenic place to call home.
5. Kingsport
- Population: 54,127
- Cost of Living Score: 79.2 (20.8% below national average)
- Median Listing Prices: $194,500 – $524,490 (depending on zip code)
- Top choice for: privacy, tranquility, and a low cost of living
Kingsport is the heart of Appalachia. It offers retirees a serene and private setting, surrounded by expansive forests and the flowing waters of the Holston River. This city is ideal for those who cherish privacy and the beauty of the natural world, providing ample opportunities for fishing, boating, and riverside walks.
The lush landscapes of Kingsport are part of the city’s allure, allowing residents to explore and enjoy the outdoors extensively. The region’s rich Appalachian heritage adds a unique cultural dimension to the community, with local festivals and events celebrating traditional music, crafts, and folklore.
Kingsport’s location affords residents quiet living within a landscape marked by the majestic beauty of the Tennessee mountains and forests, ideal for those who appreciate solitude and a slower pace of life. (perhaps sipping on a Kingsport-originated Long Island Iced Tea). Yet, the city offers all the necessary amenities, ensuring that comfort and convenience are never too far away. With its natural surroundings, active community, and commitment to preserving a tranquil way of life, Kingsport is an excellent choice for retirees looking for a peaceful retreat in the heart of Appalachia.
4. Germantown
- Population: 40,298
- Cost of Living Score: 85.8 (14.2% below the national average)
- Median Listing Prices: $475,000 – $699,000 (depending on zip code)
- Top choice for: suburban comfort near Memphis
Germantown, just a stone’s throw from Memphis, offers retirees suburban tranquility along with easy access to the vibrant cultural and culinary experiences of the city. Residents enjoy Germantown’s safe neighborhoods, beautiful parks, and quality local amenities, while being just minutes away from Memphis’s rich musical heritage, iconic sites like Beale Street and Graceland, and famous barbecue.
This proximity means Germantown retirees can experience the best of both worlds: a peaceful suburban life with all the benefits of a bustling city nearby. Whether it’s exploring Memphis’s historic landmarks or enjoying community life in Germantown, this area offers a fulfilling, balanced retirement lifestyle.
3. Murfreesboro
- Population: 171,059
- Cost of Living Score: 100.6 (slightly above the national average)
- Median Listing Prices: $439,900 – $519,900 (depending on zip code)
- Top choice for: a burgeoning but comfortable place to call home in the Nashville metro area
Murfreesboro, located just a short drive from Nashville, provides retirees with a lively community atmosphere complemented by access to exceptional healthcare facilities and the cultural richness of a major city. This proximity to Nashville allows residents of Murfreesboro to easily enjoy the renowned music scene, diverse dining options, and extensive entertainment offerings of the state’s capital.
In Murfreesboro itself, retirees benefit from a growing city with a commitment to quality living, featuring expansive parks, shopping centers, and a variety of recreational activities. Downtown Murfreesboro hosts regular and seasonal events and features a wealth of charming mom and pop stores for window shopping.
2. Johnson City
- Population: 71,046
- Cost of Living Score: 84.6 (15.4% below national average)
- Median Listing Prices: $289,900 – $429,900 (depending on zip code)
- Top choice for: hiking and healthcare
Johnson City, Tennessee, offers retirees a unique blend of natural beauty and urban convenience, situated in the scenic foothills of the Appalachian Mountains. This city is known for its vibrant community, excellent healthcare facilities, and close proximity to a wealth of outdoor activities.
Residents can enjoy the stunning natural surroundings, which include the nearby Appalachian Trail and Watauga Lake, providing ample opportunities for hiking, fishing, and boating. Johnson City also boasts a thriving downtown area with a variety of shops, restaurants, and cultural venues, contributing to a rich social and cultural life.
The city’s emphasis on healthcare is evident in its well-regarded hospitals and medical centers, making it a reassuring choice for retirees focused on health and wellness. With its combination of natural beauty, healthcare resources, and a welcoming community, Johnson City is an ideal destination for those seeking a peaceful yet engaging retirement.
1. Ripley
- Population: 7,557
- Cost of Living Score: 69.9 (30.1% below the national average)
- Median Listing Price: $215,000
- Top choice for: a rural lifestyle in Lauderdale County
The sweet tea tastes even sweeter in the charming small town of Ripley, Tennessee, where retirees find a slower pace of life amidst a friendly community. About an hour’s drive north of Memphis, you’ll find West Tennessee’s best-kept secret. Known for its rich agricultural heritage, Ripley celebrates its local culture and produce with seasonal festivals like the Lauderdale County Tomato Festival, which are central to the town’s social life. People take their tomatoes seriously around here.
Ripley offers ample green spaces and nearby natural reserves perfect for leisurely walks, bird watching, and enjoying the peaceful outdoors. The town’s community is close-knit (with a population of under 10,000), with local businesses and neighbors forming a supportive network that enhances daily life.
Making the Most of Your Retirement in Tennessee
Maximizing your retirement experience in Tennessee involves exploring the state’s natural beauty, engaging in community events, and taking advantage of Tennessee’s tax benefits. Whether you’re drawn to the serenity of the mountains, the vibrancy of urban centers, or the charm of small towns, Tennessee offers a fulfilling and financially savvy retirement.
Final Thoughts
Retiring in Tennessee means enjoying an affordable, culturally rich life amidst a diversity of landscapes and communities. From urban centers brimming with history and art to peaceful towns surrounded by nature, Tennessee provides an attractive backdrop for retirees seeking both value and quality in their golden years. The state’s emphasis on community, health, and active living makes it an ideal place for retirees to thrive.
For more affordable retirement options that offer mountains, warm weather, and Southern charm similar to Tennessee, be sure to explore our lists for Virginia, North Carolina, and Georgia. These states provide a range of budget-friendly retirement destinations that capture the essence of what makes the region appealing.
Median listing price data provided courtesy of realtor.com
All population data is courtesy of World Population Review
Cost of living score provided courtesy of BestPlaces.net
