People from all over the world love to visit Tennessee. That’s not just hearsay — it’s reality.
In fact, people love vacationing in the Volunteer State so much that tourism is Tennessee’s number two industry. If you know anything about the state, this shouldn’t come as a shock. From Memphis to Nashville and Chattanooga to Gatlinburg, every region of Tennessee offers a unique, vibrant culture that seems to suggest a better way to live.
One thing’s for certain: people aren’t sleeping on the chance to migrate there. A recent study found that more people moved to Tennessee in 2020 than to any other state. Interested in joining the ranks? Keep reading to find out the top four reasons people are moving to Tennessee.
Reason #1: Affordability
It’s fair to say that more people would buy a house on the California coast if it weren’t for one factor: the outrageous price of living. Affordability is a massive barrier to entry when it comes to many scenically desirable areas to live. The fact that Tennessee is so stunning yet still an affordable place to live and buy a home is why we’ve ranked affordability as the top reason people are moving to Tennessee.
Low Cost of Living
Simply put, you get more bang for your buck in Tennessee. According to 2021 first-quarter data provided by the Council for Community & Economic Research, Tennessee is the sixth most affordable U.S. state to live in. On an index where the national average cost of living is 100, Tennessee scores an 88.5, making it significantly more affordable than the average U.S. state. In fact, each major indicator used to create Tennessee’s composite ranking, including average grocery, housing, utility, transportation and health costs, ranked well below the national average.
Low Tax Burden
Tennessee is a rare bird when it comes to tax laws. It touts no state income taxes or property taxes (although the latter can be locally determined and collected). Tennessee also offers a variety of tax credits to new and expanding businesses.
Ideal for Retirement
Not everyone who moves to Tennessee is young or trying to start a family; many people move to Tennessee because it’s an ideal place to retire. In fact, a study conducted by Bankrate found Tennessee to be the third best state in the U.S. for retirees, as well as the most affordable. Its low cost of living, small tax burden and pleasant weather add to the many reasons retired people are moving to Tennessee.
Reason #2: Thriving Economy
Just because a state is affordable does not mean it has a healthy economy. In fact, research suggests that many of the cheapest states to live in suffer from high unemployment, a poor business environment and lack of economic stimulation. Luckily, Tennessee is not one of those states.
To rank America’s top states for business in 2021, CNBC conducted a study that scored each state by 85 metrics of business desirability, including the cost of doing business, infrastructure, workforce, economic health and access to capital. The study found that Tennessee is the fifth best state for doing business in the U.S., an accolade that won’t shock the many companies already taking advantage of its generous business incentives and grants.
Booming Job Market
As a result of its business-friendly policies and critical mass of qualified workers, Tennessee has recently seen an influx of tech and finance facilities, as well as a surge in company headquarters. Mitsubishi Motors North America, FedEx Logistics and AllianceBernstein are just a few of the large corporations to call Tennessee home, citing a talented workforce.
Are you ready to open up shop in a state that appreciates you? Reliant Realty can help you find the perfect commercial space for your business. Call 615-724-5132 today to speak to a knowledgeable agent.
Reason #3: Natural Beauty
Tennessee is simply a beautiful state. With the Mississippi River defining its western border, the Appalachian Mountains crowning its eastern border and lush, forested land in between, there’s no lack of natural beauty. If you’re moving to Tennessee, you can look forward to enjoying these scenic treasures:
In addition to these destinations, Tennessee cities offer a plethora of green spaces to promote the physical and mental wellbeing of you and your family. Community gardens, conservation land and state parks make Tennessee the perfect state for any nature lover.
Reason #4: Entertainment & Recreation
There’s a reason tourism plays such a large role in Tennessee’s economy. No matter what kind of entertainment you like — bars and live music, amusement and theme parks, outdoor recreation — Tennessee has it.
Live Music Culture
If you enjoy blues music, country music, rock ‘n’ roll or Memphis soul, you should thank the state of Tennessee. Memphis and Nashville are undeniable powerhouses of music creation, but they’re not just that — they’re cities that take live music (and soul food) very seriously. If honky tonks and saloons, jazz clubs, barbeque and hot chicken appeal to you, you’ll love the live music culture of Tennessee’s prominent music cities.
Adventure and Theme Parks
Despite its deep musical history, Tennessee has a lot more entertainment to offer than music alone. If you’re looking for recreational activities the whole family can enjoy, you’ll never have to drive far in Tennessee. Here are just a few highlights:
- Dollywood Splash Country Water Park
- The Island in Pigeon Forge
- SoundWaves at Gaylord Opryland
- Ober Gatlinburg
Whether you’re looking for a raucous night of live music, a family weekend in the mountains or a couples’ weekend at a world-class resort, Tennessee won’t let you down. Its abundance of entertainment and recreation options make it the ideal state to call home.
Moving to Tennessee
Why are people moving to Tennessee? It’s simple. As far as states go, Tennessee is the total package: financially stable, at times rugged and outdoorsy, citywise and sleek when the moment calls for it. If you’re ready to join the people moving from California, from Illinois and from all over the country to Tennessee, the first thing you need to do is talk to a trusted Tennessee realtor at Reliant Realty.
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Additional Resources if You're Moving to Tennessee
Searching for a house can be both exciting and stressful. Here are online resources to help you plan your move.
- The Nashville Chamber of Commerce "Getting Established" page is a great resource for information on a variety of topics and is a great place to start.
- Department of Motor Vehicles instructions to re-register your out of state driver's license and vehicle.
- Check out the neighborhood! Read up on Nashville's eclectic neighborhoods and find your ideal vibe.
- Have kids? Learn about schools and their ratings before you move.