If you’re considering a move for your retirement years, you may wonder: Is Tennessee a good place to retire? The answer is a resounding yes—and for many great reasons. Whether you’re drawn to the soulful city life of Memphis and Nashville or prefer the charm and slower pace of small towns like Jonesborough or Franklin, the Volunteer State offers something for everyone. With its scenic beauty, rich history, low cost of living, and friendly communities, Tennessee attracts retirees from all over the country.
From outdoor adventures in the Great Smoky Mountains to vibrant cultural scenes and tax-friendly benefits, here are five compelling reasons why retiring in Tennessee might be the perfect choice for you.
1. Affordable Cost of Living
We’re all feeling the pinch when we go to the grocery store. Prices are up all over the country, but in Tennessee, things aren’t as bad as in more populated states. According to Best Places, prices are 10.1% lower in Tennessee than in the rest of the U.S.
Housing Prices
The housing prices are also more affordable, making finding a new home less stressful. Currently, the average home in Tennessee costs about $277,000 (18% less than the national average). Renting a two-bedroom unit costs around $1,070 per month (25.2% lower than the national average).
Homebuyers can find several 55+ communities in Tennessee, such as Album Indian Lake in Hendersonville. This community offers apartments for 55+ homebuyers interested in downsizing. If you prefer to live in a single-family home, you’ll be shocked at all the options. Consider Tellico Village, Fairfield Glade, or Del Webb Lake Providence. These communities offer attractive homes, onsite amenities, and easy access to larger metropolitan areas.
2. Mild Climate
Tennessee enjoys all four seasons without the extreme temperature changes that come with them. Spring brings lovely flowers, and the soil is ideal for your garden. If gardening isn’t for you, then you can sit back and relax as the 55+ community homeowners’ association (HOA) handles the lawn work for you.
Average Temperatures
In the summer, the temperatures can get hot. However, there are very few days when temperatures are above the mid-90s. Also, many 55+ communities offer pools where you can cool off. Fall brings stunning color changes to the leaves. Many residents of Tennessee make it an annual tradition to drive into the mountains and see the leaves falling. Winter can be chilly, but it’s rare for the temperatures to dip below zero. There’s some snow, but it’s just enough to make a few snowballs with the grandkids before it melts.
3. Tourist Attractions
Now that you’re retired, or preparing to retire, you’ll probably be looking for ways to fill your time. While you’ll probably find plenty of things to do, you can also visit the local attractions in Tennessee.
- Gatlinburg – walk the famous Sky Bridge, ride the scenic aerial tram, and shop at unique local stores
- Memphis – the birthplace of rock and roll; catch live shows and discover local talent
- Nashville – a must-visit for country music fans; explore legendary venues and the vibrant music scene
- Dollywood – a fun destination for all ages with year-round deals available
4. Favorable Tax Rates
One of the best parts of moving to Tennessee is the tax rates. If you’re still working, you’ll be pleased to know that there’s no income tax in Tennessee. This means more money in your pocket. You’ll still be responsible for federal taxes, of course, but states without income taxes are popular among retirees.
As for other taxes, the state sales tax rate is 7%, with an average combined state and local rate of 9.55%. Property taxes are low, with an effective rate of 0.48% on owner-occupied homes, and the gas tax is about $0.27 per gallon. Also, there’s no estate or inheritance tax in Tennessee. This tax was discontinued in 2016. Taking care of your property will be much easier knowing you don’t have to deal with the estate taxes, and no one else will either.
Also, once you turn 65, you may even qualify for a property tax relief program. If you’re buying property in Tennessee, this could be a huge weight lifted off your wallet.
5. Slower Pace
Tennessee is known for its laid-back, welcoming culture that reflects the Southern charm the region is famous for. Even in the state’s larger cities, you’ll often find a relaxed, small-town atmosphere that makes it easy to feel at home. Unlike the hustle and bustle of places like New York or Los Angeles, Tennessee allows you to slow down and truly enjoy your surroundings. Whether you’re strolling through a local farmers market, sipping sweet tea on a front porch, or exploring a quiet mountain town, there’s no pressure to rush.
At the same time, if you’re craving more excitement, Tennessee’s urban centers offer a vibrant, fast-paced experience. Cities like Nashville and Memphis boast thriving music scenes, diverse dining options, cultural festivals, and plenty of nightlife. This balance between laid-back living and big-city energy makes Tennessee a uniquely appealing place to retire or settle down.
Are You Ready to Find the Perfect 55+ Community in Tennessee?
If you’re still asking yourself, “Is Tennessee a good place to retire?”—the answer is yes. From its tax-friendly policies and stunning natural beauty to its warm Southern hospitality and variety of 55+ communities, Tennessee offers the perfect blend of comfort, affordability, and lifestyle.
Whether you’re looking for a quiet mountain retreat, an active adult community near a vibrant city, or something in between, there’s a place here that’s just right for you. Contact 55places.com today and we’ll connect you with a knowledgeable local real estate expert who can help you explore your options and find the ideal 55+ community to call home in Tennessee. Your dream retirement starts here!
