List Of Top 9 Cheapest Places to Live in Tennessee (2023)

Are you looking for an affordable place to call home in Tennessee? Look no further. Tennessee is known for its popular tourist destinations like Dollywood and The Great Smokies and offers some of the most affordable living options in the country. Whether you’re a budget-conscious student or a retiree looking to stretch your savings, this list of the nine cheapest places to live in Tennessee will help you find the perfect area to fit your budget.

Cheapest Places to Live in Tennessee

Brownsville

Brownsville should be at the top of your list if you’re looking for an affordable place to live in Tennessee. This city, located about an hour away from Memphis, is historically significant and boasts breathtaking natural beauty. Brownsville offers plenty of outdoor recreational activities, such as biking trails, running paths, and campsites, making it an excellent place for nature lovers. The Serendipity Resort & Campground and the Hatchie National Wildlife Refuge are popular local attractions worth checking out. Moreover, Brownsville’s stunning local scenery makes it a sought-after location for Tennessee weddings. With an average home price of $131k, this city is the most budget-friendly place to find a home in Tennessee.

Union City

Union City, located in Tennessee’s northwestern corner, is the second-most affordable area in the state. Named after the crossing of two major railroads, this city offers a distinctive blend of urban and rural living, making it an ideal location for those who prefer small-town living with easy access to big-city amenities. Local attractions include historical landmarks, museums, theaters, campsites, parks, and a variety of bars and restaurants. With an average home value of around $144k, Union City is a budget-friendly option for those settling in Tennessee.

Memphis

Memphis, known as the “Home of the Blues” and the “Birthplace of Rock’n’Roll,” is a vibrant city with a lively music scene and one of the most budget-friendly cities in Tennessee. Situated on the southern border of the state, Memphis is famous for Graceland, the historic home of Elvis Presley, and a multitude of other attractions including museums, art galleries, parks, sporting events, and the entertaining Beale Street district. Despite all these exciting offerings, Memphis remains an affordable place to call home with average home prices at only $158k, making it an excellent option for those looking for a less expensive lifestyle in Tennessee.

Paris

Paris, a small city in Tennessee, is located near the Kentucky border and is considered one of the cheapest places to live in the state. As the oldest incorporated town in West Tennessee, it is famous for its 70-foot, to-scale replica of the Eiffel Tower. Despite its small size, the city has a crime rate below the state average, making it an ideal place for those who prefer a peaceful and quiet lifestyle. Additionally, locals can enjoy various outdoor activities, including visits to Kentucky Lake, Paris Landing State Park, and the Tennessee River. With an average home price of $173k, this affordable hidden gem is an excellent option for those on a budget.

Lawrenceburg

Located along Tennessee’s Alabama border, Lawrenceburg is known for being one of the most affordable cities in the state. Once home to the infamous James Vaughan, this area is also known as the “Birthplace of Southern Gospel.” Visitors can still explore Vaughan’s legacy at the famous Vaughan Museum in the city’s main square. Other enjoyable local attractions include Amish Country Tours, the Crockett Theater, and the David Crockett State Park. With home prices averaging around $174k, Lawrenceburg offers an excellent opportunity to experience affordable southern living with a unique twist.

LaFollette

Located close to the Kentucky border, LaFollette is a quaint Tennessee town that boasts of natural beauty and small-town charm. It is an ideal destination for those who love the great outdoors and scenic views. The majestic Cumberland Mountains surround the city and offer many waterfront activities on Lake Norris. LaFollette is famous for having some of the best RV campsites in the state, making it a perfect place for camping enthusiasts. With an average home price of $178k, this town is an affordable paradise for nature lovers and mountain-goers.

McMinnville

McMinnville, located in central Tennessee, is known for being an affordable place to live. Dubbed as the “Nursery Capital of the World,” it boasts over 400 nurseries in the city and its neighboring town of Warren. The local climate and soil conditions create an ideal environment for growing most temperate crops, making McMinnville a thriving agricultural center. Along with its flourishing produce industry, the city also offers various industrial spaces, a supportive business community, and access to numerous big-city amenities. With an average home price of $183k, McMinnville is an excellent option for young professionals and families seeking an affordable yet vibrant community to call home.

Rockwood

Rockwood, located in East Tennessee, is a budget-friendly area that was once a coal mining town. Today, it is well known for hosting the famous Thunder Road car festival, which features a diverse range of classic car makes and models from the early 1900s. People from all over the United States come to attend this enjoyable and family-friendly event. Furthermore, Rockwood offers several other attractions, including Mount Roosevelt State Forest, Frozen Head State Park, and the Rockwood Golf & Country Club. With home values remaining around $200k, this area is an excellent choice for those seeking affordable living in East Tennessee.

Millington

Millington, a city located just outside of Memphis, is an affordable place to live in Tennessee. With a population of approximately 11,000 people, this community offers a range of local attractions, including the Meeman-Shelby Forest State Park, Orgill Park Golf Course, and Memphis Motorsport Park. Memphis is only a short twenty-minute drive away for those seeking more entertainment options. Despite its proximity to the city, home prices in Millington are pretty reasonable, averaging around $225k. This makes it an excellent choice for those looking for an affordable location with plenty of entertainment options.

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