Tennessee
Retiree Population: 1.2 million are 65 or older
Cost of Living Percentage: 12% below the national average
Sales Tax: 7.1%
Tennessee is affordable, with living costs 12% lower than the US average. Nashville and Memphis offer big-city vibes without the hefty price tag, while Chattanooga shines among the smaller cities for quality of life.
Home to 7.1 million, Tennessee boasts a significant senior population of 1.2 million. Despite the 7.1% sales tax, it’s offset by low overall taxes. Healthcare affordability is another plus, making the state an attractive choice for many.