This article takes a look at the 5 best places in Tennessee for a couple to live on only social security. If you wish to check out our detailed analysis on retirement in Tennessee, you may go to 15 Best Places in Tennessee for a Couple to Live on Only Social Security.
5. Memphis
Insider Monkey Score: 33
Cost of Living Index: 85.8
Median Home Price: $175,000
Median Monthly Rent: $1,250
Lying on the Mississippi River in southwest Tennessee, Memphis is a nice option for retired couples looking to live in Tennessee on social security. The city offers retirees an amalgamation of culture, music, and history. The culinary scene is quite vast, there are historical landmarks to explore, and there is a rich arts community as well. The city’s warm climate, together with its numerous parks and recreational areas, encourages seniors to lead an active lifestyle. The cost of living in this city is 14.2% lower than the national average, and home prices are well below the national median.
4. Dyersburg
Insider Monkey Score: 36
Cost of Living Index: 71.1
Median Home Price: $197,000
Median Monthly Rent: $1,500
Dyersburg appeals to retirees with its blend of affordability, community spirit, and serene atmosphere. The cost of living in the city is 28.9% lower than the national average, making it easy to retire on social security. The many outdoor spaces and recreational opportunities provide seniors with a lively atmosphere to keep themselves happy and occupied. Accessible healthcare facilities further contribute to its appeal as a retirement destination, ensuring retirees have all the necessary amenities to live a comfortable lifestyle.
3. Kingsport
Insider Monkey Score: 38
Cost of Living Index: 79.2
Median Home Price: $319,900
Median Monthly Rent: $1,237
Kingsport is lying in the foothills of the Appalachian Mountains, offering retirees the best of amenities without compromising on its small-town vibe. There are many cultural events, festivals, and recreational activities happening from time to time, ensuring seniors can keep themselves entertained. The atmosphere is very friendly and community-oriented which further keeps retirees integrated into the community. Finally, the cost of living here is 20.8% lower than the national average, and seniors can stretch their retirement income here.
2. Crossville
Insider Monkey Score: 40
Cost of Living Index: 84.9
Median Home Price: $300,000
Median Monthly Rent: $985
Crossville, one of the fastest-growing cities in Tennessee, is an appealing choice for seniors looking for a place that is beautiful yet affordable. Its location on the Cumberland Plateau offers picturesque landscapes and rolling hills to savor and enjoy recreational activities. There are numerous cultural events, art galleries, and festivals happening in the city that seniors can attend. The area also boasts numerous golf courses and parks, catering to those who enjoy an active lifestyle and appreciate their natural surroundings.
1. Erwin
Insider Monkey Score: 42
Cost of Living Index: 75.8
Median Home Price: $239,900
Median Monthly Rent: $1,100
Topping our list of best places in Tennessee for a couple to live on only social security is a small town called Erwin. Besides its small-town charm, Erwin offers access to stunning mountain views and proximity to outdoor activities. It also boasts a rich history as well as many local events and festivals that make it an interesting place to retire to. There are quality healthcare services available, and seniors get to relish a slow pace of life. Erwin is also an interesting choice for those who appreciate a close-knit community and the splendor of the Appalachian landscape.
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