The 10 Most Expensive Places To Live In Tennessee For 2022


We used science and data to determine which cities in Tennessee that will put a big dent in your wallet.

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.
Editor’s Note: We updated this article for 2022. This is our ninth time ranking the most expensive places to live in Tennessee.

Everyone wants a home that mixes affordability with comfort and Tennessee does this very well. Families love the Volunteer State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Tennessee that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Tennessee for 2022.

So where is the most expensive place to live in Tennessee? That would be Thompson's Station.
the 2016-2020 American Community Survey for the 97 places in Tennessee with more than 5,000 people.

Here are the 10 most expensive places to live in Tennessee for 2022:

  1. Thompson's Station
  2. Goodlettsville
  3. Nashville
  4. Sevierville
  5. Murfreesboro
  6. Crossville
  7. Athens
  8. Collegedale
  9. Fairview
  10. Lebanon

What's the most expensive place to live in Tennessee? Well, HomeSnacks crunched the numbers and discovered that Thompson's Station is the most expensive place to live in Tennessee.

So hopefully Milan (the cheapest place to live in Tennessee) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Tennessee and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Tennessee For 2022

1. Thompson's Station

Overall SnackAbility

6
/10

Population: 6,116
Rank Last Year: 3 (Up 2)
Home Price To Income Ratio: 4.5x (3rd most expensive)
Income To Rent Ratio: 53.3x (24th most expensive)
More on Thompson's Station: Real Estate | Data

The median income in Thompson's Station comes in at $95,386 and the median home value is $425,100 for 2022.

2. Goodlettsville

Overall SnackAbility

7
/10

Population: 16,829
Rank Last Year: 7 (Up 5)
Home Price To Income Ratio: 4.3x (6th most expensive)
Income To Rent Ratio: 48.0x (7th most expensive)
More on Goodlettsville: Real Estate | Data

The median income in Goodlettsville comes in at $55,857 and the median home value is $242,800 for 2022.

3. Nashville

Nashville, TN

Source: Public domain
Overall SnackAbility

7
/10

Population: 667,070
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 4.3x (7th most expensive)
Income To Rent Ratio: 53.1x (23rd most expensive)
More on Nashville: Real Estate | Data | Photos

The median income in Nashville comes in at $62,087 and the median home value is $264,600 for 2022.

4. Sevierville

Sevierville, TN

Overall SnackAbility

4
/10

Population: 17,185
Rank Last Year: 5 (Up 1)
Home Price To Income Ratio: 5.1x (most expensive)
Income To Rent Ratio: 54.5x (30th most expensive)
More on Sevierville: Real Estate | Data | Photos

The median income in Sevierville comes in at $43,307 and the median home value is $219,300 for 2022.

5. Murfreesboro

Murfreesboro, TN

Overall SnackAbility

7
/10

Population: 141,704
Rank Last Year: 11 (Up 6)
Home Price To Income Ratio: 4.2x (10th most expensive)
Income To Rent Ratio: 55.4x (35th most expensive)
More on Murfreesboro: Real Estate | Data | Photos

The median income in Murfreesboro comes in at $60,683 and the median home value is $257,500 for 2022.

6. Crossville

Crossville, TN

Overall SnackAbility

3
/10

Population: 11,704
Rank Last Year: 6 (No Change)
Home Price To Income Ratio: 4.8x (2nd most expensive)
Income To Rent Ratio: 55.8x (37th most expensive)
More on Crossville: Real Estate | Data | Photos

The median income in Crossville comes in at $37,212 and the median home value is $177,600 for 2022.

7. Athens

Athens, TN

Overall SnackAbility

5
/10

Population: 13,931
Rank Last Year: 1 (Down 5)
Home Price To Income Ratio: 4.3x (9th most expensive)
Income To Rent Ratio: 49.7x (13th most expensive)
More on Athens: Real Estate | Data | Photos

The median income in Athens comes in at $36,864 and the median home value is $156,800 for 2022.

8. Collegedale

Collegedale, TN

Overall SnackAbility

8
/10

Population: 11,402
Rank Last Year: 13 (Up 5)
Home Price To Income Ratio: 3.9x (15th most expensive)
Income To Rent Ratio: 56.1x (39th most expensive)
More on Collegedale: Real Estate | Data | Photos

The median income in Collegedale comes in at $57,713 and the median home value is $227,300 for 2022.

9. Fairview

Fairview, TN

Overall SnackAbility

5
/10

Population: 8,989
Rank Last Year: 33 (Up 24)
Home Price To Income Ratio: 3.8x (18th most expensive)
Income To Rent Ratio: 56.5x (42nd most expensive)
More on Fairview: Real Estate | Data | Photos

The median income in Fairview comes in at $67,696 and the median home value is $259,600 for 2022.

10. Lebanon

Lebanon, TN

Source: Public domain
Overall SnackAbility

6
/10

Population: 34,759
Rank Last Year: 10 (No Change)
Home Price To Income Ratio: 4.4x (4th most expensive)
Income To Rent Ratio: 60.6x (58th most expensive)
More on Lebanon: Real Estate | Data | Photos

The median income in Lebanon comes in at $58,859 and the median home value is $261,400 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Volunteer State For 2022

Map Of The Cheapest Places To Live In Tennessee
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Tennessee to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 97 places in Tennessee that have more than 5,000 people.

The place with the highest cost of living in Tennessee according to the data is Thompson's Station. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Tennessee For 2022

Well there you have it, the places in Tennessee that have the highest cost of living, with Thompson's Station ranking as the most expensive city in the Volunteer State.

Here's a look at the most affordable cities in Tennessee according to the data:

  1. Milan
  2. Henderson
  3. Church Hill

For more Tennessee reading, check out:

Detailed List Of The Most Expensive Cities In Tennessee

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Thompson's Station 10.33 6,116 4.5x 53.3x
2 Goodlettsville 10.67 16,829 4.3x 48.0x
3 Nashville 14.33 667,070 4.3x 53.1x
4 Sevierville 17.67 17,185 5.1x 54.5x
5 Murfreesboro 20.67 141,704 4.2x 55.4x
6 Crossville 24.0 11,704 4.8x 55.8x
7 Athens 24.0 13,931 4.3x 49.7x
8 Collegedale 24.67 11,402 3.9x 56.1x
9 Fairview 25.0 8,989 3.8x 56.5x
10 Lebanon 25.33 34,759 4.4x 60.6x
11 Franklin 25.33 80,675 4.4x 64.5x
12 Johnson City 26.0 66,934 4.0x 54.4x
13 Chattanooga 26.33 181,370 3.7x 52.9x
14 Cookeville 27.33 33,922 4.2x 55.2x
15 Gallatin 27.33 40,262 4.0x 59.4x
16 Cleveland 31.33 45,115 3.9x 56.7x
17 Knoxville 31.67 187,487 3.4x 47.1x
18 Hendersonville 32.33 57,888 3.8x 64.3x
19 Lexington 32.67 7,838 3.8x 49.6x
20 Martin 32.67 10,585 4.0x 50.9x
21 Brentwood 33.33 42,700 4.3x 78.8x
22 Red Bank 34.0 11,785 3.6x 54.8x
23 Morristown 34.33 29,887 3.6x 46.9x
24 Nolensville 34.67 9,221 3.3x 62.7x
25 Jackson 36.33 67,036 3.3x 48.5x
26 Spring Hill 36.33 41,797 3.3x 63.2x
27 Columbia 36.67 39,515 3.4x 55.5x
28 Lafayette 37.0 5,239 3.5x 47.3x
29 Covington 38.33 8,863 3.3x 45.9x
30 Signal Mountain 38.67 8,574 3.1x 59.5x
31 Mount Juliet 39.67 35,834 3.1x 59.6x
32 Lawrenceburg 41.33 10,925 3.5x 50.8x
33 Pigeon Forge 41.33 6,247 3.8x 67.0x
34 Smyrna 41.67 50,820 3.2x 59.8x
35 Springfield 42.0 17,147 3.3x 57.0x
36 La Vergne 42.0 35,556 2.8x 51.1x
37 Farragut 44.0 23,110 3.4x 87.7x
38 Union City 44.0 10,426 3.4x 52.5x
39 Oakland 44.0 8,135 2.4x 49.2x
40 Kingston 44.67 5,946 3.6x 68.4x
41 Lenoir City 47.33 9,191 3.2x 56.0x
42 Erwin 47.67 5,910 3.5x 58.0x
43 Kingsport 48.33 53,699 3.5x 63.2x
44 Shelbyville 49.0 21,841 3.2x 56.2x
45 Dunlap 49.33 5,159 3.1x 51.3x
46 Clarksville 50.67 156,092 3.0x 58.0x
47 Bolivar 51.0 5,005 3.0x 46.6x
48 Clinton 51.67 10,006 3.3x 68.5x
49 Bristol 51.67 26,973 3.2x 59.3x
50 Millersville 52.0 6,403 3.0x 65.6x
51 Maryville 52.0 29,325 3.2x 74.9x
52 Greeneville 52.33 14,938 3.6x 70.0x
53 East Ridge 53.33 21,187 2.8x 52.5x
54 Paris 53.67 10,021 3.0x 49.1x
55 Dickson 53.67 15,500 3.2x 70.6x
56 Greenbrier 54.33 6,859 3.1x 74.0x
57 Arlington 54.67 11,715 2.6x 61.3x
58 Alcoa 55.67 9,809 3.0x 59.3x
59 Lewisburg 56.33 12,150 2.8x 54.3x
60 Tullahoma 56.33 19,982 3.3x 71.6x
61 Bartlett 56.33 59,252 2.4x 59.2x
62 Elizabethton 57.0 13,568 3.2x 59.9x
63 Memphis 57.0 650,910 2.6x 45.8x
64 Collierville 57.33 50,596 2.8x 86.7x
65 Newport 58.67 6,865 2.8x 49.8x
66 Jonesborough 58.67 5,539 2.9x 69.5x
67 Soddy-Daisy 59.0 13,510 3.2x 72.4x
68 Dyersburg 59.67 16,371 3.1x 62.5x
69 Germantown 60.33 39,196 2.7x 90.9x
70 White House 61.0 12,258 2.8x 75.7x
71 Fayetteville 61.0 7,046 3.1x 61.5x
72 Winchester 61.67 8,818 3.1x 70.8x
73 Oak Ridge 62.33 29,124 2.8x 64.4x
74 Humboldt 63.67 8,145 2.6x 48.7x
75 Munford 63.67 6,090 2.7x 71.9x
76 Mcminnville 64.33 13,707 2.9x 58.0x
77 Millington 64.67 10,650 2.3x 53.3x
78 Lakeland 65.0 12,644 2.6x 93.3x
79 Jefferson City 65.0 8,220 3.1x 68.7x
80 Hartsville/trousdale County 65.0 10,910 2.9x 71.8x
81 Ripley 65.0 7,852 2.6x 51.0x
82 Savannah 65.33 6,934 3.1x 61.3x
83 Mckenzie 66.33 5,517 2.7x 54.4x
84 Portland 67.0 12,928 2.8x 66.5x
85 Dayton 67.33 7,357 2.8x 56.3x
86 Sweetwater 67.67 5,894 3.2x 71.6x
87 Atoka 68.67 9,407 2.4x 73.7x
88 Rockwood 68.67 5,446 2.7x 55.2x
89 Manchester 69.33 10,896 2.8x 66.5x
90 Brownsville 72.0 9,497 2.6x 55.4x
91 La Follette 72.33 6,762 2.4x 54.4x
92 Pulaski 72.33 7,614 2.7x 59.4x
93 Harriman 73.67 6,144 2.9x 66.5x
94 Mount Carmel 75.0 5,297 2.7x 83.7x
95 Church Hill 80.33 6,664 2.5x 85.4x
96 Henderson 82.0 6,323 2.2x 60.0x
97 Milan 83.67 7,642 2.3x 66.0x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.