The Movoto Real Estate blog has written an article about the 10 most affordable places in Tennessee to live. From the Smoky Mountains to Graceland, Tennessee has a lot to offer.
Despite being a large city, Memphis ended up being the best place to stretch your dollar. There were nine other places that stood out as being particularly cost friendly spots to call home.
The Movoto Real Estate blog made a list of places in Tennessee with more than 10,000 people according to the 2010 U.S. Census, which came out to 56 different places. They then used Census data to rank each place in six different categories:
• Food costs
• Utility costs
• Miscellaneous costs
• Median home price
• Unemployment rank
• Adjusted median income
Movoto gave all 56 places a score from 1 to 56 in each criterion, with one being the best. They averaged those rankings together into one Big Deal Score, and the place with the lowest average was No. 1.
Manchester was ranked 10th out of 56 in the report. Manchester is the home to 10,102 people, has good prices for all sorts of living expenses. The food cost ranked seventh, and the miscellaneous cost of living rank was a low 17th. Utilities costs were also not very expensive, and the unemployment rate was also good.
The main area in which Manchester showed off its affordability was in the median home price, which ranked 14th at only $101,600.
Music lovers will be happy to know that this place is home to the Bonnaroo Music festival, which attracts 100,000 people from all over the world, but the penny savers might not enjoy its high price tag. Instead, cheap fun can be found at the local recreation center, one of the numerous parks, or one of the many free family fun days.
Movoto is an online real estate brokerage from California.
What Are The 10 Most Affordable Places In Tennessee? Manchester Ranks 10th
