New Jersey
Very High tax burden · COL index 121
Wins 6 categories
Tennessee
Low tax burden · COL index 92
Wins 7 categories
Tennessee has no state income tax. New Jersey's top rate is 10.75%. Cost of living in New Jersey (index 121) runs 32% higher than Tennessee (index 92). Property taxes are meaningfully different: New Jersey averages 2.13% annually vs Tennessee's 0.45%. The median home in New Jersey costs $500K vs $350K in Tennessee.
Taxes
Housing & Cost of Living
Crime & Safety
Healthcare
Education
Childcare
Utilities & Daily Costs
Social Policy
Category wins
6
New Jersey
7
Tennessee
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Is it cheaper to live in Tennessee or New Jersey?
Overall cost of living in Nashville, TN is 8.2% lower than in Morristown, NJ. The average listing price for a home in Nashville, TN is $534,248, which is 20.2% lower than Morristown, NJ. The average cost of groceries in Nashville, TN is 2.1% lower than Morristown, NJ.
Why are people moving away from New Jersey?
This shift in migration patterns shows that despite a major outbound state like New Jersey, attracting aspiring workers, more and more people leave at the same time due to retirement, changes in lifestyle and living costs.
What's the prettiest town in Tennessee?
What are the drawbacks to living in Tennessee?
Hot, Humid Summers Summers in Tennessee can be extremely hot and humid, making outdoor activities uncomfortable. High temperatures often increase air conditioning costs, impacting monthly bills. For some, the intense summer heat is a drawback of living in Tennessee.