New York
Very High tax burden · COL index 139
Wins 6 categories
Tennessee
Low tax burden · COL index 92
Wins 7 categories
Tennessee has no state income tax. New York's top rate is 10.9%. Cost of living in New York (index 139) runs 51% higher than Tennessee (index 92). Property taxes are meaningfully different: New York averages 1.4% annually vs Tennessee's 0.45%. The median home in New York costs $470K vs $350K in Tennessee.
Taxes
Housing & Cost of Living
Crime & Safety
Healthcare
Education
Childcare
Utilities & Daily Costs
Social Policy
Category wins
6
New York
7
Tennessee
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Score For My Profile →People Also Ask
Is it cheaper to live in Tennessee or New York?
Overall cost of living in New York, NY is 142.8% higher than in Nashville, TN. The average listing price for a home in New York, NY is $3,020,778, which is 465.4% higher than Nashville, TN. The average cost of groceries in New York, NY is 16.2% higher than Nashville, TN.
How much is $100,000 in Tennessee after taxes?
What is the downfall of living in Tennessee?
Why are New Yorkers moving to Tennessee?
The tax advantage is real New Yorkers feel this one immediately. Tennessee has no state income tax. That alone puts money back into your pocket every year. Combine that with lower property taxes and the difference adds up fast.