Regional Price Parity, all items
91.9
2024 · BEA Regional Price Parities
Housing price parity (rents)
79.1
2024 · BEA Regional Price Parities
Utilities price parity
72.1
2024 · BEA Regional Price Parities
Goods price parity
96.2
2024 · BEA Regional Price Parities
Medical care price index (South region)
544.6
2025 · BLS CPI-U medical care
Regular gasoline price
$4.11 per gallon
Week of 2026-10-05 · U.S. EIA weekly retail price
Cost of living index
90.3
U.S. avg = 100
Housing cost index
83
Historical data
Pick an indicator to see its long-run evolution.
Cost of living index
2010–202490.3▲ 0%
MERIC composite index, U.S. average = 100.
Cost of Living Index
Composite cost index.
Regional Price Parity, all items
91.9
2024 · BEA Regional Price Parities
Rank
9th cheapest
Trend
Stable
Regional Price Parity, all items
2008–202491.9▲ 0%
BEA Regional Price Parities (SARPP line 1).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Regional Price Parity, all items2024, BEA Regional Price Parities | 91.9 | 100 |
- •No state tax on wage income helps make Tennessee one of the ten most affordable states in the country.
Housing Costs
Housing component of the index.
Housing price parity (rents)
79.1
2024 · BEA Regional Price Parities
Median rent
$1,240
Median home value
$311,000
Housing price parity (rents)
2008–202479.1▲ 9%
BEA Regional Price Parities, housing (SARPP line 3).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Housing price parity (rents)2024, BEA Regional Price Parities | 79.1 | 100 |
Utility Costs
Energy and utility spending.
Utilities price parity
72.1
2024 · BEA Regional Price Parities
Electricity price per kWh (South region)
$0.155 per kWh
2024 · BLS Average Price Data
Avg. electricity bill
$137 /mo
Electricity price
11.6 ¢/kWh
Utilities price parity
2008–202472.1▼ 9%
BEA Regional Price Parities, utilities (SARPP line 4).
Electricity price per kWh (South region)
1979–2024$0.155▲ 260%
BLS Average Price Data, annual average (APU030072610).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Utilities price parity2024, BEA Regional Price Parities | 72.1 | 100 |
Food Costs
Grocery spending.
Goods price parity
96.2
2024 · BEA Regional Price Parities
Grocery tax
4% state
Plus local
Goods price parity
2008–202496.2▼ 0%
BEA Regional Price Parities, goods (SARPP line 2).
Food price index (South region)
2006–2025335.2▲ 73%
BLS CPI-U food, South region, annual average (CUUR0300SAF1).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Goods price parity2024, BEA Regional Price Parities | 96.2 | 100 |
Healthcare Costs
Medical spending.
Medical care price index (South region)
544.6
2025 · BLS CPI-U medical care
Health spending per capita
$8,900
Uninsured rate
10.1%
Medical care price index (South region)
2006–2025544.6▲ 69%
BLS CPI-U medical care, South region, annual average (CUUR0300SAM).
Transportation Costs
Cost of getting around.
Regular gasoline price
$4.11 per gallon
Week of 2026-10-05 · U.S. EIA weekly retail price
Avg. commute
25.4 min
Regular gasoline price
1993–2025$2.94▲ 183%
U.S. EIA weekly retail price, all formulations, Midwest region (PADD 2), annual average (EMM_EPMR_PTE_R20_DPG).
| Indicator | Tennessee | U.S. |
|---|---|---|
| Regular gasoline priceWeek of 2026-10-05, U.S. EIA weekly retail price | $4.11 per gallon | $4.35 per gallon |
More figures
Utilities index
96
Food & groceries index
96
Healthcare index
91
Transportation index
92
Avg. electricity bill
$137 /mo