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Living in Tennessee · 2026

Is $48,000 enough to live in Tennessee?

Single adult · TN · 2026 tax brackets · Real cost-of-living data

Statewide verdict:Comfortable

Monthly take-home

$3,390

Avg monthly expenses

$2,332

Avg monthly surplus

$1,058

Savings potential

~31%

After-tax take-home in Tennessee

Gross salary$48,000
Federal income tax− $3,654
State income tax− $0
Social Security− $2,976
Medicare− $696
Annual take-home$40,674
Effective tax rate15.26%

How $48,000 feels in Tennessee cities

Rent: HUD FMR 2026 · Food: USDA Low-Cost Plan × COL · Transport/Utilities/Healthcare: BLS CES × COL

Nashville

COL index: 1.31× national avg

Manageable
Rent (1BR)
$1,900
Food
$475
Transport
$229
Utilities
$216
Healthcare
$262
Total: $3,082/mo
Surplus: $308/mo
Rent burden: 56.1% — Unaffordable (> 50%)
Full Nashville analysis →

Memphis

COL index: 0.91× national avg

Comfortable
Rent (1BR)
$1,100
Food
$387
Transport
$159
Utilities
$150
Healthcare
$182
Total: $1,978/mo
Surplus: $1,412/mo
Rent burden: 32.5% — Manageable (25–35%)
Full Memphis analysis →

Knoxville

COL index: 1.03× national avg

Comfortable
Rent (1BR)
$1,300
Food
$405
Transport
$180
Utilities
$170
Healthcare
$206
Total: $2,261/mo
Surplus: $1,129/mo
Rent burden: 38.4% — High (35–50%)
Full Knoxville analysis →

Chattanooga

COL index: 1.00× national avg

Comfortable
Rent (1BR)
$1,250
Food
$396
Transport
$175
Utilities
$165
Healthcare
$200
Total: $2,186/mo
Surplus: $1,204/mo
Rent burden: 36.9% — High (35–50%)
Full Chattanooga analysis →

Clarksville

COL index: 0.95× national avg

Comfortable
Rent (1BR)
$1,150
Food
$405
Transport
$166
Utilities
$157
Healthcare
$190
Total: $2,068/mo
Surplus: $1,322/mo
Rent burden: 33.9% — Manageable (25–35%)
Full Clarksville analysis →

Murfreesboro

COL index: 1.08× national avg

Comfortable
Rent (1BR)
$1,400
Food
$431
Transport
$189
Utilities
$178
Healthcare
$216
Total: $2,414/mo
Surplus: $976/mo
Rent burden: 41.3% — High (35–50%)
Full Murfreesboro analysis →

50 / 30 / 20 Budget Planner

Based on your monthly take-home of $3,390 ($40,680/yr)

Needs 50%Wants 30%Savings 20%
Needs50%

$1,695

per month

  • ›Rent / mortgage
  • ›Groceries
  • ›Utilities
  • ›Insurance
  • ›Minimum debt payments
  • ›Transportation
Wants30%

$1,017

per month

  • ›Dining out
  • ›Streaming services
  • ›Gym
  • ›Hobbies
  • ›Travel
  • ›Shopping
Savings20%

$678

per month

  • ›Emergency fund
  • ›401(k) / IRA
  • ›Investments
  • ›Down payment fund
  • ›Debt payoff (extra)

Needs / year

$20,340

Wants / year

$12,204

Savings / year

$8,136

Salary Intelligence

Financial pressure in Nashville

Rent alone would take 56% of take-home income. This salary creates significant financial pressure in this city — a $76,000 annual income or lower rent is needed to reach affordability.

Lifestyle score: 2.6/10 (Challenging)

Lifestyle Assessment

A $48,000 salary can cover essential living costs for a single adult in Nashville, Tennessee, but leaves little room for savings (~9% of take-home). Lifestyle is rated challenging, with careful budgeting required to avoid month-to-month shortfalls.

Purchasing Power

Nashville's above-average cost of living (index: 1.31) means $48,000 provides the purchasing power of roughly $36,641 in an average-cost US city, or $43,237 in Austin. Moving to a lower-cost state could effectively increase your take-home by thousands.

State & National Benchmark

$48,000 is 26% above the Tennessee individual median ($38,000) and 14% below the US national median of $56,000.

State individual median

$38,000

+26%

State household median

$65,619

-27%

Tax reduction strategies

Maximize 401(k) Contributions — Up to $5,170 in federal tax (22% bracket)
Contribute to a Traditional IRA — Up to $1,540 in federal tax (22% bracket)

$48,000 vs. Tennessee income benchmarks

Individual median (Tennessee)

$38,000

+26% vs. this salary

Household median (Tennessee)

$65,619

-27% vs. this salary

Source: US Census Bureau ACS 2023

Related salary insights

Explore other salary levels in Tennessee

$40,000$60,000$100,000$150,000$200,000$300,000
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Reviewed by

Finance Editor

CPA, 10+ years in personal finance

Data Sources

Data updated monthly using government datasets.