Have you considered moving to another state? If you were like many people, Tennessee could be the answer. There are various reasons to move to Tennessee. The ideal weather, energetic cities, and diverse attractions keep generations of visitors coming back.
Tennessee is considered the 16th most popular state in the country. It is the perfect place to live for any lifestyle. It is why many young professionals, families, students, and retirees are heading to Tennessee.
These are some of the most popular reasons why the South has a rising number of new residents.
Low Taxes To Pay
Tennessee residents do not have to pay state income tax on wages or salaries. There is a flat tax imposed on all income from interest from bonds and dividends from stock to consider. It is expected to be phased out within the next few years.
Having little to no state income tax, residents also pay low property taxes. It makes the state home to some of the lowest property taxes in the U.S.
Read more: 20 Ways to Use Your Tax Refund to Build Wealth
Thriving Economy
Tennessee’s economy was at the center of an unprecedented upswing when the pandemic struck.
Unemployment rates were at a record low as corporations flourished. With the booming economy and numerous large companies, Tennessee is one of the best places in the country to find employment. For new businesses starting, the state has no problem attracting talent from all over the country.
Ideal Cost Of Living
The low property taxes and no state income tax is why people can afford to live comfortably in Tennessee. Residents also have an overall low cost of living on every service and good.
Good Healthcare Available
Tennessee is home to world-class hospitals and healthcare facilities. Some of the best doctors are in Tennessee. The state is home to many excellent hospitals. These include CHI Memorial Hospital, University of Tennessee Medical Center, and the Vanderbilt University Medical Center.
Booming Real Estate Market
The past year has been challenging for the overall economy. However, The real estate market was booming. Home buying in the southern state is far easier than expected. The costs of houses mean you are likely to get more for your money.
If you need a brief 101 about home buying in Tennessee, speak with a local mortgage lender. They can provide you with further information and help secure a loan to pay for your dream Southern property.
Highly Regarded Education System
For families, the schools in Tennessee are one of the best reasons to move. Families of school-age children will find no shortage of highly regarded public schools throughout Tennessee.
It is also home to top universities and colleges. These include the University of Tennessee, Belmont University, and the University of Memphis.
