One of the major reasons retirees move to East Tennessee and Knoxville, Tennessee is because the state does not tax individual income earned by its residents. This means that retirees can keep more of their hard-earned money have better financial stability in their golden years. The cost of living in Tennessee is 12% lower than the national average, making it a budget-friendly option for retirees who may be living on fixed incomes.
Tennessee is a retiree’s paradise! Known for its warm weather, scenic landscapes, and friendly communities, it’s no surprise that Tennessee has become a preferred retirement destination for many individuals.
It’s not just the tax benefits that make Tennessee an attractive place for retirees. The state’s tax laws are constantly evolving to become more favorable. In 2012, the gift tax was repealed, followed by the estate tax in 2016 and the Hall tax in 2022. These changes have made Tennessee an attractive place to live for retirees looking to make the most of their retirement savings.
In 2018, renowned financial publication Kiplinger ranked Tennessee as the fifth best state to retire in. This ranking was based on various factors, including the cost of living, tax burden, and accessibility to healthcare. The publication also considered the overall economic health of the state and the well-being of its population over the age of 65.
Tennessee is a haven for retirees with its tax-friendly policies, variety of recreational activities, and scenic landscapes. It’s the perfect place to retire and enjoy a fulfilling and stress-free lifestyle.
Real Estate Listings in Knoxville:
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Lot Size6,099 sqft
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Home Size1,991 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built2024
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Lot Size4.87 ac
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Home Size2,340 sqft
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Beds5 Beds
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Baths4 Baths
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Year Built1978
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Lot Size27,443 sqft
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Home Size850 sqft
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Beds3 Beds
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Baths1 Bath
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Year Built1966
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Lot Size9,148 sqft
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Home Size1,618 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built2024
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Lot Size6,534 sqft
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Home Size1,497 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built2024
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Lot Size436 sqft
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Home Size1,408 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1994
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Lot Size6,534 sqft
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Home Size2,164 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2024
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Lot Size26,136 sqft
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Home Size5,065 sqft
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Beds6 Beds
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Baths5 Baths
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Year Built2007
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Lot Size16,118 sqft
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Home Size2,066 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2007
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Lot Size10,455 sqft
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Home Size2,223 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2007
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Lot Size5,228 sqft
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Home Size1,991 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built2022
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Lot Size8,712 sqft
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Home Size2,164 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built2024
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Lot Size7,406 sqft
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Home Size1,064 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1947
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Lot Size
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Home Size1,624 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built2018
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Lot Size6.80 ac
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Home Size1,232 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1969
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Lot Size15,682 sqft
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Home Size2,170 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1980
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Lot Size17,860 sqft
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Home Size1,992 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1957
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Lot Size5.40 ac
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Home Size3,250 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1987
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Lot Size13,068 sqft
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Home Size1,350 sqft
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Beds3 Beds
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Baths4 Baths
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Year Built1950
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See all Knox County.
(all data current as of
4/25/2024)
Listing information deemed reliable but not guaranteed. Read full disclaimer.