Most Expensive Cities in Tennessee: 2024 Metro Ranking
Compare the most expensive cities and metro areas in Tennessee, ranked by the 2024 BEA cost-of-living index. 10 metro areas are available.
According to the U.S. Bureau of Economic Analysis, Nashville-Davidson--Murfreesboro--Franklin, TN has the highest overall Regional Price Parity in this Tennessee ranking at 96.3. The national average is 100, so this comparison identifies the highest relative price level among the metro areas BEA reports; it does not estimate a household budget or explain why local prices differ.
- Nashville-Davidson--Murfreesboro--Franklin, TN ranks first of 10 listed Tennessee metro areas by overall cost
- 0 of 10 listed metros are above the U.S. price-level benchmark
- Nashville-Davidson--Murfreesboro--Franklin, TN's overall RPP fell 0.7 pts from 2023 to 2024
| # | Metro | Overall |
|---|---|---|
| 1 | Nashville-Davidson--Murfreesboro--Franklin, TN | 96.3 |
| 2 | Knoxville, TN | 92.6 |
| 3 | Memphis, TN-MS-AR | 92.2 |
| 4 | Chattanooga, TN-GA | 91.5 |
| 5 | Clarksville, TN-KY | 90.9 |
| 6 | Cleveland, TN | 88.1 |
| 7 | Johnson City, TN | 87.9 |
| 8 | Kingsport-Bristol, TN-VA | 86.4 |
| 9 | Morristown, TN | 86.4 |
| 10 | Jackson, TN | 85.5 |
Where the Premium Lives in Tennessee
None of the listed Tennessee metros clears the U.S. benchmark. This is an in-state ranking of relative cost, not evidence that the leading metro is nationally expensive.
Nashville-Davidson--Murfreesboro--Franklin, TN leads Knoxville, TN, while Jackson, TN marks the other end of this 10-market list. The 10.8-point span shows a tiered market rather than one statewide price level.
Below the leader, the next comparison tier is Knoxville, TN, Memphis, TN-MS-AR, Chattanooga, TN-GA. Their order comes from overall RPP, while the table keeps goods, services, and rents visible so a reader can reject a superficially similar market with the wrong cost mix.
Local services is the component furthest from the national benchmark in Nashville-Davidson--Murfreesboro--Franklin, TN, but it remains below 100 at 72.0. In this state, “most expensive” can still mean least affordable only relative to nearby metros, not expensive compared with the country.
At Nashville-Davidson--Murfreesboro--Franklin, TN's price level, a national-average $100,000 lifestyle translates to about $96,338. Treat that as a purchasing-power screen, then verify occupation pay, current HUD rent, and state tax treatment before comparing an offer.
Latest BEA release change
How Nashville-Davidson--Murfreesboro--Franklin, TN's relative premium eased
From 2023 to 2024, Nashville-Davidson--Murfreesboro--Franklin, TN's overall RPP fell by 0.7 points, from 97.0 to 96.3. The largest component move was services , which changed by -4.7 points . RPP is a relative price index, so this reports movement against the U.S. benchmark rather than a household's dollar bill.
Housing is the pressure category on the latest snapshot (104.6 rents RPP vs 96.3 overall). Nashville-Davidson--Murfreesboro--Franklin, TN leads Knoxville, TN by 3.8 points across a 10.8-point in-state span.
Source: Bureau of Economic Analysis, Regional Price Parities Index where national average = 100
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.