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Cost of Retiring in Tennessee (TN) 2026

Tennessee has no state income tax. No tax on Social Security, pensions, or any retirement income. Low cost of living.

None
Top Income Tax Rate
91.9
Cost of Living Index (Below average)
No
Taxes Social Security
$0
Est. State Tax on $60K Income

Tax on $60,000 Retirement Income

Gross annual income$60,000
Top state income tax rateNo income tax
Estimated effective rate0%
Estimated annual state tax$0
Monthly tax impact$0
After-tax income$60,000

5 Cheapest Alternative States

StateRateEst. Tax on $60K
AlaskaNo tax$0
FloridaNo tax$0
NevadaNo tax$0
New HampshireNo tax$0
South DakotaNo tax$0

Moving from Tennessee to Alaska could save ~$0/year in state income tax alone.

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Source: IRS Rev. Proc. 2025-32, BEA Regional Price Parities (2024 vintage), SSA 2026 bend points. Tax estimates use a 60% effective factor on the top marginal rate as a simplified model. Consult a tax professional for your specific situation. Not financial advice.

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