The small-town life enjoyed by the residents of White Pine, TN, is full of numerous benefits. The town is surrounded by beautiful mountain scenery, has a relaxed pace of life, and makes residents feel like they are a part of one big family. While these are enough for most people to consider the town a worthwhile place of residence, there are many additional reasons why someone would want to live in White Pine, including economic benefits. The cost of living in White Pine, TN, is considerably lower than the US average and most of the rest of the state of Tennessee. Overall, the cost of living in White Pine is 21.5 percent lower than the US average and 9.1 percent lower than the Tennessee average. Here are some of the ways life in White Pine, TN, is more affordable.
Housing Costs in White Pine, TN
The median cost of a home in White Pine, TN, is $101,000. This is roughly half the US median housing cost and over 20 percent lower than that of the state of Tennessee. This means it is much easier to afford a home in White Pine than in most other parts of the state and country. Rent is also significantly more affordable in this small town. The average monthly rent for two bedrooms in White Pine is $710, while the US average is $1148. The average cost of utilities is less expensive than the national average as well. The low cost of housing in White Pine, TN, makes this small town one of the most affordable places to live in the United States, ideal for young adults, families, and retirees.
Because of the small size and population of White Pine, TN, transportation is more affordable in this small town than it is in many larger towns and cities across the United States. White Pine’s average transportation cost is 10.3 percent lower than the national average. This average cost includes the cost of fuel, car insurance, maintenance expenses, and mass transit fare. Unlike in larger cities, mass transit fare is not an expensive factor in White Pine’s transportation costs. The price of gasoline in White Pine is typically less expensive than the US average by at least a few percentage points, and vehicle maintenance expenses can be up to 45 percent lower in White Pine when compared to the national average. These low transportation costs make commuting to work and other travel much more affordable in White Pine, TN.
In light of recent events, unemployment rates all across the United States have deviated from their usual trends. However, the Town of White Pine typically experiences lower unemployment rates when compared to the US average. White Pine, TN, has also recently seen an increase in the job market by 1.6 percent, and future job growth in the area is expected to be 39.1 percent over the next 10 years, which is 5.6 percent higher than the national average of 33.5 percent. New businesses and industries are continually finding their home in White Pine, TN, so there is no fear of a shortage of jobs in this small town in the foreseeable future.
No Income Tax
The state of Tennessee is one of only nine US states with no personal income tax. This makes Tennessee economically attractive to current and potential residents. In addition to state income tax, some cities and counties in the United States also choose to impose local income taxes. The Town of White Pine, TN, however, does not have a local income tax and neither does Jefferson County, the county in which the town resides. The absence of both state and local income taxes is a major economic benefit that helps keep the cost of living in White Pine, TN, as low as possible.
Living in White Pine, TN
These are but a few of the ways life in the small town of White Pine, TN, is more affordable than many other places in the United States. Some other things that typically cost less in White Pine than the national average include groceries, health care, dining, education, entertainment, and more. All of these contribute to the low cost of living in White Pine, TN, and help make the town an economical place to live.
In addition to its low cost of living, White Pine, TN, also provides other benefits to its residents. The small town sits just a short distance from the Great Smoky Mountains National Park and is located in between two of Tennessee’s best fishing lakes, Douglas Lake and Cherokee Lake, giving residents breathtaking views and ample opportunities for recreation and outdoor fun. Because of its small size and population, White Pine is a quiet, peaceful town where everybody knows everybody. This relaxed pace of life is sought after by many, and it is one of the town’s residents’ favorite qualities of White Pine.
If you are looking to move away from the craziness of expensive busy city life to enjoy the calm of affordable life in a small town, consider making White Pine, TN, your new home.