Research / Most affordable ZIP codes
Most affordable ZIP codes in Tennessee
Ranked by the SkaldMaps Cost of Living Index, lowest first. 100 is about the national level; lower values indicate lower estimated costs.
How we rank lowest cost of living
The Cost of Living Index combines the local cost of everyday goods and services with the estimated cost of owning a typical listed home, including mortgage payments, property taxes, insurance, and maintenance. These measures are combined and compared with a national baseline.
100 is about the national level. Below 100, a homebuyer's money goes further; above 100, it goes less far.
It reflects homes for sale today, not what current owners pay, so it needs listing data: ZIPs without enough listings are not ranked. It does not include income, so a low index does not mean local wages cover local costs.
Only ZIPs with at least 1,000 residents are ranked, so a handful of households cannot top the list. 452 Tennessee ZIPs qualify.
Tennessee ZIP codes ranked by lowest cost of living
1ZIP 38106Memphis
Tennessee
- Cost of living index
- 64.7
- ZIP population
- ~21k
- Avg. temperature
- 64°F
- Avg. commute
- 21 min
2ZIP 38127Memphis
Tennessee
- Cost of living index
- 65.8
- ZIP population
- ~40k
- Avg. temperature
- 63°F
- Avg. commute
- 22 min
3ZIP 38109Memphis
Tennessee
- Cost of living index
- 66.0
- ZIP population
- ~42k
- Avg. temperature
- 63°F
- Avg. commute
- 24 min
4ZIP 38108Memphis
Tennessee
- Cost of living index
- 66.6
- ZIP population
- ~18k
- Avg. temperature
- 63°F
- Avg. commute
- 25 min
5ZIP 38316Bradford
Tennessee
- Cost of living index
- 68.6
- ZIP population
- ~3k
- Avg. temperature
- 61°F
- Avg. commute
- 26 min
6ZIP 38114Memphis
Tennessee
- Cost of living index
- 69.3
- ZIP population
- ~20k
- Avg. temperature
- 64°F
- Avg. commute
- 20 min
| Rank | ZIP | City | County | Cost of living index |
|---|---|---|---|---|
| #7 | 38118 | Memphis | Shelby County | 69.5 |
| #8 | 38128 | Memphis | Shelby County | 69.9 |
| #9 | 38115 | Memphis | Shelby County | 70.0 |
| #10 | 38382 | Trenton | Gibson County | 70.9 |
| #11 | 38369 | Dyer | Gibson County | 71.0 |
| #12 | 38229 | Dresden | Weakley County | 71.8 |
| #13 | 37762 | Jellico | Campbell County | 71.9 |
| #14 | 38116 | Memphis | Shelby County | 72.1 |
| #15 | 38257 | Fulton | Obion County | 72.2 |
| #16 | 38301 | Jackson | Madison County | 72.5 |
| #17 | 38079 | Tiptonville | Lake County | 73.2 |
| #18 | 38330 | Dyer | Gibson County | 73.2 |
| #19 | 38122 | Memphis | Shelby County | 73.3 |
| #20 | 38034 | Friendship | Crockett County | 73.4 |
| #21 | 37665 | Kingsport | Sullivan County | 73.9 |
| #22 | 37723 | Crab Orchard | Cumberland County | 73.9 |
| #23 | 38107 | Memphis | Shelby County | 74.1 |
| #24 | 38126 | Memphis | Shelby County | 74.3 |
| #25 | 38362 | Oakfield | Madison County | 74.6 |
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More Tennessee research
Best ZIP codes for schools
Ranked by school quality index
- Tennessee median ZIP
- 38.6
- Middle 80% of ZIPs
- 28.0 to 47.2
ZIP codes with the shortest commutes
Ranked by mean commute
- Tennessee median ZIP
- 27.6 min
- Middle 80% of ZIPs
- 19.8 min to 37.2 min
Best healthcare access
Ranked by healthcare access score
- Tennessee median ZIP
- 92.5
- Middle 80% of ZIPs
- 86.5 to 98.2
Best broadband coverage
Ranked by households with broadband
- Tennessee median ZIP
- 86.8%
- Middle 80% of ZIPs
- 77.2% to 94.4%
Warmest ZIP codes
Ranked by avg. temperature
- Tennessee median ZIP
- 59.6°F
- Middle 80% of ZIPs
- 57.0°F to 61.5°F