This small Tennessee town has an enviable cost of living that is nearly 18 percent below the national average, and a median home price of less than $60,000. Combine that with the state’s income tax of 6% on dividends and interest income only, and you’ve got a great deal for retirees.
Paris’s claim to fame may well be it’s manmade lake; with an area of 250 square miles, it’s the largest manmade lake by surface area in the United States east of the Mississippi River.
Other nearby attractions include the Land Between the Lakes, a 170,000 acre recreation area with hiking trails, boating, campgrounds and an off-road vehicle area. Birdwatchers can explore the National Wildlife Refuge, while golfers will enjoy the town’s proximity to at least 6 nearby golf courses.
Perhaps Paris’s major flaw is that it might feel like too small a town for some retirees. Shopping is limited, as are jobs — unemployment is hovering over 10% here.
Con: High unemployment
Best For: Outdoors lovers
Cost of Living: 17.8% lower than national average
Median Home Cost: $59,400
Top State Income Tax: State income tax of 6% on dividends and interest income only
Crime Rate: 9% higher than national average