On a list of the top 11, Tennessee came in at No. 5.

According to SmartAsset: “Tennessee is another state with a 0 percent effective income tax, which is only partly offset by the nation’s highest average state and local sales taxes at 9.5 percent. Tennessee alsohas 6.55 doctors’ offices per 10,000 residents, and 36 arts, entertainment and recreation establishmentsper 100,000 residents.”

Click here to see the entire study.


In June,Washington, D.C.-based business and personal finance publisher Kiplinger.com ranked Tennessee the fourth-best state to retire. Click here to read more about that.

And last January, personal finance social networkWalletHub.comranked Tennessee at No. 26.