How Much Does Assisted Living Cost in Tennessee?
The average cost of assisted living in Tennessee is $4,087/mo ($49,044/yr), which is 15% below the national average.
Monthly Cost
$4,087/mo
Annual Cost
$49,044/yr
National Average
$4,807/mo
Cost by City
| City | Monthly Cost | Annual Cost | Difference |
|---|---|---|---|
| Nashville | $4,300/mo | $51,600/yr | +5.2% |
| Memphis | $3,900/mo | $46,800/yr | -4.6% |
| Knoxville | $3,800/mo | $45,600/yr | -7.0% |
Nearby States
Medicaid Coverage — Tennessee
Medicaid accepted in this state Tennessee accepts Medicaid for assisted living services.
- Medicaid eligibility requirements vary — income and asset limits apply.
- Many states offer Home and Community-Based Services (HCBS) waiver programs.
- Contact your local Area Agency on Aging for application assistance.
How to Save
- 1. Ask for the cash/self-pay price — often 40-60% less than the billed price.
- 2. Compare prices between hospitals and freestanding centers.
- 3. Check if your insurance covers the procedure and what your copay will be.
- 4. Ask about payment plans or financial assistance programs.
- 5. Consider nearby states — prices can vary significantly across state lines.
Data sourced from Genworth/CareScout Cost of Care Survey 2025. Last updated: 2026-03-01. This information is for educational purposes only and does not constitute medical advice.