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Whatever money you gain from income tax in TN will be lost by housing and land being like 1.5x more in eastern TN as compared to NWA. Eastern TN has more dramatic scenery than AR, but all those mountains and ridges confine people into small valleys, meaning it's going to be way more crowded. Look at it on Google Earth. It's probably going to get a lot more retirees as well, because there's just so many more people on the east coast than the central US.
I think AR offers a better deal, especially since it'd be closer to where you're from. AR has beautiful enough scenery in my book, but it still feels undiscovered, which is cool.
I think that the tax situation would still be better off in TN than Arkansas considering the high income potential if we get the company off the ground.
Hard sell on either one of these. I agree that whatever you save in taxes in Arkansas will be made up for by other cost of living measures in Tennessee,,,
Tennessee is the more interesting place. Don't know that I'd want to live there, though I almost moved to Nashville 8 years ago....
If I had to pick one..........................it would be somewhere in Tennessee, but my interests are different from yours, and I'm not the biggest fan of either state...
Personally, I find the current demographics of Texas startling. At this time, only 40-45% of Texas' population is non-Hispanic white. Conversely, both Arkansas and Tennessee have populations that fall within the 70-75% range. In my perspective, the implications of Texas' low non-Hispanic population are very grave and will have daunting consequences on the state's culture, politics and public education system. One must only look to California and Nevada to observe the monstrous political and sociocultural changes that have occurred over the course of 1-2 generations within those states.
Relative to Texas, Arkansas and Tennessee are lower-population states that, with the glaring exception of Nashville, mostly fly under the national radar. In addition to more preferable demographics, Arkansas and Tennessee host stunning natural beauty that is unparalleled in Texas. Due to the abundance of lakes, mountains and woods in both Arkansas and Tennessee, I would imagine that an outdoor enthusiast would vastly prefer either state to Texas. Due to its situation in the Appalachian Mountains, east Tennessee in particular feels like a very old land that teems with divine inspiration, probably more so than most other places in the United States.
Well im outdoorsy and I prefer the outdoors in Texas to Arkansas and TN but thats just me.
Hard sell on either one of these. I agree that whatever you save in taxes in Arkansas will be made up for by other cost of living measures in Tennessee,,,
Tennessee is the more interesting place. Don't know that I'd want to live there, though I almost moved to Nashville 8 years ago....
If I had to pick one..........................it would be somewhere in Tennessee, but my interests are different from yours, and I'm not the biggest fan of either state...
how much do you think you would have to make for TN to work better than Arkansas?
Then in that case I think TN might make more financial sense than Arkansas.Thanks Kathryn.
You are very welcome! My husband and I seriously considered both states and actually went to Hot Springs and Chattanooga and looked seriously at real estate and the surrounding areas and crunched a lot of numbers. We could literally live anywhere and those two states made our short list. We quickly moved past Arkansas though for a number of reasons, but kept Chattanooga and Knoxville on the list and made several trips out there. We finally decided against Chattanooga but not because of the cost of living, which seems to be similar to the Tyler area, but simply because it was such a lateral move and we wondered if it was worth the hassle. I mean, if we want to go there for activities, we can just go there - we don't have to LIVE there. But that whole area is very nice.
One thing that was sort of a turnoff to me though was the emphasis on nuclear power plants - they are EVERYWHERE. We moved to Germany four years after the Chernobyl disaster and were aware that even though levels were now OK, just about ALL of Europe was adversely affected, including southern Germany. I just don't like that. Haven't grown any horns yet though so maybe we dodged that bullet!
Whatever money you gain from income tax in TN will be lost by housing and land being like 1.5x more in eastern TN as compared to NWA. Eastern TN has more dramatic scenery than AR, but all those mountains and ridges confine people into small valleys, meaning it's going to be way more crowded. Look at it on Google Earth. It's probably going to get a lot more retirees as well, because there's just so many more people on the east coast than the central US.
I think AR offers a better deal, especially since it'd be closer to where you're from. AR has beautiful enough scenery in my book, but it still feels undiscovered, which is cool.
This really needs to be qualified.
I know nothing but northwest AR, but I'm a mostly lifelong east TN native. Land prices here vary considerably.
In upper northeast TN, the highest land prices are going to be in Washington County, which has the premiere city in the area and is the most developed. Rural counties, especially those without interstate access or poor infrastructure, like Hawkins, Grainger, and Claiborne, land and housing prices go down dramatically.
I used to live in Indiana and Iowa. On roughly the same income as Indiana, I save about $200/month in income taxes. Property tax rates are somewhat cheaper here. Sales tax is a couple points higher in TN, but I live about a mile from Virginia, and do most of my shopping in Virginia.
I'm very familiar with both states and my husband and I even seriously considered moving to both Hot Springs and Chattanooga.
We came a lot closer to moving to Chattanooga because of the tax situation. If I had to choose either state over Texas, I'd personally definitely go with Chattanooga or that area.
Arkansas seems to cater to a poor lifestyle - sorry but that's just the truth. I would recommend a weekend trip to Chattanooga - I think you may be very pleasantly surprised. It is VERY different from Memphis.
Caters to a poorer lifestyle? Jesus.
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