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I'm sure you will get some answers from those who live there, but, my sister and her husband moved south from New England a few years ago. I'm sure wages (and cost of living) in NE are somewhat like those in California and upstate NY (depending on how far upstate). They first moved to the Hilton Head area and were dismayed at how little they were able to earn in comparison to what they had been getting up north. They decided HH was a little pricey for those low wages (I guess if you have to work, you can't afford to live there) and built a house in S. Carolina. He got a transfer to his employer's location where they are now living, but, as he had requested the move, had to take a pay cut as the company pays even less in SC. In other word, yes, even though housing, taxes and other costs are less in Tennessee, your forty or fifty thousand dollar a year job may turn into much lower pay, making it just as hard to pay the bills.
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