BUSINESSWSMV4 NASHVILLE
How Tennessee cities rank among other cities in U.S. for cost of raising a child, according to 2026 study
A 2026 SmartAsset study ranks Memphis as the least expensive major U.S. metro for raising a child with an annual cost of $19,922, and Nashville-Davidson-Murfreesboro-Franklin as the second most affordable at $21,216. Despite this, Tennessee families face high child care costs, averaging $14,000 annually, which constitutes about 17% of their income.
Mentioned
Related Signal
Adjacent reporting
- Average cost to raise a child now tops $300,000, study finds
- Middle Tennessee city among top 10 cities for first-time homebuyers in new report. Here’s why
- Staggering cost of raising a child in California revealed, as state tops ‘most expensive’ charts
- How much does it cost to raise a child?
- These states are hit hardest by child care costs, new data shows
- Raising a child now costs over $300,000, study finds