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Come, retire in Cookeville
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R etirees seeking southern hospitality, mild weather and an affordable cost-of-living might want to consider Cookeville, Tennessee as a retirement spot. This town of 27,000 people is located in the Upper Cumberland region of middle Tennessee, about 80 miles east of Nashville, and is surrounded by placid lakes and wooded terrain. City leaders strive to attract retirees and they are succeeding; 18% of the residents are age 45 to 64, and 14% are age 65 or better. Cookeville offers low cost housing, friendly residents, an excellent quality of life and an escape from hectic city living. Retirees seeking southern hospitality, mild weather and an affordable cost-of-living might want to consider Cookeville, Tennessee as a retirement spot. This town of 27,000 people is located in the Upper Cumberland region of middle Tennessee, about 80 miles east of Nashville, and is surrounded by placid lakes and wooded terrain. City leaders strive to attract retirees and they are succeeding; 18% of the residents are age 45 to 64, and 14% are age 65 or better. Cookeville offers low cost housing, friendly residents, an excellent quality of life and an escape from hectic city living.
This regional center is especially noted for its affordability. Real estate costs are nearly 28% below the national average; food items are 15% below, and healthcare is 17% below. Overall, Cookeville's cost-of-living is roughly 20% below the national average, and the median home price is $125,000, making it an appealing destination for many retirees. Modest, older but well-kept homes with 3 bedrooms, 2 baths and 1,000 square feet can easily be found for under $110,000, Nearly 1,800 square foot homes, ranch-style with large yards, 3 bedrooms and 2 baths, are readily available for $120,000. New, beautiful 2,000 + square foot homes with tile floors, wrap-around porches and cathedral ceilings are easily purchased for less than $175,000. In short, real estate money goes a long way here.
Condominiums and town homes are not plentiful; this is primarily a single-family residence community. Apartments are in somewhat short supply as well, but the ones we did find were leasing for $450 per month (one bedroom), $550 per month (two bedrooms) and $635 per month (three bedrooms). There are, however, at least 11 manufactured home/mobile home parks in and around town. Depending on home size and location, prices range from $12,000-$90,000.
Residents are taxed $.88 per $100 of assessed value in the city and $2.60 in the county; city residents pay a combined rate of $3.48 per $100 of assessed value. Property is assessed at 25% of fair market value. Annual taxes on a $150,000 home would be $1,305 for someone living in the city. Tennessee does not offer a homestead exemption but does have a tax relief program for those 65 and better. There is also no state income tax on salaries, Social Security or pension income. Overall, Tennessee has the fourth lowest tax rate burden of all 50 states.
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Residents will also find local Cane Creek Park, a lovely 262-acre community park, Dogwood Park, a verdant downtown oasis, the well-equipped Putnam County Family YMCA, a softball complex, 12 golf courses, five rivers and three major lakes nearby. In fact, the lakes are what primarily attract many to this area. Cordell Hull Lake, Center Hill Lake and Dale Hollow Lake are surrounded by lush vegetation, little development and are quite peaceful during the week but become more crowded on weekends, attracting water skiers, fishermen and sailors.
Nearly all religious faiths are represented here (Cookeville has 137 churches), although we were unable to locate a synagogue. There is also no public bus system, so residents will need a car or a good friend with a car to attend church.
Cookeville is home to roughly 105 restaurants, covering nearly all cuisines, from Mexican to Cajun (no vegetarian or French restaurants, though). Shopping is adequate but not spectacular. Most items can be found in town, and the Cookeville Mall has 35 specialty stores (and is the only indoor mall in the Upper Cumberland area), but this not a shoppers' Paradise. Downtown Cookeville is, however, undergoing a major renovation that is being overseen by a non-profit group called CityScape, and this is bringing new business ventures to this southern community.
Retirees will find two senior centers, the Algood Senior Citizen Center and the Putman County Senior Center. Both offer social, recreational and educational classes and activities. Cookeville also has numerous ways to volunteer in the community. The local YMCA seeks people to teach preschool classes, coach teams and cook for bake sales, among other things. The Putnam County Habitat for Humanity is always looking for those handy with a hammer and a nail gun, although they also welcome those with no building experience. CASA is a non-profit group that works with the courts and needs people to advocate for neglected children in the Cookeville area.
With warm summers, mild winters, and breezy falls, Cookeville's weather is seasonal but without many extremes. January temperatures average 37 degrees and July sees averages of 88 degrees. Five to six inches of precipitation fall each month but very little of it is snow. Humidity averages 68% and the sun shines roughly 50% of the time.
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