Housing costs in Knoxville?
A typical home costs
$235,600, which is 30.3% less expensive than the national average of
$338,100 and 15.1% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$1,200 per month, which is 12.1% more than the national average of
$1,070 and 6.7% more than the state average of
$1,120.
Can I afford Knoxville?
To live comfortably in Knoxville (zip 37912), Tennessee, a minimum annual income of
$45,000 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Knoxville?
Knoxville, TN has an affordable cost of living. According to recent surveys, the median home price in 37912 is $194,800 and the median household income is $51,781. This means that most households are able to afford a comfortable lifestyle without breaking the bank. Additionally, Knoxville residents enjoy some of the lowest utility costs in the nation for electricity and natural gas. Groceries and other essentials such as gas and clothing also tend to be less expensive than average when compared with other cities in the South. All of these factors combine to make Knoxville a great place for anyone looking for an affordable cost of living.