Housing costs in Knoxville?
A typical home costs
$313,800, which is 7.2% less expensive than the national average of
$338,100 and 13.1% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$1,250 per month, which is 16.8% more than the national average of
$1,070 and 10.4% more than the state average of
$1,120.
Can I afford Knoxville?
To live comfortably in Knoxville (zip 37909), Tennessee, a minimum annual income of
$60,120 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Knoxville?
The cost of living in 37909 Knoxville, TN is quite reasonable. According to BestPlaces, the cost of living index for the area is 85.17, 13.83% lower than the national average. This means that food, general purchases, transportation, and health care are all relatively lower in price than other places in the United States. Renting an apartment here is also very affordable compared to other cities in Tennessee; a one bedroom apartment costs an average of $818 a month while a three bedroom averages at around $1,240 a month. With such low cost of living it's no wonder why so many people choose to live in Knoxville!