Housing costs in Knoxville?
A typical home costs
$166,700, which is 50.7% less expensive than the national average of
$338,100 and 39.9% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$980 per month, which is 8.4% cheaper than the national average of
$1,070 and 14.3% cheaper than the state average of
$1,120.
Can I afford Knoxville?
To live comfortably in Knoxville (zip 37915), Tennessee, a minimum annual income of
$32,040 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Knoxville?
The cost of living in 37915 Knoxville, TN is quite affordable. The overall cost of living index for the area is 91.2, which is lower than the national average of 100. Housing costs are also significantly lower than the national average, with an index rating of 79.5. This means that on average people can expect to pay less for property taxes, mortgage payments and rents in the area compared to other parts of the country. Additionally, groceries and utilities tend to be cheaper as well due to the lower cost of living in the area. Overall, Knoxville offers a great quality of life while still providing residents with an affordable cost of living.