Housing costs in Knoxville?
A typical home costs
$248,000, which is 26.6% less expensive than the national average of
$338,100 and 10.6% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$1,000 per month, which is 6.5% cheaper than the national average of
$1,070 and 12.0% cheaper than the state average of
$1,120.
Can I afford Knoxville?
To live comfortably in Knoxville (zip 37920), Tennessee, a minimum annual income of
$47,520 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Knoxville?
The cost of living in 37920 Knoxville, TN is relatively low compared to other cities of similar size. The average household income in the area is around $47,000, and the median home price is around $239,000. Renting an apartment in this area typically costs around $765 per month for a one-bedroom. Utilities such as electricity and water are also relatively inexpensive when compared to other cities. The overall cost of living in Knoxville, TN is 8% lower than the national average. This makes it an attractive place to live for those looking for an affordable city with plenty of amenities.