Housing costs in Knoxville?
A typical home costs
$279,900, which is 17.2% less expensive than the national average of
$338,100 and 0.9% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$1,020 per month, which is 4.7% cheaper than the national average of
$1,070 and 9.8% cheaper than the state average of
$1,120.
Can I afford Knoxville?
To live comfortably in Knoxville (zip 37924), Tennessee, a minimum annual income of
$53,640 for a family, and
$33,600 for a single person is recommended.
What does A.I. say about Knoxville?
The cost of living in Knoxville, TN (37924) is quite reasonable. According to the Cost of Living Index, Knoxville has a score of 90.9, which is 10.1 points lower than the national average. This means that life in Knoxville is more affordable than in most other places in the US. Prices for housing, utilities, health care, groceries and transportation are all well below the U.S. average. The median home price in Knoxville is $169,000 and average rent for a one-bedroom apartment is about $750 per month, making it an attractive place to live for retirees and young professionals alike who may be on a budget.