Housing costs in Knoxville?
A typical home costs
$374,400, which is 10.7% more expensive than the national average of
$338,100 and 35.0% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$1,380 per month, which is 29.0% more than the national average of
$1,070 and 18.8% more than the state average of
$1,120.
Can I afford Knoxville?
To live comfortably in Knoxville (zip 37931), Tennessee, a minimum annual income of
$71,640 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Knoxville?
The cost of living in 37931 Knoxville, TN is relatively low. The median home price is $120,400 which is much lower than the national median of $216,200. In addition, the cost of utilities for a 915 square foot apartment averages around $131 per month. Other essential expenses such as transportation and health care are also surprisingly affordable. Even food costs remain low with a basic grocery trip costing an average of $35-$40. Overall, living in 37931 Knoxville, TN can be quite budget friendly for people who are looking to save money while still benefiting from access to all of the city's amenities.