Knoxville, TN (37902) is a great place to live with its beautiful landscape, comfortable climate, and diverse culture. Locally owned companies like Home Federal Bank and Big Ridge Brewing Company have operated in Knoxville for generations, contributing to a thriving economy in the area. The average two bedroom rent in Knoxville is $1,400 which is cheaper than the national average of $1,430. The Grocery Cost Index in Knoxville is 105 versus 100 in the US, making it slightly more expensive to live here than the national average. In conclusion, living in Knoxville has many benefits and can be affordable if you are mindful of your spending.
Knoxville (zip 37902) has an unemployment rate of 4.7%. The US average is 6.0%.
Knoxville (zip 37902) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Knoxville (zip 37902)
- The Sales Tax Rate for Knoxville (zip 37902) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Knoxville (zip 37902) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Knoxville (zip 37902)
- The average income of a Knoxville (zip 37902) resident is $49,259 a year. The US average is $37,638 a year.
- The Median household income of a Knoxville (zip 37902) resident is $51,111 a year. The US average is $69,021 a year.