Knoxville, TN is an affordable city in which to live. The median 2 bedroom rent in Knoxville is $1,110, significantly lower than the US median of $1,430. This makes it easier for people to find housing that fits their budget. The cost of groceries in Knoxville is comparable to the US average with a grocery cost index of 99 versus 100 in the US. \nLocal companies operating in Knoxville include Pilot Flying J, Regal Entertainment Group, Scripps Networks Interactive and Express Scripts Holding Company. These companies offer a variety of employment opportunities for residents seeking employment or advancing their career. Additionally, these businesses are community-minded and support local initiatives such as charities and educational drives. All in all, the combination of lower rental costs and access to numerous local businesses make Knoxville an attractive place to live for those looking for an affordable city with lots to offer.
Knoxville (zip 37916) has an unemployment rate of 4.7%. The US average is 6.0%.
Knoxville (zip 37916) 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 37916)
- The Sales Tax Rate for Knoxville (zip 37916) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Knoxville (zip 37916) 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 37916)
- The average income of a Knoxville (zip 37916) resident is $8,356 a year. The US average is $37,638 a year.
- The Median household income of a Knoxville (zip 37916) resident is $20,203 a year. The US average is $69,021 a year.