Knoxville, TN (37920) has a relatively low cost of living for renters as two bedroom apartments rent for only $1,000 per month. Grocery costs in Knoxville are also more affordable than the national average as the Grocery Cost Index is 96 versus 100 in the US. Notable companies located in this region include Pilot Flying J, Scripps Networks Interactive and Regal Entertainment Group. As such, Knoxville is an attractive option for those looking to live in a vibrant city with an affordable cost of living.
Knoxville (zip 37920) has an unemployment rate of 4.7%. The US average is 6.0%.
Knoxville (zip 37920) has seen the job market increase by 0.9% 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 37920)
- The Sales Tax Rate for Knoxville (zip 37920) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Knoxville (zip 37920) 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 37920)
- The average income of a Knoxville (zip 37920) resident is $23,936 a year. The US average is $28,555 a year.
- The Median household income of a Knoxville (zip 37920) resident is $52,491 a year. The US average is $69,021 a year.