Housing costs in Knoxville?
A typical home costs
$346,400, which is 2.5% more expensive than the national average of
$338,100 and 24.9% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$1,340 per month, which is 25.2% more than the national average of
$1,070 and 16.4% more than the state average of
$1,120.
Can I afford Knoxville?
To live comfortably in Knoxville (zip 37923), Tennessee, a minimum annual income of
$66,240 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Knoxville?
The cost of living in Knoxville, TN (37923) is generally considered to be quite reasonable compared to other cities in the United States. According to a recent survey, it is estimated that the average cost of living is around 12% lower than the national average. This makes it an attractive option for those looking for a more affordable lifestyle. Groceries, healthcare costs, housing and transportation are all relatively reasonable compared to most other cities. The median household income in this area is just over $50,000 per year and combined with its low cost of living makes it an attractive option for those looking to move to Knoxville as well as retirees looking for a place to settle down.