Housing costs in Knoxville?
A typical home costs
$301,600, which is 10.8% less expensive than the national average of
$338,100 and 8.7% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Knoxville costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 4.5% cheaper than the state average of
$1,070.
Can I afford Knoxville?
To live comfortably in Knoxville Tennes Metro Area, Tennessee, a minimum annual income of
$57,960 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Knoxville?
Living in Knoxville, TN Metro Area is a great option as the cost of living is 11.9% below the US average. The median house value in the area is $301,600, which is slightly lower than the US average of $338,100. Therefore, those wishing to purchase a home can find great deals and great value for money. With a lower cost of living than the national average, you can still enjoy a high quality of life without sacrificing too much financially.