Cost of Living: Knoxville, TN vs Kannapolis, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Knoxville | Kannapolis |
|---|---|---|
| Housing Index | 90.0 | 95.7 |
| Median Home Price | $250,000 | $295,000 |
| Average Rent (2 BR Apartment) | $1200 | $1400 |
| Average Rent (2 BR House) | $1200 | $1440 |
Housing Comparison: Knoxville vs Kannapolis
- The median home price in Kannapolis is higher at $295,000, compared to $250,000 in Knoxville.
- In Kannapolis, the rental for a two-bedroom apartment stands at $1,400, while it is $1,200 in Knoxville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Knoxville | Kannapolis |
|---|---|---|
| Electricity Price | $12.57 | $13.72 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $150 | $250 |
Utilities Comparison: Knoxville vs Kannapolis
- Kannapolis has higher electricity costs at $13.72 per kWh, versus $12.57 in Knoxville.
- Natural gas price data is currently unavailable.
- Kannapolis has higher utility expenses, averaging $250, while Knoxville averages $150.