Cost of Living in Alcoa, TN

Housing

The housing market plays a significant role in determining the cost of living in Alcoa, TN.

• Housing Index: 0.0 / 100
• Median Home Price is: $262000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

Considering a move to Alcoa, TN? The current housing index stands at 0.0, indicating relative affordability. Median home prices are at 262000, offering a potential entry point into the housing market that is lower than many areas. However, both average rents for 2-bedroom apartments and houses are reported as 0.0 and 0.0, respectively, which suggests a potentially stable rental market with opportunity for investment. Prospective residents should further explore this area's pros and cons to align with lifestyle needs.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Alcoa, TN.

• Electricity Price: 12.57 USD (median by state)
• Natural Gas Price: $12.35 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $0.0 per month

Living in Alcoa, TN could entail higher utility costs. Electricity costs sit at 12.57, while natural gas is priced at 12.35 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 0.0 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $63580

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Alcoa, TN, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.