Cost of Living in Knoxville, TN
Housing
The housing market plays a significant role in determining the cost of living in Knoxville, TN.
- Housing Index: 90.0 / 100
- Median Home Price is: $250000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Knoxville, TN? The housing index of 90.0 indicates affordability relative to the national average. With a median home price of 250000, homeownership might be within reach for many buyers. Rent for a 2-bedroom apartment and house holds steady at 1200—a factor ensuring predictable living costs. Remember, neighborhood dynamics and local amenities can significantly influence the decision! Before making any commitments, explore whether this aligns with your budget and lifestyle aspirations.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Knoxville, 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.): $150 per month
Living in Knoxville, 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 $150 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 Knoxville is a financially viable option for your relocation.