Cost of Living in Pigeon forge, TN
Pigeon forge cost of living index: 121.9 (above the US average). Median home price: $525,000.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
21% above the national average
Housing
Data from 1 zip code
Housing costs in Pigeon forge, TN based on real market data from 1 local zip code.
Considering a move to Pigeon forge, TN? With a housing index of 130.0, homes here are generally more affordable compared to national averages, pointing towards a cost-effective living environment. The median home price of 525000.0 opens doors to homeownership opportunities, while the average rent for a 2-bedroom apartment is set at 3482.0, making it feasible for renters as well. The rental market reflects a slight premium on houses with an average rent of . These figures indicate a balanced market which offers flexibility for buyers and renters alike diving into the community.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Pigeon forge, TN could entail variable utility costs. Electricity costs sit at $12.57, while natural gas is priced at $12.35 per Thousand Cubic Feet. Expect to budget about $250.0 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Pigeon forge, TN
How far does your money go in Pigeon forge? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Pigeon forge
The adjusted purchasing power shows what a Pigeon forge, TN household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Pigeon forge, that's $53,380 ÷ 121.9 × 100 = $43,790. This means a household earning the median income in Pigeon forge has the equivalent buying power of $43,790 in a city where the cost of living index equals the national baseline of 100.
Pigeon forge's cost of living index of 121.9 is moderately above the US average, meaning residents pay 21% more for typical goods and services. However, with a median household income of $53,380, many families find Pigeon forge affordable relative to other cities in TN. The adjusted purchasing power of $43,790 reflects a slight reduction in buying power, but strong local job markets and quality of life often offset the higher expenses.
The local unemployment rate of 2.5% is below the national average, indicating a strong job market in Pigeon forge, TN. Combined with a median income of $53,380, this suggests good earning potential that helps offset the above-average cost of living.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Pigeon forge
Pros
- • Strong tourism industry jobs
- • Beautiful natural scenery
- • Friendly community atmosphere
- • Pleasant weather year-round
- • Affordability of living costs
- • Low overall crime rate
- • Plenty of outdoor activities
- • Vibrant nightlife options
- • Family-friendly attractions
- • Diverse dining options available
Cons
- • Limited public transportation options
- • Occasional racial tension issues
- • Higher cost in tourist areas
- • Less cultural diversity
- • Lower average wage scale
- • Limited job market diversity
- • Seasonal job market fluctuations
- • High tourist congestion season
- • Limited healthcare facilities
- • Schools have mixed performance
💡City Insights
Pigeon forge scores 3/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an average overall profile. However, affordability is a weaker area that prospective residents should consider carefully.
Frequently Asked Questions
What is the cost of living in Pigeon forge, TN? ▼
The cost of living in Pigeon forge, TN is 22% higher than the national average, with a cost of living index of 122 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Pigeon forge, TN? ▼
In Pigeon forge, TN, The median home price is $525,000. requiring approximately $155,357 annual income to afford. Average rent is $3,482/month (requiring ~$139,280/year income). The local median household income is $53,380, making homeownership challenging for typical residents. Explore Pigeon forge real estate data →
Is Pigeon forge, TN a safe place to live? ▼
Pigeon forge, TN is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Pigeon forge crime statistics →
What salary do you need to live comfortably in Pigeon forge, TN? ▼
To live comfortably in Pigeon forge, TN and afford a median-priced home of $525,000, you would typically need a household income of $131,250 to $164,062 per year. The local median household income is $53,380. Renting requires approximately $139,280/year (at $3,482/month). See full affordability analysis →
What are the best neighborhoods in Pigeon forge, TN? ▼
The best neighborhoods in Pigeon forge, TN depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods farther from the city center tend to offer more affordable options.
How are the taxes in Pigeon forge, TN? ▼
Tax rates in Pigeon forge, TN include state and local components. The cost of living index of 122 indicates a higher cost environment compared to the national average. View detailed Pigeon forge tax information →
How does Pigeon forge, TN compare to nearby cities? ▼
Pigeon forge, TN offers comparable costs to nearby communities. With a cost of living index of 122, median home prices of $525,000, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Pigeon forge, TN? ▼
Weather in Pigeon forge, TN varies by season. Climate data varies by season. View detailed Pigeon forge climate & environment data →
What factors affect cost of living in Pigeon forge, TN? ▼
The main factors affecting cost of living in Pigeon forge, TN include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Pigeon forge, TN.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 37863 | $525,000 | $3,298/mo | $3,482/mo | 246 | 11 |
Explore More About Pigeon forge, TN
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin