Cost of Living in Knoxville, TN
2024 data from the Bureau of Economic Analysis
Cost Index
92.6
7.4% below avg
Housing Index
82.8
Median Income
$66,715
Median Rent
$1,012/mo
Cost Breakdown
Overall92.6 (-7.4%)
Housing82.8 (-17.2%)
Goods96.2 (-3.8%)
Utilities71.9 (-28.1%)
Other Services95.1 (-4.9%)
National average = 100
Income & Housing
Median Household Income
$66,715/year
Median Home Value
$230,700
Median Monthly Rent
$1,012/mo
Per Capita Income
$37,262/year
Compare Knoxville, TN With
Frequently Asked Questions
Is Knoxville, TN expensive to live in?
Knoxville, TN has a cost of living index of 92.6, which is 7.4% below the national average.
How much does housing cost in Knoxville, TN?
Housing costs in Knoxville, TN are indexed at 82.8 compared to the national average of 100. The median monthly rent is $1,012.
What is the average income in Knoxville, TN?
The median household income in Knoxville, TN is $66,715 per year.
What is the average home price in Knoxville, TN?
The median home value in Knoxville, TN is $230,700.