Cost of Living in Knoxville, TN
Knoxville has a cost of living index of 87 (100 = national average), making it more affordable than the national average. The median household income is $42,120 and the median home price is $265,000.
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Knoxville at a Glance
Population
192,648
Cost of Living Index
87
Median Income
$42,120
Median Home Price
$265,000
Property Tax Rate
0.69%
Sales Tax Rate
9.25%
Rent Index
78
State
Tennessee
Living in Knoxville
Knoxville offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $265,000 is well within reach for many families.
The combined sales tax rate in Knoxville is 9.25%, and the effective property tax rate is 0.69%. Property taxes are relatively low compared to the national average.