Cost of Living in Knoxville, Tennessee


Knoxville, Tennessee, was recently ranked 46th out of the 125 most populous cities in the United States. It is becoming a more attractive place to live due to its expanding downtown area, low rental prices, and access to nature. Located north of the Great Smoky Mountains National Park, see if this southern town is the right place for you.

What’s the cost of living in Knoxville, Tennessee?

The cost of living is the amount of money you will need to spend on things like rent, groceries, health care, taxes, and other expenses associated with living in a certain city. The overall cost of living in Knoxville is approximately 15% lower than the national average. The single largest expense affecting the cost of living is housing, and Knoxville’s housing market is almost 18% lower than the rest of the country.

The specific cost of living in the city may vary. For example, while housing remains low in almost all parts of the city, health care and utilities are on par with the rest of the country. In terms of overall cost, living in Knoxville is similar to living in other mid-sized towns in Tennessee, such as Chattanooga and Murfreesboro.

How much does an apartment cost in Knoxville, Tennessee?

If you’re on a tight budget, it’s important to know which neighborhoods to avoid in Knoxville. Oakwood, South Knoxville, Old City, and Downtown Knoxville have some of the highest rental prices in town. The average monthly rent for an apartment in Knoxville is:

  • Studio: $ 856
  • An apartment with one bedroom: $ 899
  • 2 bedroom apartment: $ 1,085
  • 3 bedroom apartment: $ 1,450
  • 4 bedroom apartment: $ 1,500

Again, these are the average prices. If you’re looking in any of the areas mentioned earlier, expect slightly higher rental fees. As a general rule, the closer the apartments are to the city center, the more expensive they will be. On the other hand, these apartments can be more modern and have more amenities.

How do you find cheap apartments in Knoxville, Tennessee?

To find the best rental rates in Knoxville, use the online marketplace to research different apartment options based on price, amenities, and location. Think about what you need in your apartment and filter your options accordingly. For example, you can filter the results by number of bedrooms, number of bathrooms, and whether the apartment complex accepts pets. Also, when filtering results, plan for a maximum budget that you are willing to spend and don’t go over it. Consider roommates, as living with more people can reduce some costs.

Once your needs have been reduced and your budget defined, you can start looking for apartments. Be sure to physically visit the apartment before signing the lease so that you get a good overview of the area you will be living in. Another way to make sure you get the best deal is to sign a longer lease. Some landlords will offer discounts to tenants who can sign a lease for more than six months.

What’s the cheapest rent in Knoxville, Tennessee?

Accommodation in Knoxville is well below the national average, so you can find an excellent price for an apartment in almost any neighborhood. However, some neighborhoods stand out for their low rental costs:

  • Asbury: The average one-bedroom apartment is $ 768.
  • Bella Vista: The average one-bedroom apartment is $ 764.
  • Braxton: The average one-bedroom apartment is $ 778.
  • Bridgeview: The average one-bedroom apartment is $ 749.

These cheaper neighborhoods are on the outskirts of the city, about a 20-minute drive from the city center. Don’t forget to visit Rockwood, one of the cheapest towns in Tennessee, which is also in the Knoxville metro area. When deciding to rent an apartment in the cheapest neighborhood, don’t forget to factor in other factors like transportation costs and the convenience of being close to downtown events and shopping.

How much do utilities cost in Knoxville, Tennessee?

Basic utilities in Knoxville cost about $ 144 per month. This includes electricity, heating, air conditioning, water and garbage. Utilities will fluctuate a lot depending on your needs and usage. In Knoxville, summers are humid and hot and winters are short, cold and wet. You will likely end up paying more for utilities in the summer because you will be using the air conditioning more frequently. Make sure your apartment has well-sealed windows, and try to find apartments that have a good ceiling fan to help keep cooling costs down.

Average cable and internet costs in Knoxville are comparable to the rest of the country and cost around $ 66 per month. However, Knoxville is a large city with a wide selection of providers that will allow you to consolidate your Internet, phone and cable bills. Be sure to assess all of your options and think about your internet, phone, and entertainment needs.

What are some free things to do in Knoxville, Tennessee?

Located near the Great Smoky Mountains, there are no limits to the free and exciting outdoor activities in Knoxville. One area worth exploring is the Ijams Nature Center, a 300-acre wooded area with walking and biking trails, a zipline, and a quarry where you can swim in the hot summer months. If you’re interested in an even more scenic encounter with nature, take a trip to the Knoxville Botanical Gardens. With 47 acres of walking trails and historic buildings, this is a great place to practice photography or just hang out with friends.

For those interested in the art scene, the Knoxville Museum of Art has the world’s largest glass and steel installation, a rotating gallery, and a permanent gallery celebrating local Tennessee artists. Or, you can look at more street art and be sure to search downtown Knoxville for unique and beautiful murals.

Even if you are looking for activities that cost money, entertainment is cheaper in Knoxville. Compared to nearby Nashville, the cost of trips to Knoxville is about 16% less. To give you an idea of ​​the costs, a meal for two at a mid-range restaurant will cost around $ 50.

Knoxville has a ton of free activities, generally low rental costs, and is surrounded by natural beauty. It is clear that living in Knoxville will give you a good life at a low price.

Related Posts