States › Tennessee › Alcoa

Is Alcoa, TN expensive to live in?

OKRent takes 27 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,56611% lower than U.S. average
💵 Families earn per year (2026)$70,873about $5,906/month · 19% lower than U.S. average
🔑 House price$277,10017% lower than U.S. average

Rent is lower than in 54% of U.S. cities. A typical house costs about 3.9 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $62,640 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

No. Rent here is more expensive than in most of Tennessee. It is number 81 of 114 cities from cheapest to most expensive.

Alcoa
$1,566
Middle Valley
$1,405
Crossville
$1,089
Red Bank
$1,467
Hartsville
$1,155
Lawrenceburg
$443
Lewisburg
$1,806

How much do households earn in Alcoa?

Under $25k
14.7%
$25k–50k
24.8%
$50k–100k
32.9%
$100k–150k
14.9%
$150k+
10.0%

Share of households by yearly income. 24.9% of households earn $100,000 or more.

Rent by apartment size in Alcoa

SizeAlcoaU.S. average
1 bedroom$700$1,324
2 bedrooms$1,335$1,509
3 bedrooms$1,620$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Alcoa overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Alcoa, so the Tennessee figure is shown.

Taxes and bills in Alcoa

🏛️ Property tax$2,389a year · 0.86% of home value · U.S. $3,119
⚡ Electric bill$149a month (typical) · U.S. $156

Life in Alcoa

Commute to work23.8 minU.S.: 26.4 min
College degree34.1%U.S.: 35.7%
Own their home66.6%U.S.: 65.2%
Below poverty line12.9%U.S.: 12.5%
Unemployment2%U.S.: 5.2%

Is it cheaper to rent or buy in Alcoa?

Renting is cheaper right now: about $357 a month less.

Renting
$1,566
Owning
$1,923

Owning assumes a typical $277,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,710 for the down payment.

Frequently asked questions

What is the average rent in Alcoa, TN?

Renting in Alcoa costs a median of about $1,566 a month in 2026, including utilities. The Tennessee median is $1,279.

How much do I need to make to live in Alcoa?

To keep rent under 30% of income, you need about $62,640 a year, or $30 an hour at a full-time job.

Is Alcoa cheap or expensive?

Alcoa is rated OK: rent takes 26.5% of the typical household income of $70,873. It ranks 81st cheapest of 114 Tennessee cities we track.

How much are property taxes in Alcoa?

The median homeowner in Alcoa pays $2,389 a year in property taxes, about 0.86% of the median home value.

Is Alcoa more expensive than the national average?

Overall prices in Tennessee are 8% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Alcoa?

The median home value in Alcoa is $277,100, about 3.9 times the typical yearly household income.

12,222 people live in Alcoa. Numbers are typical (middle) values.