States › Tennessee › Knoxville

Is Knoxville, TN expensive to live in?

ExpensiveRent takes 32 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,54412% lower than U.S. average
💵 Families earn per year (2026)$58,281about $4,857/month · 33% lower than U.S. average
🔑 House price$239,70028% lower than U.S. average

Knoxville is the 3rd-largest city in Tennessee that we track, with 195,185 residents. Rent is lower than in 55% of U.S. cities. A typical house costs about 4.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $61,760 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 79 of 114 cities from cheapest to most expensive.

Knoxville
$1,544
$2,410
$1,442

Compare Knoxville with other big cities

vs New Yorkvs Los Angelesvs Chicagovs Houstonvs Nashvillevs Memphisvs Chattanoogavs Newport Newsvs Kansas Cityvs Paradisevs Fayettevillevs Corpus Christi

Compare Knoxville to 149 other cities →

How much do households earn in Knoxville?

Under $25k
19.5%
$25k–50k
27.6%
$50k–100k
30.4%
$100k–150k
9.6%
$150k+
5.7%

Share of households by yearly income. 15.3% of households earn $100,000 or more.

Rent by apartment size in Knoxville

SizeKnoxvilleU.S. average
Studio$869$1,338
1 bedroom$1,048$1,324
2 bedrooms$1,305$1,509
3 bedrooms$1,496$1,698
4 bedrooms$1,635$2,098

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

How expensive is Knoxville overall?

Everyday prices in the Knoxville metro area are 7% below the U.S. average (index 92.6, U.S. = 100).

Housing
83
Goods (food, clothes…)
96
Utilities
72
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Knoxville

🏛️ Property tax$1,527a year · 0.64% of home value · U.S. $3,119
⚡ Electric bill$180a month (typical) · U.S. $156

Life in Knoxville

Commute to work20.2 minU.S.: 26.4 min
College degree34.6%U.S.: 35.7%
Own their home46.6%U.S.: 65.2%
Below poverty line20.2%U.S.: 12.5%
Unemployment4.5%U.S.: 5.2%

What jobs pay in Knoxville

JobMedian payRent / pay
Pharmacist$132,46014.0%
Lawyer$126,52014.6%
Software Developer$121,75015.2%
Nurse Practitioner$109,74016.9%
Physician Assistant$107,98017.2%
Operations Manager$104,59017.7%
Civil Engineer$96,32019.2%
Computer Systems Analyst$85,73021.6%
Dental Hygienist$84,64021.9%
Registered Nurse$77,24024.0%
Accountant$75,38024.6%
Market Research Analyst$62,89029.5%
Elementary School Teacher$61,98029.9%
Plumber$59,86031.0%
Truck Driver$59,10031.4%
Electrician$58,64031.6%
Licensed Practical Nurse$57,96032.0%
HVAC Technician$56,78032.6%
Police Officer$56,38032.9%
Carpenter$50,40036.8%
Firefighter$47,16039.3%
Medical Assistant$38,88047.7%
Customer Service Representative$38,84047.7%
Nursing Assistant$38,00048.8%
Warehouse Worker$37,40049.5%
Restaurant Cook$36,52050.7%
Retail Salesperson$31,15059.5%
Cashier$29,11063.6%
Server (Waiter/Waitress)$28,10065.9%

Is it cheaper to rent or buy in Knoxville?

Renting is cheaper right now: about $119 a month less.

Renting
$1,544
Owning
$1,663

Owning assumes a typical $239,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,970 for the down payment.

Frequently asked questions

What is the average rent in Knoxville, TN?

Renting in Knoxville costs a median of about $1,544 a month in 2026, including utilities. The Tennessee median is $1,279.

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

To keep rent under 30% of income, you need about $61,760 a year, or $30 an hour at a full-time job.

Is Knoxville cheap or expensive?

Knoxville is rated Expensive: rent takes 31.8% of the typical household income of $58,281. It ranks 79th cheapest of 114 Tennessee cities we track.

How much are property taxes in Knoxville?

The median homeowner in Knoxville pays $1,527 a year in property taxes, about 0.64% of the median home value.

Is Knoxville more expensive than the national average?

Overall prices in the metro area are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Knoxville?

The median home value in Knoxville is $239,700, about 4.1 times the typical yearly household income.

195,185 people live in Knoxville. Numbers are typical (middle) values.