Cost of Living in Knoxville, TN
Population: 193,721 • 2026 Data
$50,994
Median Household Income
-34% vs national
$1,116
Median Monthly Rent
-17% vs national
$214,000
Median Home Value
-37% vs national
4.4%
Unemployment Rate
Housing in Knoxville
The median home value in Knoxville, TN is $214,000. Monthly rent for a typical unit averages $1,116, while total monthly housing costs (including utilities and insurance) average $1,075.
Rent-to-income ratio: 26.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Knoxville, TN is $50,994. The unemployment rate stands at 4.4%, with a labor force of 102,903 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.