Cost of Living in Oak Ridge, TN
Population: 32,088 • 2026 Data
$71,000
Median Household Income
-8% vs national
$1,076
Median Monthly Rent
-20% vs national
$233,500
Median Home Value
-31% vs national
4.7%
Unemployment Rate
Housing in Oak Ridge
The median home value in Oak Ridge, TN is $233,500. Monthly rent for a typical unit averages $1,076, while total monthly housing costs (including utilities and insurance) average $1,074.
Rent-to-income ratio: 18.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Oak Ridge, TN is $71,000. The unemployment rate stands at 4.7%, with a labor force of 14,656 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.