Knoxville Named #10 On The Most Affordable Cities To Live

Each year, U.S. News ranks the most affordable cities to live in. This year, Knoxville proudly holds the 10th position as one of the most affordable cities in America on the most recent list published by U.S. News. This notable achievement considers various factors such as housing, utilities, and transportation costs.

Where Are The Most Affordable Cities?

U.S. News determines the most affordable places to live by evaluating the median gross rent and annual housing costs for mortgage-paying homeowners in each metro area.

Top 10 Most Affordable Cities in America (2023-2024):

1. Hickory, NC
2. Youngstown, OH
3. Huntington, WV & Ashland, KY-OH
4. Huntsville, AL
5. Fort Wayne, IN
6. Beaumont, TX
7. Peoria, IL
8. Green Bay, WI
9. Quad Cities, IA-IL
10. Knoxville, TN

Cost of Living Below the National Average

Knoxville stands out for its low cost of living. Recent statistics reveal that Knoxville’s living cost is 15.1% below the national average. This significant difference dramatically benefits the residents, providing them an excellent quality of life.

Knoxville’s average home prices and monthly rent are significantly lower than many other major metropolitan areas. Its housing, utility, and transportation costs are exceptionally affordable. The lower cost of living here will allow you to afford more here. Knoxville’s housing costs have remained affordable compared to other parts of the country.

Knoxville Has A Vibrant Downtown

Worried affordable may mean boring? Don’t fret. Knoxville offers a high quality of life with attractions like Market Square, the Old City, sports teams, and proximity to the scenic Great Smoky Mountains National Park.

Vibrant Activities in Knoxville, TN

Knoxville offers a diverse range of activities that combine the amenities of a larger city with the beauty of peaceful rural areas and the stunning Great Smoky Mountains.

The city is known for hosting vibrant festivals such as Knoxville Brewfest, Big Ears Festival, East Tennessee History Fair, and Dogwood Arts Festival. Cultural enthusiasts can enjoy the Knoxville Symphony Orchestra, Art Market Gallery, and Tennessee Theatre.

Outdoor enthusiasts have many options with attractions like Zoo Knoxville, the Sunsphere observation deck at World’s Fair Park, the Women’s Basketball Hall of Fame, and scenic Tennessee River boat cruises. Additionally, the fall season brings a contagious enthusiasm for football at Neyland Stadium.

Make The Move To Knoxville

Knoxville is a vibrant city with an affordable cost of living. Are you considering moving here? If so, we’re here to help. Knoxville Home Team can help you navigate purchasing a new home. Reach out to Rick at 865-696-9002 or [email protected].

Also Read: Knoxville Biscuit Festival Named Best In The Nation