Cost of Living in Alcoa, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
101.9
100 = national avg
+1.9 vs national average
Living Wage (1 Adult)
$44,842
per year
Living Wage (Family of 4)
$105,990
per year
Cost Index by Category
Housing115.0
Food95.9
Transportation91.8
Healthcare96.7
Utilities100.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,184
per month
2 Bedroom
$1,471
per month
The overall cost of living index in Alcoa is 101.9, which is 1.9% above the national average. Housing costs are above the national average at an index of 115.0. A single adult needs to earn approximately $44,842 per year to cover basic expenses.