Cost of Living in Knoxville, TN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.4
100 = national avg
-4.6 vs national average
Living Wage (1 Adult)
$41,977
per year
Living Wage (Family of 4)
$99,219
per year
Cost Index by Category
Housing113.2
Food89.0
Transportation80.1
Healthcare91.2
Utilities96.0
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 Knoxville is 95.4, which is 4.6% below the national average. Housing costs are above the national average at an index of 113.2. A single adult needs to earn approximately $41,977 per year to cover basic expenses.