East Tennessee Economic Development Agency

Regional Advantages

Lifestyle Overview   |   Information   |   Education  

Cost of Living

The Knoxville region is consistently ranked among the most cost-effective places to live in the U.S.

  • Cost of living 9% below the national average
  • Housing costs 20% below the national average
  • Healthcare costs 9.7% below the national average
  • No state income tax 

ACCRA Cost of Living Index for Selected US Cities, 2007 Annual Average

City

State

Composite

Grocery Items

Housing

Utilities

Transpor-tation

Health Care

Misc. Goods and Services

KnoxvilleTN8789.575.289.887.289.394.5
MemphisTN89.390.476.583.892.297.199
HuntsvilleAL92.593.678.984.196.995103.8
DallasTX91.29971.598.6103.4101.697.4
ChattanoogaTN89.996.979.885.297.894.793.8
PittsburghPA98.998.392.6108.2105.787.3101
CharlotteNC89.799.175.683.292.3104.396.8
MontgomeryAL95.598.793.110094.785.796.3
CincinnatiOH90.489.280.499.398.891.993.9
LouisvilleKY97.589.689.6109.1110.297.399.8
ColumbiaSC89.298.477.295.284.7102.193.5
NashvilleTN95.1100.475.797.5106.7102.4103.8
AtlantaGA96.198.791.884.9103.5103.498.7
St. LouisMO91.5106.177.990.99697.295
LexingtonKY98.295.490.110997.399.4102.7
RochesterMN99.988.693.5108.2100.7104106.3
ColumbusOH97.496.395.9102.3103.5104.194.9
RichmondVA106.494.7111.4112.3108102.1105.2
Grand RapidsMI102.5105.5100.4120.999.190.9100
ClevelandOH98.9106.589.3112.9101.6102.498.6
DetroitMI98.297.596.8107.6100.899.296
PhiladelphiaPA123.5124.4144.4116.1105.8111115.2
ChicagoIL110.3108.3125107.8113.1104.399.9
NewarkNJ126.4111.1164107.5104.1107116.1
Los AngelesCA144.6111.8251.278.6113.5103.8103.8
New YorkNY212.8158.1396.1152122.5128.4139.4
Knoxville Oak Ridge Innovation Valley

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