According to Sperling's Best Places, Knoxville consistently ranks favorably for cost of living compared to nearby major cities. The city's cost of housing, a significant component of living expenses, is notably lower compared to many neighboring urban centers.
The cost of living in Nashville, Tennessee is 15.1% more expensive than Knoxville, Tennessee.
The cost of living in Atlanta, Georgia is 22.1% more expensive than Knoxville, Tennessee.
Knoxville's property tax rates are among the lowest in the nation and Tennessee has no-income state tax. This translates to you keeping more of your income.
Knoxville has been recognized by U.S. News & World Report as one of the "Best Places to Live" and "Best Places to Retire," thanks to its affordability and high quality of life.
Popular areas for homeownership or renting area:
West Knoxville, is known for its excellent schools and family-friendly atmosphere.
Sequoyah Hills, nestled along the Tennessee River, is revered for its historic homes and scenic beauty.
Downtown Knoxville offers a vibrant urban lifestyle with condos and apartments within walking distance of cultural attractions.
It's worth noting that nearby major cities like Nashville and Atlanta may have higher housing costs. However, Knoxville still presents a more affordable alternative compared to these neighboring urban centers.
Compared to nearby major cities, Knoxville shines as a safe haven. While urban centers like Nashville or Atlanta may have their attractions, they also come with higher crime rates. Knoxville's commitment to safety, combined with its family-friendly neighborhoods, creates an environment where physicians and their loved ones can thrive without the concerns often associated with larger metropolitan areas.
Areas like Farragut, Hardin Valley, and Sequoyah Hills consistently receive high marks for their low crime rates and tight-knit communities.