Favorable cost of living – Sperling’s Best Places ranks Oak Ridge well below the national average in terms of overall cost of living when compared to more known cities like Atlanta, GA, or Nashville, TN. Oak Ridge boasts a track record with lower crime rates compared to larger urban centers and rates as one of the safest communities in Tennessee.
With moderate property taxes and no state income taxes, you keep more of your earned money. This enables you to enjoy a high quality of life without the financial burdens of urban living. The housing market estimates the cost of housing in Oak Ridge to be 72.8% of the national average making it one of the least expensive cities in the U.S.
Purchasing a home in Oak Ridge is remarkably cost-effective, with a median home price below the national average. For those who prefer renting, there are numerous rental properties available, providing flexibility and convenience.
Desirable neighborhoods within Oak Ridge include Melton Hill Lake, offering picturesque waterfront properties. The historic Jackson Square area known for its charming homes and vibrant downtown atmosphere, while the centrally located Emory Valley provides easy access to amenities and schools. You’ll find a range of neighborhoods known for their safety and family-friendly atmosphere. Areas like Oak Ridge North, Emory Valley, and West Outer Drive are highly regarded for their low crime rates and welcoming communities.