Friday, June 14, 2024

Lower Than the National Average, Knoxville Makes Living on a Budget Easy

Although Knoxville is a well-known city, its affordability is a well-kept secret. From lower housing costs to how affordable everything from groceries to transit is: you can live here for a fraction of what you’d have to pay to live anywhere else.

If you’re considering moving, and the cost is a major factor to you, these are the top reasons that Knoxville may be the affordable paradise of your dreams.

The Cost of Living is Ten Percent Lower

The average home in America can sit around $200,000. In Knoxville, at ten percent lower, you’re looking at a savings of $20,000. This can be a huge difference in everything from where you can live to how much home you can afford to buy.  Getting to spread out and enjoy more space allows you to enjoy more time outside with your family and feel like your home is truly a space for yourself.

Housing Costs Have Stayed Steady Despite Housing Boom

Although many still need to look at apartments in Knoxville, TN, before they consider moving into a house: the housing in Knoxville has held steady for the last ten years, and it’s looking like it’ll continue to do so. This means that you’ll be able to plan for the costs of housing in the future and save up for a downpayment based on the listings you can look at today.

This is more predictable than many other housing markets in the country since some states, like California, saw a 10% price increase in housing in just one year from 2020 to 2021.  

There Are Plenty of Jobs and Income Sources Available

The job market in Knoxville is alive and thriving, with most companies offering ample room for upward movement and promotions. This gives you the freedom of knowing that if you work well for a company, you may see that hard work eventually pay off with a promotion to a leadership position.

Entertainment Is Easy And Inexpensive

Knoxville has a lively music scene that makes it feel like it’s a perfect fit for the state it’s in.  Knoxville bars and local restaurants love to have live performers come in and keep guests entertained while they eat with a focus on blue and old rock. This means you can go out and find live entertainment almost anywhere in your town, sometimes for nothing more than the cost of some good barbecue and a drink.

You Can Drive For Cheap And Fun Vacations

Many don’t think that a nice perk about living in Tennessee is how cheap it is to vacation. You can drive to the beach for a weekend or spend spring break exploring the country’s capital. Although these drives can be long, they’re less expensive than flying and allow you to see more of the country than you would from the air. Any vacation can be shifted into an exciting road trip, making it more fun for everyone involved.

Knoxville may be chronically overlooked, but this city deserves recognition for its affordability and how much it offers!

Lindsey Ertz
Lindsey Ertz
Lindsey, a curious soul from NY, is a technical, business writer, and journalist. Her passion lies in crafting well-researched, data-driven content that delivers authentic information to global audiences, fostering curiosity and inspiration.

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