Knoxville, Tennessee
- The top employer in Knoxville, Tennessee is the University of Tennessee, which is a major research and educational institution in the area.
- The second largest employer in Knoxville is the Covenant Health system, which is a major healthcare provider in the city.
- The third largest employer in Knoxville is the City of Knoxville government, which employs a large number of people in various departments and agencies.
- The fourth largest employer in Knoxville is the Knox County government, which employs a large number of people in various departments and agencies.
- The fifth largest employer in Knoxville is the Tennessee Valley Authority, which is a federally owned corporation that provides electricity to the region.
According to data from the Council for Community and Economic Research (C2ER), the cost of living in Knoxville, Tennessee is lower than the national average. Specifically, the cost of living index for Knoxville is 90.4, which is lower than the national average of 100. This means that, on average, the prices of goods and services in Knoxville are relatively lower compared to the national average.
Some potential factors that may contribute to the lower cost of living in Knoxville include:
- Lower housing costs: According to data from Zillow, the median home value in Knoxville is $335,454, which is lower than the national median home value of $398,500. This means that, on average, housing costs in Knoxville are relatively lower compared to the national average. https://www.zillow.com/home-values/25428/knoxville-tn/
- Lower transportation costs: According to data from Numbeo, the cost of a monthly public transportation pass in Knoxville is $39, which is lower than the national average of $70. Additionally, the cost of gasoline in Knoxville is lower than the national average, with a gallon of regular unleaded gasoline costing an average of $2.83 in Knoxville compared to $3.16 nationally. https://gasprices.aaa.com/
- Lower food costs: According to data from Numbeo, the cost of groceries in Knoxville is 14% lower than the national average.
- Lower healthcare costs: According to data from the Kaiser Family Foundation, the average annual premium for employer-sponsored health insurance in Knoxville is $6,351, which is lower than the national average of $7,188.
Knoxville Properties
Wilmouth Run Road, Knoxville, TN
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $245,000 | $1,800 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2 | 1040 | 2000 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| $490.00 | $1,238.73 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| $148,647.36 | 17.95% | ||
Brierley Drive, Knoxville, TN
| Purchase Price | Projected Rent | ||
|---|---|---|---|
| $275,000 | $2,000 | ||
| Bed | Bath | Square Ft | Yr Built |
| 3 | 2.5 | 1440 | 1991 |
| Avg Monthly Cash Flow | Avg Monthly Increase | ||
| $437.00 | $1,263.76 | ||
| Total Projected Profit on Sale | Avg Annual ROI | ||
| $151,651.02 | 16.48% | ||
