Cost of Living in Knox County, Tennessee
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Knox County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Knox County ranks #2,561 of 3,142 counties for affordability (bottom 18%)
Sourced county brief
Knox County Median Gross Rent Percentage Exceeds 30% Threshold
Knox County's median gross rent as a percentage of household income, or official GRAPI, was 30.1% during the 2020-2024 period. This is 3.2 percentage points higher than the Tennessee unweighted county mean official GRAPI of 26.9%. The median gross rent in the county was $1,261 per month, which is $368 higher than the state unweighted county mean rent of $893. For owner-occupied housing, the median selected monthly owner cost was $1,121, exceeding the state unweighted county mean owner cost of $788 by $333. The median home value was $320,900, compared to a state unweighted county mean of $223,385. Renter-household median income was $45,721. These statistics represent housing cost snapshots from the ACS 5-Year Estimates and are not forecasts of future market conditions. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Knox County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.1% of renter household income in Knox County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,261 per month; median selected monthly owner costs are $1,121. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $50,440 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Tennessee unweighted mean of county median rents is $893 per month. Knox County's $1,261 median is 41.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Knox County
Rent Burden
20.4%
of gross income
Max Housing (28% Rule)
$1,732
per month
Owner Cost Burden
18.1%
of gross income
The median home in Knox County may be a stretch
Median home value is $320,900. Estimated monthly cost: $2,562 vs. your max of $1,732.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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