Alcoa, TN Cost Of Living
Cost Of Living In Alcoa, TN Summary
Cost of living in Alcoa research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Alcoa is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Alcoa is 85, with 100 being the average.
The cost of living index in Alcoa is 0.8x lower than the national average.
Alcoa ranks as the #40 cheapest in Tennessee out of 105.
Alcoa ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Alcoa is $167,100.
The median income in Alcoa is $55,440.
Table Of Contents
Alcoa's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Alcoa, TN?
According to the most recent data on the cost of living, Alcoa has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Alcoa has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Alcoa ranks as #40 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Alcoa ranks as the #65 most expensive place in the Volunteer State.
For more reading on life in Alcoa, check out:
- Living In Alcoa
- Alcoa Crime Report
- Search Homes For Sale In Alcoa, TN
In Tennessee
In America
Alcoa Cost Of Living Vs. Tennessee
Six factors go into calculating the cost of living index in Alcoa. Here is how it fairs on each of the criteria:
The Services index in Alcoa is 90.
The Groceries index in Alcoa is 88.
The Health index in Alcoa is 93.
The Housing index in Alcoa is 68.
The Transportation index in Alcoa is 85.
The Utilities index in Alcoa is 95.
| Living Expense | Alcoa | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 85 | 90 | 100 | |
| Services | 90 | 93 | 100 | |
| Groceries | 88 | 96 | 100 | |
| Health | 93 | 88 | 100 | |
| Housing | 68 | 82 | 100 | |
| Transportation | 85 | 90 | 100 | |
| Utilities | 95 | 93 | 100 | |
Alcoa, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Alcoa is $167,100.
The Median Rent in Alcoa is $881.
The Median Income in Alcoa is $55,440.
The Home Value To Income in Alcoa is 3.0x.
The Rent To Monthly Income in Alcoa is 0.19x.
| Statistic | Alcoa | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $167,100 | $193,700 | $244,900 |
| Median Rent | $881 | $951 | $1,163 |
| Median Income | $55,440 | $58,516 | $69,021 |
| Home Value To Income | 3.0x | 3.3x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Alcoa, TN Costs By Category
Detailed Alcoa Services Costs Vs. Tennessee
Detailed Alcoa Groceries Costs Vs. Tennessee
Detailed Alcoa Health Costs Vs. Tennessee
Detailed Alcoa Transportation Costs Vs. Tennessee
Detailed Alcoa Utilities Costs Vs. Tennessee
Alcoa SnackAbility
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Cost Of Living In Cities Around Alcoa
The cost of living varies in the cities and towns around Alcoa. Here's a quick look at the cost of living in the most populous nearby places:
Knoxville, TN has a cost of living index of 81, 1.0x Alcoa.
Maryville, TN has a cost of living index of 92, 1.1x Alcoa.
Oak Ridge, TN has a cost of living index of 88, 1.0x Alcoa.
| City | Population | Cost Of Living | Vs. Alcoa |
|---|---|---|---|
| Knoxville, TN | 189,339 | 81 | 1.0x |
| Maryville, TN | 31,281 | 92 | 1.1x |
| Oak Ridge, TN | 31,087 | 88 | 1.0x |
| Morristown, TN | 30,387 | 85 | 1.0x |
| Farragut, TN | 23,388 | 112 | 1.3x |
| Sevierville, TN | 18,038 | 89 | 1.0x |
| Seymour, TN | 15,633 | 87 | 1.0x |
| Clinton, TN | 9,982 | 84 | 1.0x |
| Pigeon Forge, TN | 6,362 | 89 | 1.0x |
| Sweetwater, TN | 6,228 | 81 | 1.0x |
