Cost of Living in Alcoa, TN
Housing
The housing market plays a significant role in determining the cost of living in Alcoa, TN.
- Housing Index: 98.5 / 100
- Median Home Price is: $262,000
- Average Rent (2 BR Apartment): $1750 per month
- Average Rent (2 BR House): $1902 per month
Considering a move to Alcoa, TN? The current housing index stands at 98.5, indicating relative affordability. Median home prices are at 262000, offering a potential entry point into the housing market that is lower than many areas. However, both average rents for 2-bedroom apartments and houses are reported as 1750 and 1902, respectively, which suggests a potentially stable rental market with opportunity for investment. Prospective residents should further explore this area's pros and cons to align with lifestyle needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Alcoa, TN.
- Electricity Price: $12.57 USD (median by state)
- Natural Gas Price: $12.35 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $238 per month
Living in Alcoa, TN could entail higher utility costs. Electricity costs sit at $12.57, while natural gas is priced at $12.35 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $238 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Alcoa is a financially viable option for your relocation.