In Knoxville, the cost of basic utilities is around $144 per month. Electricity, heating, cooling, water, and rubbish are all included. Utilities will vary greatly depending on your need and usage. Summers in Knoxville are humid and hot, and winters are short, cold, and damp. You’ll probably pay more for utilities in the summer because you’ll be using the air conditioner more. Check to see if your apartment has adequately sealed windows, and look for flats with a nice ceiling fan to aid with cooling costs.
The average cost of cable and internet in Knoxville is about $66 per month, which is comparable to the rest of the country. Knoxville, on the other hand, is a large city with a wide range of providers that will allow you to bundle your internet, phone, and cable costs. Make careful to weigh all of your alternatives and consider your internet, phone, and entertainment requirements.
What are the average utility costs in Knoxville, Tennessee?
Fortunately, Knoxville has some of the best weather in the country. Though the city receives a few inches of snow each year, the winters are moderate and the summers are hot.
Because of the moderate weather, Knoxville residents may have lower utility expenditures than the national average of $240.
The average monthly utility cost in Knoxville is $168.19, which includes gas, fuel, electricity, and water. Find out more about each city’s expected utility expenses!
This rate does not include services like Wi-Fi or cell coverage, so plan on spending roughly $185.84 per month in Knoxville to cover those expenses.
How much does the average Tennessee utility bill cost?
Another important item to consider when calculating the cost of living for a location and creating a budget to suit that cost of living estimate is your monthly utility expenses. After all, living comfortably in this day and age without electricity and running water is really tough!
The average monthly electricity cost in Tennessee is roughly $123.30. This is just a smidgeon higher than the national average of $111.67. The average Tennessee resident pays roughly $145 per month for their utilities.
In Tennessee, how much does electricity cost per month?
According to the research, Tennessee’s average power price for all sectors is 9.69 cents per kWh, compared to the national average of 10.54 cents per kWh. According to the firm, the average monthly electricity cost in Canada is $132.33, compared to $115.49 in the United States.
Is power in Tennessee expensive?
We looked at seven important cost-of-living factors to assist potential homebuyers prepare for life in Tennessee. Remember, this is merely a suggestion the location of your property is the most important factor in determining your cost-of-living expenses.
Utilities
One of the few metrics in which Tennessee is more expensive than the national average is the cost of utilities. According to the US Energy Information Administration, Tennessee’s average monthly energy cost is roughly $123.30. The national average for utility payments in the United States is $111.76 per month.
Monthly utility expenditures are, unsurprisingly, even greater in Tennessee’s main cities. The average monthly cost of energy, heating, cooling, water, and garbage disposal in Nashville is $172.18. You can expect to pay $68.95 per month on average for an unlimited internet service.
Transportation
Tennessee’s average vehicle insurance premium is roughly $1,229, which is around $280 less than the national average. Fuel is similarly inexpensive, costing $1.97 per gallon on average.
Housing
Housing will likely be your largest Tennessee cost of living expense unless you inherit real estate. The average cost of a home in Tennessee is roughly $170,800. This is significantly less than the national average of $334,000 for new homes and $260,000 for previously owned homes.
However, keep in mind that this average includes both urban and rural Tennessee home sales. Homebuyers in Nashville and Memphis might expect to pay slightly more for their homes. Looking back at Nashville, 38.9% of the city’s inventory is priced between $136,000 and $273,000, according to the city’s website. The median price for a three-bedroom, two-bathroom home, on the other hand, is currently $326,327.
Tennessee is a desirable state for purchasers looking to buy a house that will appreciate in value. Between 2013 and 2018, the value of a home increased by 35.6 percent. Following a temporary slowdown, this trend has resumed, with the value of Tennessee homes increasing by 10.8% in the last year.
Tennessee is an excellent place for renters if you’re still saving for a deposit. The average monthly rent for a two-bedroom apartment is only $854. That’s $270 less than the national average of $1,124 each month in the United States. That’s an extra $3,240 in your savings account over the course of a year.
Food
If you’ve already set your sights on a home or a rental unit, you’re probably already planning how you’ll fill your refrigerator and pantry. Fortunately, food prices in Tennessee are often lower than the national average. A single adult in Tennessee spends an average of $2,990 per year on food, according to MIT’s Living Wage Calculator. The cost of food for a family of four rises to around $8,820.
The most important factor in determining individual food prices is where you reside. Consider the price of a dozen eggs. In Memphis, a pack of eggs will set you back $2.48, whereas in Chattanooga, the same pack of eggs would set you back $1.92.
Healthcare
Tennessee’s healthcare costs are slightly higher than the national average. The aggregated score for healthcare coverage is 1.9 points higher than the national average of 100, according to the 2021 Cost of Living Index. Of course, particular charges will vary depending on your insurance provider and plan selection.
Tennessee’s tax system is a fascinating case study. For starters, Tennessee became the eighth state in the United States to abolish the state income tax in 2021. So, aside from federal income tax, Tennessee residents just have to be concerned about sales tax. Tennessee’s standard sales tax rate is 7%, however local governments can add an additional 1.50 percent to 2.75 percent surcharge.
Tennessee residents had to pay a 1% tax on interest and dividend income before to 2021. This tax was, however, eliminated on January 1, 2021. Unfortunately, while all of this sounds great for individual workers and small business owners, economists are concerned that eliminating Tennessee’s graduated-rate tax structure will increase inequality.
Salary
Tennessee’s average wage is roughly $63,000. When you consider the national average is roughly $45,500, that’s quite outstanding. There is a great demand for high-paying professions as general physicians, psychiatrists, orthodontists, obstetricians, and gynecologists in Tennessee if you have a higher degree.
Tennessee does not have a statewide minimum wage. If you’re migrating from another state, keep in mind that temporary work in hospitality or retail may not pay as well as they do elsewhere in the country.
How much does a typical water bill in Tennessee cost?
The White House Utility District serves a 660-square-mile area north of Nashville, Tennessee, that is mostly rural. A little more than 1,250 kilometers of pipes deliver water to customers. The White House Utility District provides water to around 25 connections per mile of pipe.
“Compared to practically any other water system in Tennessee, we have relatively few connections per mile of pipe because of the rural composition of our customer base,” says Bill Thompson, general manager of the White House Utility District.
Thompson claims that the White House Utility District’s customers pay more because of the low number of connections per mile of water line. According to him, the more connections per mile a water system has, the cheaper the expenses are for users.
The White House Utility District is located north of Nashville, Tennessee, and serves a primarily rural area.
According to a LawnStarter examination of data from the consumer rights group Food & Water Watch, the White House Utility District had the highest household water bills last year among Tennessee’s 11 major community water systems, at $512.64. None of the other ten water systems had bills that exceeded $500 per year. Cross Plains, Gallatin, Goodlettsville, Greenbrier, Hendersonville, Millersville, Orlinda, Portland, Ridgetop, and Springfield are among the communities served by the district.
Residential users of Memphis Light, Gas, and Water, on the other hand, had the lowest yearly water rates of the 11 largest community water systems in Tennessee last year, at $120.71.
Food & Water Watch calculated the bill based on the use of 60,000 gallons of water over the course of a year.
In 2015, the average yearly water bill for the 11 Tennessee community water systems evaluated was $304.82. The average water bill was $337.60 among the 500 largest community water systems studied across the United States.
In 2015, a home customer using 60,000 gallons of water in Tennessee’s 11 largest community water systems received the following annual water bill.
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Is living in Knoxville or Nashville less expensive?
The cost of living in Knoxville is 15.7 percent less than in Nashville-Davidson. The cost of housing in Knoxville is 33.8 percent less than in Nashville-Davidson. Knoxville has a 1.0 percent lower health-care cost.
Is Knoxville a low-cost city?
Knoxville has a cost-of-living index of 86/100, making it a very affordable city. In fact, none of the major expense indexes in this area are higher than the national average, which is wonderful. Groceries, utilities, transportation, and healthcare will all be cheaper for the ordinary Knoxville family. With a cost index of 75/100, housing costs are likewise extremely cheap. In other words, Knoxville, Tennessee, is both economical and attractive. All of the primary expense indexes that you can use to compare to other cities are listed below:
What is it like to live in Knoxville, Tennessee?
Knoxville is located in Knox County and is one of Tennessee’s top places to live. Residents in Knoxville enjoy a dense suburban vibe, with the majority of residents renting their homes. There are numerous restaurants and parks in Knoxville. Knoxville is home to a large number of young professionals, and the city’s population are conservative.
Is it affordable to live in Tennessee?
Tennessee, in short, has a particularly low cost of living. According to a research conducted by the World Population Review, Tennessee will be the sixth most affordable state to live in in 2021. That’s rather typical for The Volunteer State, where living expenditures have consistently ranked among the top 10 in terms of affordability.