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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.
I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.
And while every neighbhorhood in Knoxville might be more expensive than living in rural Tennessee, there are certain neighborhoods that are definitely cheaper.
So what exactly are those Knoxville neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Knoxville are the cheapest.
The Cheapest Neighborhoods In Knoxville For 2022
What's the cheapest neighborhood to live in Knoxville for 2022? According to the most recent census data, College Hills looks to be the cheaptest Knoxville neighborhood to live in.
At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Knoxville. You could be sacrificing location or crime rates in return for more space and cheaper groceries.
Read on to see how we determined the places around Knoxville that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Knoxville.
Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.
For more Tennessee reading, check out:
- Best Places To Live In Tennessee
- Cheapest Places To Live In Tennessee
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 5 Cheapest Neighborhoods To Live In Knoxville For 2022
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Population: 320
Cost Of Living Index: 73 (2nd cheapest)
Home Value To Income Ratio: 4.8 (11th cheapest)
Rent To Income Ratio: 0.024 (3rd cheapest)
More on College Hills: Homes For Sale | Data
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Population: 2,767
Cost Of Living Index: 77 (4th cheapest)
Home Value To Income Ratio: 3.3 (7th cheapest)
Rent To Income Ratio: 0.026 (6th cheapest)
More on Park City: Homes For Sale | Data
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Population: 316
Cost Of Living Index: 79 (8th cheapest)
Home Value To Income Ratio: 2.7 (3rd cheapest)
Rent To Income Ratio: 0.026 (7th cheapest)
More on Old Sevier: Homes For Sale | Data
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Population: 1,922
Cost Of Living Index: 78 (6th cheapest)
Home Value To Income Ratio: 2.6 (2nd cheapest)
Rent To Income Ratio: 0.029 (11th cheapest)
More on Parkridge: Homes For Sale | Data
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Population: 5,198
Cost Of Living Index: 73 (2nd cheapest)
Home Value To Income Ratio: 2.6 (cheapest)
Rent To Income Ratio: 0.057 (16th cheapest)
More on Fort Sanders: Homes For Sale | Data
Methodology: How We Determined The Cheapest Knoxville Hoods In 2022
In order to rank the cheapest places to live in Knoxville, we had to determine what criteria defines "cheap".
Using census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 16 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Knoxville." We're lookin' at you, College Hills.
Read on below to learn more about what it's like to live in the cheapest places Knoxville. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Knoxville
If you're measuring the neighborhoods in Knoxville where prices are low and it's cheap to live, this is an accurate list.
As we mentioned earlier, the neighborhoods in Knoxville aren't all cheap. Downtown Knoxville takes the title of the most expensive neighborhood to live in Knoxville.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Tennessee reading, check out:
- Most Dangerous Cities In Tennessee
- Richest Cities In Tennessee
- Safest Places In Tennessee
- Worst Places To Live In Tennessee
Detailed List Of The Cheapest Neighborhoods To Live In Knoxville For 2022
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | College Hills | 73 |
| 2 | Park City | 77 |
| 3 | Old Sevier | 79 |
| 4 | Parkridge | 78 |
| 5 | Fort Sanders | 73 |
| 6 | South Knoxville | 81 |
| 7 | Oakwood | 83 |
| 8 | Beaumont | 72 |
| 9 | Mornngside | 78 |
| 10 | Mechanicsville | 79 |
| 11 | Old North Knoxville | 81 |
| 12 | Fourth And Gill | 88 |
| 13 | Belle Morris | 79 |
| 14 | Edgewood | 79 |
| 15 | Old City | 100 |
| 16 | Downtown Knoxville | 100 |
