Alcoa, TN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
85
Alcoa's Overall Cost Of Living
0.8x
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:

40 out of 105
In Tennessee
777 out of 6,412
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
For more reading on cost of living around Tennessee, check out:
Alcoa Cost of Living Vs. TN

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
Search Homes For Sale In Alcoa, TN
$167,100
Median Home Value
$881
Median Rent
$55,440
Median Income

Alcoa, TN Costs By Category

Detailed Alcoa Services Costs Vs. Tennessee

Item Alcoa Tennessee
Shampoo $0.84 $1.06
Movie $10.22 $10.68
Bowling $18.67 $14.67
Haircut $14.73 $18.62
Beauty Salon $37.6 $39.05

Detailed Alcoa Groceries Costs Vs. Tennessee

Item Alcoa Tennessee
Ground Beef $4.41 $4.22
Fried Chicken $0.99 $1.39
Milk $1.85 $2.05
Potatoes $2.88 $3.29
Pizza $9.99 $10.62
Beer $9.75 $9.38
Toothpaste $1.5 $2.34

Detailed Alcoa Health Costs Vs. Tennessee

Item Alcoa Tennessee
Optometrist $88.0 $108.57
Doctor $105.73 $116.17
Dentist $88.77 $99.13

Detailed Alcoa Transportation Costs Vs. Tennessee

Item Alcoa Tennessee
Gasoline $2.06 $2.22
Tire Balancing $36.44 $50.07

Detailed Alcoa Utilities Costs Vs. Tennessee

Item Alcoa Tennessee
All Electricity $149.12 $167.67
Phone $184.96 $175.64

Alcoa SnackAbility

4
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
7
Diversity
8.5
Safety
3
Amenities
7
Education
6
Commute
7

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

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