29 Cheapest Places To Live In The U.S.

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Knoxville, Tennessee

Source: https://livability.com/

The original capital of Tennessee is the primary city of the Knoxville Metropolitan Statistical Area. Though it struggled with geographic isolation in the early 19th century, the arrival of railroads in the area in 1855 led to Knoxville’s economic boom, and it grew rapidly as the center of manufacturing and wholesale. Though the textile industry collapsed in the 1950s, the city’s economy became diversified and opened posts in government, retail, education, health care, service, hospitality, and manufacturing sectors.

Knoxville is home to the University of Tennessee and is also the headquarters of the Tennessee Valley Authority, as well as several other regional and national companies. In 2018, Reader’s Digest dubbed Knoxville “The Nicest Place in America.”

Also called the “Queen City of the Mountains,” the “Marble City,” and the “Heart of the Valley,” the city keeps its residents busy, employed in various industries and enjoying the city’s many events, festivals, and cultural sites. Furthermore, K-Town is known for its across-the-board affordability from food to housing-related expenses to transportation.

Cost of Living: 85.5
Median Home Value: $175,600
City Population: 853,000
Median Household Income: $33,494
Unemployment Rate: 3.2%