August 11, 2022 | More News

2022 Facts and Figures Report Available

A low cost-of-living, lively arts and culture scene, and variety of commerce and industry contribute to making Knoxville an attractive place to live, raise a family, and own a business.

Knoxville was recently ranked 10th “Most Affordable Major City” by Yahoo Finance and ranked 2nd in Yahoo’s “10 Coolest Cities with the Lowest Cost of Living.” U.S. News reports Knoxville as No. 35 among the best cities to live, No. 17 on their list of best places for young professionals, and a top-20 retirement destination.

While Knoxville maintains a low cost of living, home prices have risen sharply in recent years. Continuing that trend, the median single-family home sales price in Knox County rose from $249,000 in 2021 to $325,000 in 2022. While that number was nearly identical to the metro area last year, Knox County's median was $17,000 higher than the metro area this year.

Other notable highlights in the report are amenities that make the area unique. Those include more than 65 miles of multi-use trails in Knoxville’s Urban Wilderness, the 44-mile Knox County Water Trail, the area’s status as the “Most Pet Friendly Community,” access to parks and greenways, and proximity to the Great Smoky Mountains National Park.

For more information on the Knoxville area, check out the 2022 Facts & Figures Report.