If you’re searching for a nice and affordable place to live with a good quality of life and beautiful surroundings, you might think about Alcoa, Tennessee. Alcoa is a small city in Blount County with around 10,000 residents.
It’s situated near the Great Smoky Mountains National Park, a popular national park. Alcoa is also not far from Knoxville, the third-largest city in Tennessee, where you can find more entertainment, culture, and education opportunities.
Alcoa: the Cheapest Place to Live in Tennessee
With an average home sale price of $146,500, Alcoa is the least expensive area to live in Tennessee, according to a recent Redfin research. This is significantly less than the $220,150 state median and the $353,000 federal median.With an average monthly rent of about $700, apartment rentals in Alcoa are likewise reasonably priced.
With a low cost of living index of 79.9, Alcoa has less expensive costs than the national average of 100 for housing, utilities, groceries, and medical care.
Alcoa is an excellent place to live in addition to being inexpensive. The city’s rich history began in 1913 when the Aluminum Company of America, which is now Alcoa Inc., established a plant to manufacture aluminum for use in aircraft.
One of the main employers in the city, the plant is still in operation today. Along with a strong feeling of community, Alcoa hosts a number of annual events and festivals, including the Christmas Parade, the Fall Festival, and FreedomFest.
With a low student-teacher ratio and a high graduation rate, Alcoa’s public school system is good. Alcoa has an abundance of parks, trails, and leisure centers where you may take in the area’s natural beauty and outdoor pursuits.
Alcoa may be the ideal option for you if you’re searching for an affordable housing option in Tennessee without sacrificing quality. Alcoa is a great place to call home since it has a beautiful setting, a reasonable cost of living, and a high quality of life.
Some Other Affordable Cities in Tennessee
Here are some more affordable cities in Tennessee:
| City | Cost of Living Index | Median Home Sale Price | Average Apartment Rent |
| Chattanooga | 84.6 | $189,900 | $1,000 |
| Johnson City | 82.3 | $179,900 | $850 |
| Clarksville | 82.8 | $189,900 | $950 |
| Oak Ridge | 84.9 | $169,900 | $800 |
| Murfreesboro | 87.4 | $249,900 | $1,100 |
1. Chattanooga: It’s the fourth largest city in Tennessee with a low cost of living (index 84.6). The median home price is $189,900, and the average apartment rent is $1,000 per month.
2. Johnson City: Located in the northeast near Virginia and North Carolina, it has a cost of living index of 82.3. The median home price is $179,900, and the average apartment rent is $850 per month.
3. Clarksville: This city is the fifth largest in Tennessee, with a cost of living index of 82.8. The median home price is $189,900, and the average apartment rent is $950 per month.
4. Oak Ridge: Situated about 25 miles west of Knoxville in the east, it has a cost of living index of 84.9. The median home price is $169,900, and the average apartment rent is $800 per month.
5. Murfreesboro: It’s the sixth largest city in Tennessee with a cost of living index of 87.4. The median home price is $249,900, and the average apartment rent is $1,100 per month.
You May Also Read:
To Conclude
In summary, Alcoa, Tennessee, is a fantastic choice if you want a place to live that’s affordable, has a good quality of life, and beautiful surroundings. It’s close to the Great Smoky Mountains National Park, and living costs are low. The community is strong, and there are many yearly events and festivals. If you’re searching for an affordable place to live in Tennessee, Alcoa is a great option to think about.
