KnoxMovesNOW.com Cities: Best Quality of Life Without Financial Sacrifices Cities: Best Quality of Life Without Financial Sacrifices Knoxville, Tennessee Knoxville is home to the University of Tennessee, but the city is more than a college town. Located in the foothills of the Appalachian Mountains, it offers its residents history, culture and entertainment. The cost of living in Knoxville is 8.2% lower than the U.S. average. The median home price in Knoxville is $314,700. That’s 6.9% cheaper than the national average home cost. Renting a two-bedroom unit in Knoxville costs $1,190 monthly, which is 16.8% less than the national average rent for a two-bedroom apartment. The median household income is $44,308, and the average commute time is just under 20 minutes. “Knoxville is another city where the cost of living is significantly below the national average,” Williams said. “Housing is particularly affordable, and the city provides a friendly and welcoming community. Knoxville offers a mix of urban and outdoor activities, with the Great Smoky Mountains nearby for nature enthusiasts. The local economy is diverse, with strong education, manufacturing and retail sectors. Additionally, the University of Tennessee adds a youthful and dynamic vibe to the city.” GOBankingRates