The 5 Cheapest Knoxville, TN Neighborhoods To Live In For 2024


The cheapest Knoxville neighborhoods are Parkridge and Beaumont for 2024 based on Saturday Night Science.

Worst Neighborhoods In Knoxville
Source: Wikipedia User Nathan C. Fortner (User:Nfutvol at en.wikipedia) | GFDL

Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.

I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.

And while every neighbhorhood in Knoxville might be more expensive than living in rural Tennessee, there are certain neighborhoods that are definitely cheaper.

What exactly are those Knoxville neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Knoxville are the cheapest using Saturday Night Science.

The Cheapest Neighborhoods In Knoxville For 2024

  1. Parkridge
  2. Beaumont
  3. Oakwood
  4. Belle Morris
  5. South Knoxville

What’s the cheapest neighborhood to live in Knoxville for 2024? According to the most recent census data, Parkridge looks to be the cheapest Knoxville neighborhood to live in.

At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Knoxville. You could be sacrificing location or crime rates for more space and cheaper groceries.

Read on to see how we determined the places around Knoxville that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Knoxville.

For more Tennessee reading, check out:


Table Of Contents: Top Ten | Methodology | Summary | Table


The 5 Cheapest Neighborhoods To Live In Knoxville For 2024

Parkridge Knoxville, TN

Source: Wikipedia User | CC BY 3.0
Overall SnackAbility

4
/10

Population: 1,348
Cost Of Living Index: 76 (6th cheapest)
Home Value To Income Ratio: 2.1 (2nd cheapest)
Rent To Income Ratio: 0.016 (4th cheapest)
More on Parkridge: Data | Real Estate

Overall SnackAbility

4
/10

Population: 1,498
Cost Of Living Index: 71 (cheapest)
Home Value To Income Ratio: 1.9 (cheapest)
Rent To Income Ratio: 0.03 (12th cheapest)
More on Beaumont: Data | Real Estate

Oakwood Knoxville, TN

Source: Wikipedia User | CC BY 3.0
Overall SnackAbility

5
/10

Population: 2,878
Cost Of Living Index: 80 (10th cheapest)
Home Value To Income Ratio: 2.5 (3rd cheapest)
Rent To Income Ratio: 0.016 (3rd cheapest)
More on Oakwood: Data | Real Estate

Overall SnackAbility

4
/10

Population: 1,596
Cost Of Living Index: 76 (6th cheapest)
Home Value To Income Ratio: 2.7 (5th cheapest)
Rent To Income Ratio: 0.023 (7th cheapest)
More on Belle Morris: Data | Real Estate

South Knoxville Knoxville, TN

Source: Public domain
Overall SnackAbility

4
/10

Population: 9,556
Cost Of Living Index: 79 (9th cheapest)
Home Value To Income Ratio: 2.6 (4th cheapest)
Rent To Income Ratio: 0.021 (6th cheapest)
More on South Knoxville: Data | Real Estate

Methodology: How We Determined The Cheapest Knoxville Hoods In 2024

To rank the cheapest places to live in Knoxville, we had to determine what criteria define “cheap” and then apply Saturday Night Science.

Using Census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 14 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Knoxville.” We’re lookin’ at you, Parkridge.

We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Knoxville. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Knoxville

If you’re measuring the neighborhoods in Knoxville where prices are low, and it’s cheap to live, this is an accurate list.

The most affordable neighborhoods in Knoxville are Parkridge, Beaumont, Oakwood, Belle Morris, South Knoxville, Mornngside, Old North Knoxville, Mechanicsville, Fourth And Gill, and College Hills.

As mentioned earlier, the neighborhoods in Knoxville aren’t all cheap. Old City takes the title of the most expensive neighborhood to live in Knoxville.

The most expensive neighborhoods in Knoxville are Old City, Downtown Knoxville, Park City, Old Sevier, and College Hills.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Tennessee reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Knoxville For 2024

Rank Neighborhood Cost Of Living Index
1 Parkridge 76
2 Beaumont 71
3 Oakwood 80
4 Belle Morris 76
5 South Knoxville 79
6 Mornngside 74
7 Old North Knoxville 81
8 Mechanicsville 76
9 Fourth And Gill 85
10 College Hills 72
11 Old Sevier 77
12 Park City 75
13 Downtown Knoxville 99
14 Old City 100
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.