Knoxville, Tennessee, is a metropolis that provides residents quite a lot of advantages, from an inexpensive price of residing to a vibrant arts and tradition scene. Knoxville additionally ranks as one of many high 10 fastest-growing cities in Tennessee. Nonetheless, like all metropolis, there are additionally some downsides to contemplate, similar to restricted public transportation, nightlife and procuring choices, sizzling summers, and better gross sales tax. On this article, we are going to discover the professionals and cons of residing in Knoxville, and provide you with a whole rundown that can assist you make your best option for you.
So whether or not you’re taking a look at residences in Knoxville, TN or pondering of shopping for a house within the metropolis we’ve received you coated with all the knowledge you must know.
Professionals of residing in Knoxville
1. Inexpensive price of residing
Knoxville, TN, has a extra inexpensive price of residing compared to different close by main markets, making it an ideal place to name dwelling. In distinction, Nashville, positioned about 170 miles to the west, is understood for being a dearer metropolis, with a value of residing that’s 15% larger than Knoxville’s. One of many major causes for Knoxville’s low price of residing is the comparatively cheap housing. For instance, the median sale value in Knoxville is $306,000, which is 23% decrease than the nationwide common of $400,500 and 30% decrease than the median sale value in Nashville.
2. Vibrant arts and tradition scene
Knoxville’s vibrant arts and tradition scene affords quite a few museums, galleries, theaters, and festivals. The town is dwelling to the Knoxville Museum of Artwork, the Clarence Brown Theatre, the World’s Honest Park, and the Sunsphere, amongst others. It additionally hosts a number of cultural festivals, such because the Dogwood Arts Pageant and the Worldwide Biscuit Pageant. Knoxville’s wealthy historical past and dedication to the humanities present residents and guests with numerous cultural experiences.
3. Stunning pure surroundings
The Nice Smoky Mountains encompass Knoxville, offering residents entry to stunning pure surroundings. The town is a hub for out of doors actions similar to mountain climbing, biking, and kayaking, and its quite a few parks and greenways supply alternatives for residents to benefit from the outdoor. From scenic drives within the mountains to exploring the Tennessee River, Knoxville’s pure magnificence offers residents a peaceable retreat from metropolis life.
4. Numerous job alternatives
There are numerous job alternatives throughout many industries, together with healthcare, schooling, manufacturing, and expertise. With the College of Tennessee and Oak Ridge Nationwide Laboratory positioned within the metropolis, Knoxville has an intense analysis and improvement sector. The town can be dwelling to a number of main firms, similar to Pilot Flying J, Bush Brothers & Firm, and Regal Leisure Group. Whether or not you’re beginning your profession or in search of a change, Knoxville affords quite a lot of choices for jobseekers.
5. Handy location
The town is conveniently positioned within the coronary heart of the Southeastern United States, offering easy accessibility to main cities like Nashville, Atlanta, and Charlotte. The town is served by McGhee Tyson Airport, making air journey handy for residents and guests alike. Knoxville can be located on the intersection of assorted main highways, together with I-40 and I-75, making it simple to journey by automotive.
Cons of residing in Knoxville
1. Restricted public transportation
Not like bigger cities similar to Manhattan, Knoxville’s public transportation system is proscribed. With a Transit Rating of 27, town solely has a number of bus routes and no commuter rail service. Whereas town is compact and walkable in some areas, getting round with no automotive will be difficult, notably for these residing in outlying areas. This can be a barrier for some residents who depend on public transportation to get to work or run errands.
2. Restricted nightlife
Knoxville’s nightlife is proscribed in comparison with bigger cities, with fewer bars, nightclubs, and leisure venues. Whereas some fashionable spots exist in areas like Market Sq. and Outdated Metropolis, town could not have the identical selection and pleasure as bigger city facilities. Nonetheless, Knoxville does have a thriving music scene, with many native bands and musicians acting at smaller venues all through town. Moreover, town hosts a number of cultural occasions and festivals all year long, which can supply alternatives for night leisure.
3. Restricted procuring choices
For many who love to buy, choices could also be restricted in some areas, with fewer high-end retailers and luxurious procuring locations in comparison with bigger cities. Whereas town has a number of procuring facilities and malls, together with West City Mall, some residents could have to journey exterior town for extra numerous procuring experiences. Nonetheless, Knoxville does have a stable native retail scene, with many distinctive boutiques and retailers providing handmade and one-of-a-kind objects.
4. Scorching summers
Knoxville experiences sizzling summers, with common excessive temperatures within the 80s and 90s (°F) from Could to September. Humidity may also be excessive, making the warmth really feel extra intense. This can be uncomfortable for some residents who’re delicate to the warmth, notably those that do not need entry to air con. Nonetheless, town’s proximity to the Nice Smoky Mountains offers alternatives for out of doors recreation in cooler mountain temperatures, and plenty of indoor points of interest and actions supply respite from the warmth.
5. Larger gross sales tax
Tennessee’s gross sales tax is notably larger than the nationwide common, hovering round 7%. Compared, most states have a gross sales tax charge throughout the 4-7% vary. Tennessee’s excessive gross sales tax charge can impression residents’ buying energy and general price of residing. Knoxville, TN, has a mixed gross sales tax of 9.25% when factoring in state, county, and metropolis gross sales tax charges.