Cost of Living in Loudon, TN

Population 6,235 · Tennessee · Data vintage 2023

69
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Loudon a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $221,000.

Geographically, Loudon is about 30 miles southwest of Knoxville, the nearest large metro. Housing prices track closely with Knoxville's $214,000 median.

Cost Overview

Housing 72
Rent 65

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Loudon

The median home value in Loudon is $220,900 — 28% below the national median of $305,000. Median rent runs $849/month, 35% lower than the national median of $1,314/month. The median household income of $58,810/year is 21% lower than the US median of $74,580. The local unemployment rate is 3.3%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 68.7°F and lows of 48.4°F, with about 4.4" of annual snowfall. Overall, Loudon has a cost of living index of 69 versus the US average of 100, meaning it is 31% less expensive.

🏠 Housing

Median Home Value
$220,900
28% below avg
Zillow Home Value
$489,796
Zillow ZHVI
Median Rent
$849/mo
35% below avg
Zillow Rent
$2,925/mo
Zillow ZORI
Price-to-Rent Ratio
21.7x
Favors renting
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$809
2 BR
$948
3 BR
$1,265
4 BR
$1,510
Owner-occupied 64.1%
Renter-occupied 35.9%

💰 Estimated Monthly Budget

Rent median rent
$849
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,463/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.2 min
18% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.5%

Commute Mode

Drove alone
82.9%
Carpooled
9.9%
Work from home
6.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.6%
State rate 7.0%
Avg local rate 2.5%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$58,810
21% below avg
Per Capita Income
$33,837
Unemployment Rate
3.3%
32% below avg
Poverty Rate
16.2%
Labor Force Participation
55.1%

🎓 Education

Bachelor's degree+ 11.4%
Graduate degree 6.1%

👥 Demographics

Median Age 39.8
Male median age 38.2
Female median age 44.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
68.7°F
Avg Low
48.4°F
Annual Precip
59.7"
Annual Snowfall
4.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475161707884878781715949
Low °F 293239475664686761483732
Precip" 5.505.935.555.584.504.765.903.724.133.295.005.84
Snow" 1.81.40.60.00.00.00.00.00.00.00.00.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
73.1%
Good air days/yr
107
Max AQI recorded
213
PM2.5 days
148
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
15.7:1
Student-teacher ratio
9
Public schools
4,876
Total enrollment

Frequently Asked Questions

What is the cost of living in Loudon, TN?

Loudon has a cost index of 69 (100 = national average). It is 31% below the national average.

What is average rent in Loudon, TN?

The median gross rent in Loudon is $849 per month based on 2023 Census data.

What is the average home price in Loudon?

The median home value in Loudon is $220,900 according to Zillow and Census data.

What is the median income in Loudon?

The median household income in Loudon is $58,810 per year (2023 ACS 5-year estimates).

What is the sales tax in Loudon, TN?

The combined state and local sales tax rate in Loudon is 9.6%. Tennessee has no state income tax.

Is Loudon, TN affordable?

Yes, Loudon is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.

What is the weather like in Loudon?

Loudon has average high temperatures of 68.7°F and average lows of 48.4°F. Annual precipitation is 59.7". Average annual snowfall is 4.4". Data from NOAA 1991–2020 Climate Normals.

Loudon at a Glance

Population
6,235
Median Income
$58,810
Home Value
$220,900
Median Rent
$849/mo
Unemployment
3.3%
Avg High Temp
68.7°F
Sales Tax
9.6%
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