Cost of Living in Oak Ridge, TN

Population 32,088 · Tennessee · Data vintage 2023

79
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Oak Ridge's cost indicators track within a reasonable band of national figures, with median household incomes near $71,000 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Located 20 miles west of Knoxville, Oak Ridge falls within that metro's commuting orbit. Median home values run roughly 9% higher than Knoxville's $214,000.

Cost Overview

Housing 77
Rent 82

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

About the Cost of Living in Oak Ridge

The median home value in Oak Ridge is $233,500 — 23% below the national median of $305,000. Median rent runs $1,076/month, 18% lower than the national median of $1,314/month. The median household income of $71,000/year is 5% lower than the US median of $74,580. The local unemployment rate is 4.7%, 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, Oak Ridge has a cost of living index of 79 versus the US average of 100, meaning it is 21% less expensive.

🏠 Housing

Median Home Value
$233,500
23% below avg
Zillow Home Value
$318,284
Zillow ZHVI
Median Rent
$1,076/mo
18% below avg
Zillow Rent
$1,691/mo
Zillow ZORI
Price-to-Rent Ratio
18.1x
Favors buying
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 64.5%
Renter-occupied 35.5%

💰 Estimated Monthly Budget

Rent median rent
$1,076
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,690/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
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.9%

Commute Mode

Drove alone
71.4%
Carpooled
11.6%
Public transit
0.1%
Walked
2.1%
Bicycle
0.1%
Work from home
13.9%

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
$71,000
5% below avg
Per Capita Income
$39,693
Unemployment Rate
4.7%
3% below avg
Poverty Rate
12.9%
Labor Force Participation
58.2%

🎓 Education

Bachelor's degree+ 21.6%
Graduate degree 17.8%

👥 Demographics

Median Age 39.2
Male median age 37.8
Female median age 40.6

🌤 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 41 — Good
89.5%
Good air days/yr
105
Max AQI recorded
0
PM2.5 days
237
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
14.6:1
Student-teacher ratio
8
Public schools
4,775
Total enrollment

Frequently Asked Questions

What is the cost of living in Oak Ridge, TN?

Oak Ridge has a cost index of 79 (100 = national average). It is 21% below the national average.

What is average rent in Oak Ridge, TN?

The median gross rent in Oak Ridge is $1,076 per month based on 2023 Census data.

What is the average home price in Oak Ridge?

The median home value in Oak Ridge is $233,500 according to Zillow and Census data.

What is the median income in Oak Ridge?

The median household income in Oak Ridge is $71,000 per year (2023 ACS 5-year estimates).

What is the sales tax in Oak Ridge, TN?

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

Is Oak Ridge, TN affordable?

Yes, Oak Ridge is generally considered affordable, with a cost of living index of 79 — about 21% below the US national average of 100.

What is the weather like in Oak Ridge?

Oak Ridge 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.

Oak Ridge at a Glance

Population
32,088
Median Income
$71,000
Home Value
$233,500
Median Rent
$1,076/mo
Unemployment
4.7%
Avg High Temp
68.7°F
Sales Tax
9.6%
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