Cost of Living in Oliver Springs, TN
Population 3,384 · Tennessee · Data vintage 2023
(100 = US avg)
Oliver Springs's median household income of $38,295 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (19% here). At 8.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Oliver Springs sits roughly 20 miles west of Knoxville — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Knoxville's $214,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Oliver Springs
The median home value in Oliver Springs is $149,600 — 51% below the national median of $305,000. The median household income of $38,295/year is 49% lower than the US median of $74,580. The local unemployment rate is 8.7%, above 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, Oliver Springs has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.
Oliver Springs has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 61 | 70 | 78 | 84 | 87 | 87 | 81 | 71 | 59 | 49 |
| Low °F | 29 | 32 | 39 | 47 | 56 | 64 | 68 | 67 | 61 | 48 | 37 | 32 |
| Precip" | 5.50 | 5.93 | 5.55 | 5.58 | 4.50 | 4.76 | 5.90 | 3.72 | 4.13 | 3.29 | 5.00 | 5.84 |
| Snow" | 1.8 | 1.4 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.6 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Oliver Springs, TN?
Oliver Springs has a cost index of 49 (100 = national average). It is 51% below the national average.
What is the average home price in Oliver Springs?
The median home value in Oliver Springs is $149,600 according to Zillow and Census data.
What is the median income in Oliver Springs?
The median household income in Oliver Springs is $38,295 per year (2023 ACS 5-year estimates).
What is the sales tax in Oliver Springs, TN?
The combined state and local sales tax rate in Oliver Springs is 9.6%. Tennessee has no state income tax.
Is Oliver Springs, TN affordable?
Yes, Oliver Springs is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.
What is the weather like in Oliver Springs?
Oliver Springs 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.
Oliver Springs at a Glance
- Population
- 3,384
- Median Income
- $38,295
- Home Value
- $149,600
- Unemployment
- 8.7%
- Avg High Temp
- 68.7°F
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
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