Cost of Living in Tellico Village, TN

Population 6,901 · Tennessee · Data vintage 2023

157
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Tellico Village is 71 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals. An unemployment rate of 2.3% points to a labor market well on the tight side of the national distribution.

Tellico Village is about 25 miles southwest of Knoxville, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 127% higher than Knoxville's $214,000.

Cost Overview

Housing 159
Rent 154

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

About the Cost of Living in Tellico Village

The median home value in Tellico Village is $484,900 — 59% above the national median of $305,000. Median rent runs $2,020/month, 54% higher than the national median of $1,314/month. The median household income of $98,214/year is 32% higher than the US median of $74,580. The local unemployment rate is 2.3%, 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 70.0°F and lows of 49.1°F, with about 4.6" of annual snowfall. Overall, Tellico Village has a cost of living index of 157 versus the US average of 100, meaning it is 57% more expensive.

🏠 Housing

Median Home Value
$484,900
59% above avg
Median Rent
$2,020/mo
54% above avg
Price-to-Rent Ratio
20.0x
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 96.1%
Renter-occupied 3.9%

💰 Estimated Monthly Budget

Rent median rent
$2,020
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,634/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
32.0 min
19% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.2%

Commute Mode

Drove alone
63.1%
Carpooled
7.7%
Walked
0.2%
Work from home
26.2%

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
$98,214
32% above avg
Per Capita Income
$68,619
Unemployment Rate
2.3%
53% below avg
Poverty Rate
2.6%
Labor Force Participation
19.1%

🎓 Education

Bachelor's degree+ 31.1%
Graduate degree 24.3%

👥 Demographics

Median Age 70.7
Male median age 71.1
Female median age 70.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
70.0°F
Avg Low
49.1°F
Annual Precip
51.9"
Annual Snowfall
4.6"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485361717986888883726051
Low °F 303340485765696861493833
Precip" 4.764.814.894.714.134.245.253.633.492.814.215.00
Snow" 1.71.40.90.00.00.00.00.00.00.00.10.5

💨 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

Frequently Asked Questions

What is the cost of living in Tellico Village, TN?

Tellico Village has a cost index of 157 (100 = national average). It is 57% above the national average.

What is average rent in Tellico Village, TN?

The median gross rent in Tellico Village is $2,020 per month based on 2023 Census data.

What is the average home price in Tellico Village?

The median home value in Tellico Village is $484,900 according to 2023 Census ACS data.

What is the median income in Tellico Village?

The median household income in Tellico Village is $98,214 per year (2023 ACS 5-year estimates).

What is the sales tax in Tellico Village, TN?

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

Is Tellico Village, TN affordable?

Tellico Village is above average in cost of living, with an index of 157 — about 57% higher than the national average.

What is the weather like in Tellico Village?

Tellico Village has average high temperatures of 70.0°F and average lows of 49.1°F. Annual precipitation is 51.9". Average annual snowfall is 4.6". Data from NOAA 1991–2020 Climate Normals.

Tellico Village at a Glance

Population
6,901
Median Income
$98,214
Home Value
$484,900
Median Rent
$2,020/mo
Unemployment
2.3%
Avg High Temp
70.0°F
Sales Tax
9.6%
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