Alcoa, TN vs Algood, TN

There is a significant gap in the cost of living between these two cities. Algood is 16.1% cheaper than Alcoa. With a cost index of 72 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Algood to Alcoa should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alcoa is $1,057/month compared to $822/month in Algood — a 29% difference. Home values follow the same pattern: Algood is more affordable at $179,400 median vs $232,300.

Median household income in Alcoa is $60,049 compared to $40,514 in Algood (+48.2%). While Alcoa is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alcoa spend roughly 21.1% of their income on rent, less than the 24.3% in Algood.