Alcoa, TN vs Louisville, TN

Alcoa is moderately more affordable than Louisville, with a 8.3% lower cost of living index. Alcoa scores 83 compared to 91 for Louisville, where the US average is 100. This difference means residents of Louisville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Alcoa is $1,057/month compared to $1,082/month in Louisville — a 2% difference. Home values follow the same pattern: Alcoa is more affordable at $232,300 median vs $314,700.

Median household income in Alcoa is $60,049 compared to $83,485 in Louisville (-28.1%). While Louisville 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, more than the 15.6% in Louisville.