Alcoa, TN vs Oak Grove CDP (Washington County), TN

Oak Grove CDP (Washington County) is moderately more affordable than Alcoa, with a 9.8% lower cost of living index. Alcoa scores 83 compared to 76 for Oak Grove CDP (Washington County), where the US average is 100. This difference means residents of Alcoa 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 $833/month in Oak Grove CDP (Washington County) — a 27% difference. Interestingly, home values tell a different story: while Oak Grove CDP (Washington County) has cheaper rent, Alcoa actually has lower median home values ($232,300 vs $241,100).

Median household income in Alcoa is $60,049 compared to $63,625 in Oak Grove CDP (Washington County) (-5.6%). Oak Grove CDP (Washington County) offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alcoa spend roughly 21.1% of their income on rent, more than the 15.7% in Oak Grove CDP (Washington County).