Alcoa, TN vs Sevierville, TN

Alcoa, TN and Sevierville, TN have a very similar cost of living, with only a 1.1% difference in their overall index. Alcoa scores 83 while Sevierville scores 83 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Alcoa is $1,057/month compared to $1,000/month in Sevierville — a 6% difference. Interestingly, home values tell a different story: while Sevierville has cheaper rent, Alcoa actually has lower median home values ($232,300 vs $264,000).

Median household income in Alcoa is $60,049 compared to $55,106 in Sevierville (+9%). 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 21.8% in Sevierville.