Alcoa, TN vs Springfield, TN

Alcoa, TN and Springfield, TN have a very similar cost of living, with only a 4% difference in their overall index. Alcoa scores 83 while Springfield scores 87 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 $1,107/month in Springfield — a 5% difference. Home values follow the same pattern: Alcoa is more affordable at $232,300 median vs $235,200.

Median household income in Alcoa is $60,049 compared to $58,741 in Springfield (+2.2%). Alcoa 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, less than the 22.6% in Springfield.