Oak Ridge, TN vs Powell, TN

Oak Ridge is moderately more affordable than Powell, with a 5.5% lower cost of living index. Oak Ridge scores 84 compared to 89 for Powell, where the US average is 100. This difference means residents of Powell can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Oak Ridge is $1,076/month compared to $1,153/month in Powell — a 7% difference. Home values follow the same pattern: Oak Ridge is more affordable at $233,500 median vs $264,500.

Median household income in Oak Ridge is $71,000 compared to $85,281 in Powell (-16.7%). While Powell is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Oak Ridge spend roughly 18.2% of their income on rent, more than the 16.2% in Powell.