Salary Needed to Live in Knoxville as a Family
A family of four (2 adults, 2 children) needs approximately $51,720/year to live comfortably in Knoxville, TN — including 15% savings.
Comfortable Salary
$51,720
with 15% savings
Bare Minimum
$41,376
no savings buffer
Monthly Expenses
$2,586
12% below national avg
Detailed Monthly Budget for a Family in Knoxville
| Expense | Knoxville | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $199 | $209 | -5% |
| 🛒 Groceries | $50 | $44 | +14% |
| ⚡ Utilities | $21 | $28 | -25% |
| 🚗 Transportation | $35 | $44 | -20% |
| 🛡️ Car Insurance | $201 | $223 | -10% |
| 🏥 Health Insurance | $51 | $56 | -9% |
| Childcare/After-school | $1,044 | $1,200 | -13% |
| Internet + Phones | $157 | $180 | -13% |
| Children Activities | $218 | $250 | -13% |
| Dining Out | $305 | $350 | -13% |
| School Supplies & Clothing | $174 | $200 | -13% |
| Healthcare Co-pays | $131 | $150 | -13% |
| Total Monthly | $2,586 | $2,934 | -12% |
How We Calculated the Salary
Monthly expenses:$2,586
Target savings (15%):$571/mo
Monthly after-tax needed:$3,157
Effective tax rate:25%
Gross annual salary needed:$51,720
Other Household Types in Knoxville
Related Pages
FAQ
What salary does a family with kids need in Knoxville?
A family with kids needs approximately $51,720/year ($4,310/month gross) to live comfortably in Knoxville with a 15% savings rate.
How much is rent for a family with kids in Knoxville?
A 3br apartment/house in Knoxville costs approximately $199/month, which is the largest single expense at 8% of the total budget.
Is Knoxville affordable for a family with kids?
Yes, Knoxville is 12% more affordable than the national average for a family with kids.