ZIP Code 31078

In ZIP code 31078, near Knoxville, households bring in a median of $54,688 a year, which works out to $26,174 per person. With homes valued at a median of $124,400 and the county's effective property tax rate at 0.87%, annual property taxes on such a home would come to roughly $1,082. Sales taxes add 8.00% to purchases made in the area. That leaves households balancing everyday spending against these costs, and because the sales tax applies broadly, it takes a steady bite out of income throughout the year.