Knoxville, TN — income, home value, property tax, and sales tax.
In ZIP code 37918, which takes in part of Knoxville, households earn a median of $69,752 a year, while per-capita income sits at $37,230. A median home value of $274,900 carries an effective county property tax rate of 0.43%, so annual property taxes stay comparatively contained. Sales taxes, though, add up quickly at a combined 9.25%, which trims spending power on everyday purchases. With earnings near seventy thousand, buyers here can absorb both the mortgage on a home priced around that median and the higher checkout costs, though the sales rate rewards those who keep discretionary spending in check.
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