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Regional Profile ~ Snapshot
Innovation Valley - the Best Place in the World to Call Home
The Knoxville-Oak Ridge Innovation Valley offers a quality of life that is second to none. Its growing population demonstrates that people from all over are attracted to its vibrant cities and suburbs and serene rural areas. The region boasts a moderate climate, lower cost of living, affordable housing, and numerous cultural and recreational activities.
Living Costs
Innovation Valley residents enjoy a moderate cost of living, with average expenses for necessities well below the national average:
- Cost of living: 9 percent lower than the national average
- Housing: 20 percent lower than the national average
- Healthcare: 9.7 lower than the national average
2009 Cost of Living IndexModerate Climate
The climate is moderate, with four distinct seasons:
- Average annual temperature: 58 degrees F
- Average high temperature:
- January: 49 degrees F
- July: 86 degrees F
- Average low temperature:
- January: 28 degrees F
- July: 69 degrees F
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