One of the most important considerations when relocating to a new area is the cost of living. While Lenoir City is cheaper than most other cities in Tennessee, some areas are higher than others on a state or federal level. However, overall, housing costs, utilities, groceries, and miscellaneous goods are lower than national averages. If you're considering moving to Lenoir City, the following information should help you make the decision.
There are approximately 9,122 people in Lenoir City. These residents are made up mostly of young people in their early 20s. There are 3.5 people per household. In terms of ethnicity, Lenoir City ranks 8936th in the United States, and 153rd in the state. However, if you're wondering about the local economy, you should keep in mind that Lenoir City is home to many industries and has a stable population.
The city government of Lenoir City is based on a Mayor-Alderman form of government. This means that there are seven members on the board of Mayor and Aldermen, which serves as the city's legislative body. The Aldermen are non-partisan and elected each November on the first Tuesday of the month. Elections take place on odd-numbered years. Currently, the Board of Mayor and Aldermen is comprised of Tony R. Aikens, James Brandon, Douglas "Buddy" Hines, Mike Henline, Eddie Simpson, and William P. Sanders.
The wealthiest citizens in Lenoir City are those who earn over $30k annually. The city's overall livability rating is above average. The Wealth Index is based on a combination of factors that measure affluence, including household income and net worth. The percentage of households in Lenoir City with at least two cars is highest. Those with only one car are considered to be poorer.