Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Crime
This area reports elevated crime rates per 100,000 individuals, potentially pointing some areas being unsafe for its residents. Stats are based on both property and violent crimes.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Rockwood is a smaller city located in the state of Tennessee. The city has a population of 5,446 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (88% White). Given that fact, Rockwood could be considered less diverse than other cities. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Rockwood your home, your one-way commute time will typically last around 26 minutes, a duration that aligns with the national average commute time of 26 minutes.
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Rockwood could be a positive experience compared to other cities in Tennessee if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Rockwood and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Tennessee and national averages.
The livability score in Rockwood is 52 out of 100 and the city is ranked in the 16th percentile of all cities across America. This is not a favorable rating; as this score ranks among some of the lowest in America. Living in Rockwood may not be a pleasant experience. If we dig down a little deeper into each category within the livability score, we see that Rockwood has higher than average rankings for the following: housing (A+). Unfortunately for Rockwood, there are some categories for which it does not rank well, this includes: amenities (F), crime (F), education (F) and employment (F).
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Rockwood is 23.01% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Rockwood a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
When contemplating a move, job prospects often top the list of priorities. In Rockwood, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.73% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Rockwood excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Rockwood. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Rockwood are affordable. Median real estate prices in Rockwood come in at $95,800, which is 34.4% lower than the Tennessee average. The home price to income ratio compares the median home prices to the median household income. In Rockwood, the home price to income ratio is 2.7, which is 12.9% lower than the Tennessee average.
| Statistic | Rockwood | Tennessee | National |
| Average one way commute | 26min | 25min | 26min |
| Workers who drive to work | 79.1% | 83.6% | 76.4% |
| Workers who carpool | 9.7% | 9.2% | 9.3% |
| Workers who take public transit | 0.0% | 0.8% | 5.1% |
| Workers who bicycle | 0.0% | 0.1% | 0.6% |
| Workers who walk | 0.5% | 1.4% | 2.8% |
| Working from home | 9.9% | 3.9% | 4.6% |
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