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Cost of Living in Pigeon Forge

Is it better to rent or buy in Pigeon Forge? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$53,016
$995/mo

Median in area: $995

$247,351

Median in area: $247,351

$49,470

If you Rent

$1,160 /mo
Base Rent$995
Est. Utilities$165
% of Income26.3%
Pre-tax Residual$3,258

If you Buy

$1,596 /mo
P&I (6.889%)$1,302
Taxes & Ins$129
Est. Utilities$165
% of Income36.1%
Pre-tax Residual$2,822

Cost of Living FAQs

Is it cheaper to rent or buy in Pigeon Forge?›

Based on median housing data, renting is currently more affordable on a monthly basis in Pigeon Forge. The estimated all-in monthly cost for renting is $1,160, while owning a median-priced home with a 20% down payment is roughly $1,596 per month (a difference of $436).

How much do utilities cost in Pigeon Forge?›

The average monthly utility cost (electricity and natural gas) for a typical home in Pigeon Forge is approximately $165. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Pigeon Forge?›

To comfortably afford the median rent and utilities in Pigeon Forge without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $46,400 per year.