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Knoxville, TN vs Asheville, NC: Cost of Living

Compare the cost of living between Knoxville, TN and Asheville, NC. See the equivalent salary and median rent powered by BLS Regional Price Parities.

Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗
Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗

Knoxville, TN

TN

Overall RPP (US=100)
91.3
Housing RPP
74.1
Goods RPP
94.4
2-BR median rent
$1,221/mo

Tennessee has no state income tax on wages.

Asheville, NC

NC

Overall RPP (US=100)
94.8
Housing RPP
83.9
Goods RPP
95.8
2-BR median rent
$1,680/mo

North Carolina flat income tax 4.5%.

Equivalent salary

Asheville, NC is more expensive than Knoxville, TN by about 3.8% (RPP 91.3 to 94.8).

$60,000 in Knoxville, TN

-> $62,300

in Asheville, NC

$100,000 in Knoxville, TN

-> $103,834

in Asheville, NC

$150,000 in Knoxville, TN

-> $155,750

in Asheville, NC

This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.

Migration signal: Knoxville, TN vs Asheville, NC

IRS tax-return migration · 2021-2022

Knoxville, TN

Net people
+12,154
Net rank
#13 of 65
Top origin share
3%
Top destination share
3%

Largest source: Sevier County, TN. Largest destination: Sevier County, TN.

Asheville, NC

Net people
+3,636
Net rank
#22 of 65
Top origin share
2%
Top destination share
4%

Largest source: Haywood County, NC. Largest destination: Haywood County, NC.

Rent delta: Asheville, NC is $459/mo higher for HUD FY2024 2-BR FMR than Knoxville, TN. Housing RPP moves from 74.1 to 83.9.

Migration figures are derived from IRS SOI county-to-county migration data for 2021-2022, mapped to metros via Census CBSA delineation. Small county-to-county flows are IRS-suppressed, so per-metro totals are lower bounds. Source: IRS SOI migration data.

Frequently asked questions

Is Asheville, NC cheaper or more expensive than Knoxville, TN?
Asheville, NC (RPP 94.8) is more expensive than Knoxville, TN (RPP 91.3) by about 3.8%.
What salary do I need in Asheville, NC if I earn $100,000 in Knoxville, TN?
You would need approximately $103,834 in Asheville, NC to maintain the same purchasing power as $100,000 in Knoxville, TN. Formula: $100,000 x (94.8 / 91.3).
Which metro had stronger net migration, Knoxville, TN or Asheville, NC?
For 2021-2022, Knoxville, TN had a net gain of 12,154 people, while Asheville, NC had a net gain of 3,636 people. IRS small-flow suppression means these are lower-bound research signals, not complete population-change totals.

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