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Nashville, TN vs Knoxville, TN: Cost of Living

Compare Nashville, TN and Knoxville, TN using historical BEA 2024 price indexes and HUD FY2027 2-bedroom FMR benchmarks. Add your own salary, lease and moving quote to a budget summary.

Historical benchmark · review recorded 2026-10-04BEA MARPP 2024 (all items, housing, goods, other services); HUD FY2027 2-bedroom Fair Market Rent Recorded source ↗ BEA 2024 RPP · HUD FY2027 2-BR FMR. Historical periods; review date does not make these current prices. BEA metro and HUD rent-area boundaries may differ.
Historical benchmark · review recorded 2026-10-04BEA MARPP 2024 (all items, housing, goods, other services); HUD FY2027 2-bedroom Fair Market Rent Recorded source ↗ BEA 2024 RPP · HUD FY2027 2-BR FMR. Historical periods; review date does not make these current prices. BEA metro and HUD rent-area boundaries may differ.

Nashville, TN

TN

2024 overall RPP (US=100)
96.338
2024 housing-rent RPP
104.626
2024 goods RPP
96.247
HUD FY2027 2-BR FMR
$1,798/mo

City name is shorthand for an area benchmark. This September 2026 review did not recheck this area's full BEA/HUD geographic mapping.

Income tax and payroll deductions are not calculated. Confirm take-home pay for your work and home addresses separately.

Knoxville, TN

TN

2024 overall RPP (US=100)
92.569
2024 housing-rent RPP
82.783
2024 goods RPP
96.247
HUD FY2027 2-BR FMR
$1,475/mo

City name is shorthand for an area benchmark. This September 2026 review did not recheck this area's full BEA/HUD geographic mapping.

Income tax and payroll deductions are not calculated. Confirm take-home pay for your work and home addresses separately.

Historical RPP salary illustration

In the BEA 2024 benchmark, Knoxville, TN has a lower overall price level than Nashville, TN by about 3.9% (RPP 96.338 to 92.569).

$60,000 in Nashville, TN

-> $57,653

in Knoxville, TN

$100,000 in Nashville, TN

-> $96,088

in Knoxville, TN

$150,000 in Nashville, TN

-> $144,132

in Knoxville, TN

Salary illustrations use BEA 2024 overall Regional Price Parities (RPP) only, before tax and household-specific adjustments. Overall RPP already includes housing. HUD FY2027 2-bedroom Fair Market Rent is a separate historical gross-rent benchmark, not a current lease or median rent. Do not add rent to the RPP salary figure. Your lease and moving quote belong in a separate budget. Not financial advice.

Step 2: what will the move itself cost?

Put your actual lease, deposit, overlap rent and mover quote beside the historical salary illustration. Leave amounts you do not yet know blank.

Migration signal: Nashville, TN vs Knoxville, TN

IRS tax-return migration · 2022-2023

Nashville, TN

Net people
+7,225
Net rank
#14 of 65
Top origin share
7%
Top destination share
13%

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

Knoxville, TN

Net people
+2,906
Net rank
#21 of 65
Top origin share
10%
Top destination share
12%

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

Rent delta: Knoxville, TN is $323/mo lower for HUD FY2027 2-BR FMR than Nashville, TN. Housing RPP moves from 104.626 to 82.783.

Migration figures are derived from IRS SOI county-to-county migration data for 2022-2023, 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 Knoxville, TN cheaper or more expensive than Nashville, TN?
In the BEA 2024 benchmark, Knoxville, TN (RPP 92.569) has an overall price level about 3.9% lower than Nashville, TN (RPP 96.338). This does not measure your current household costs.
What salary do I need in Knoxville, TN if I earn $100,000 in Nashville, TN?
The historical RPP illustration is approximately $96,088 in Knoxville, TN, using $100,000 x (92.569 / 96.338). It uses BEA 2024 overall price indexes before tax and household adjustments; HUD rent is not added to this figure.
Which metro had stronger net migration, Nashville, TN or Knoxville, TN?
For 2022-2023, Nashville, TN had a net gain of 7,225 people, while Knoxville, TN had a net gain of 2,906 people. IRS small-flow suppression means these are lower-bound research signals, not complete population-change totals.

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