Knoxville, TN vs Nashville-Davidson metropolitan government (balance), TN

There is a significant gap in the cost of living between these two cities. Knoxville is 24.2% cheaper than Nashville-Davidson metropolitan government (balance). With a cost index of 84 vs 110, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Knoxville to Nashville-Davidson metropolitan government (balance) should plan for substantially higher expenses across most categories.

On the housing front, median rent in Knoxville is $1,116/month compared to $1,486/month in Nashville-Davidson metropolitan government (balance) — a 25% difference. Home values follow the same pattern: Knoxville is more affordable at $214,000 median vs $383,100.

Median household income in Knoxville is $50,994 compared to $75,197 in Nashville-Davidson metropolitan government (balance) (-32.2%). While Nashville-Davidson metropolitan government (balance) is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Knoxville spend roughly 26.3% of their income on rent, more than the 23.7% in Nashville-Davidson metropolitan government (balance).