Is Knoxville, TN cheaper than Miami, FL?

Based on cost of living data, Knoxville, TN is 23.1% cheaper than Miami, FL. This translates to saving $1734 per month.

What salary do I need in Knoxville, TN to live like I do in Miami, FL?

If you earn $150,000 in Miami, FL, you'd need approximately $129,195.492 in Knoxville, TN to maintain the same standard of living.

How does housing cost compare between Miami, FL and Knoxville, TN?

Housing in Knoxville, TN is 35.6% cheaper than in Miami, FL. For a two-bedroom apartment, rent is $1,495/month in Knoxville, TN compared to $2,660/month in Miami, FL.

How much can I save per month by moving from Miami, FL to Knoxville, TN?

Moving from Miami, FL to Knoxville, TN could save you approximately $1734 per month, or $20805 per year, based on a $150,000 salary.

Miami, FL vs Knoxville, TN: Cost of Living Comparison 2026

Tap to swap

Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Miami, FL

Numbers update automatically as you type

You'd save $1.7K/month moving to Knoxville, TN

$150.0K in your current city equals $129.2K in Knoxville, TN

Rent data from HUD ZIP-level estimates · COL index from Miami-Fort Lauderdale-Pompano Beach, FL area

Overall Cost

↓ 23.1%

Less expensive

Monthly Impact

$1,734

Savings

Annual Impact

$20.8K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Miami, FL

Population:442K

Cost Index:

100

100 = national average

Median Home:$510K

Knoxville, TN

Population:198K

Cost Index:

(23% below avg)

Median Home:$369K

Miami, FL

The Sunshine State

442K

Population

State Tax

No Income Tax

Climate

Tropical

Notable Facts

•Gateway to Latin America
•Major cruise port
•International business hub

Major Industries

International TradeTourismFinanceReal Estate

Knoxville, TN

The Volunteer State

198K

Population

State Tax

No Income Tax

Located in Tennessee, this city has a population of 198K residents.

💡 Advantage: Tennessee has no state income tax!

Cost Breakdown by Category

Annual spending: Miami, FL vs Knoxville, TN

Category	Miami, FL	Knoxville, TN	Difference	Change
Housing	$3,690/mo	$2,378/mo	↓ $1,312less	35.6%
Other	$2,093/mo	$1,668/mo	↓ $424less	20.3%
Transportation	$1,462/mo	$1,236/mo	↓ $225less	15.4%
Groceries	$1,079/mo	$967/mo	↓ $112less	10.4%
All Utilities	$519/mo	$468/mo	↓ $50.74less	9.8%
Healthcare	$589/mo	$556/mo	↓ $32.55less	5.5%

Housing

↓ 35.6%

Miami, FL

$3,690

Knoxville, TN

$2,378

Difference

$1,312

less

Other

↓ 20.3%

Miami, FL

$2,093

Knoxville, TN

$1,668

Difference

$424

less

Transportation

↓ 15.4%

Miami, FL

$1,462

Knoxville, TN

$1,236

Difference

$225

less

Groceries

↓ 10.4%

Miami, FL

$1,079

Knoxville, TN

$967

Difference

$112

less

All Utilities

↓ 9.8%

Miami, FL

$519

Knoxville, TN

$468

Difference

$50.74

less

Healthcare

↓ 5.5%

Miami, FL

$589

Knoxville, TN

$556

Difference

$32.55

less

🏠Rent Comparison

Studio

From$1,995

To$1,200

↓ $795

1 Bed

From$2,180

To$1,200

↓ $980

2 Bed

From$2,660

To$1,495

↓ $1,165

3 Bed

From$3,415

To$1,891

↓ $1,524

Miami, FLZIP-level data

1BR range: $1,550–$2,990/mo

Knoxville, TNZIP-level data

1BR range: $980–$1,480/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$9,431

Monthly in Miami, FL

$7,274

Monthly in Knoxville, TN

$2,157

Difference

Home Values

Miami

Knoxville

$510K

Median Value

$369K

↓ -3.6%

YoY Change

↑ +0.7%

↑ +49.4%

5-Year Change

↑ +64.1%

$278K - $1.53M

Price Range

$196K - $638K

Homes in Knoxville are 28% less expensive than Miami

Calculate payment - Miami Calculate payment - Knoxville

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Miami, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Knoxville, TN

Federal Income Tax

Effective: 18.9%

$25.5K

Tennessee State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Knoxville, TN Tax Rates

Sales Tax:9.5%

Property Tax:0.7%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.