City comparison
Knoxville, TN vs Louisville, KY
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Overall prices in Knoxville, TN (92.6) and Louisville, KY (93.1, U.S. average = 100) are within 1% of each other, so $100,000 in Knoxville, TN goes as far as $100,500 in Louisville, KY.
- Rent is the bigger story: a typical 1-bedroom costs $1,184 a month in Knoxville, TN versus $1,047 in Louisville, KY. On $100,000, that's 18% of take-home pay in Knoxville, TN and 17% in Louisville, KY.
- On $100,000, estimated state income tax is about $3,382 a year higher in Louisville, KY than in Knoxville, TN.
- Both cities are in the same federal pay area (Rest of U.S.), so a GS-13 step 1 earns $106,437 in either. A transfer from Knoxville, TN to Louisville, KY changes real buying power by −0.5%, purely from prices.
- Knoxville, TN: price level 92.6 (cheaper)
- Louisville, KY: price level 93.1 (cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Knoxville, TN | Louisville, KY | |
|---|---|---|
| Price level (U.S. = 100)2 | 92.6 | 93.1 |
| $100,000 is worth, in the other city2 | $100,546 in Louisville | $99,457 in Knoxville |
| Typical 1-bedroom rent3 | $1,184/mo | $1,047/mo |
| Take-home on $100,00014,15,8 | $79,180 | $75,798 |
| State income tax on $100,000 (estimate)8 | $0 (TN) | $3,382 (KY) |
| Rent burden on $100,000 | 18% | 17% |
| Median pay, all jobs4 | $47,080 | $48,370 |
| Federal locality pay area7 | Rest of U.S. | Rest of U.S. |
Rent areas: Knoxville, TN HUD Metro FMR Area and Louisville, KY-IN HUD Metro FMR Area. Metro areas: Knoxville, TN and Louisville/Jefferson County, KY-IN.
What costs more or less
| Price level (U.S. = 100) | Knoxville | Louisville |
|---|---|---|
| Housing (rent) | 82.8 | 78.6 |
| Goods | 96.2 | 96.2 |
| Utilities | 71.9 | 75.0 |
| Other services | 95.1 | 96.8 |
| Overall | 92.6 | 93.1 |
Moving with the same $100,000 salary
Knoxville, TN → Louisville, KY
Roughly even
Buying power −0.5%; rent takes 17% of take-home; state tax +$3,382/yr.
67 Fair offer
Louisville, KY → Knoxville, TN
Roughly even
Buying power +0.5%; rent takes 18% of take-home; state tax −$3,382/yr.
70 Strong offer
On the GS pay scale?
Both metros are in the Rest of U.S. locality pay area, so GS salaries are identical. The last column shows what a transfer from Knoxville, TN to Louisville, KY at the same grade and step does to real buying power.
| Grade5,2 | Knoxville, TN | Louisville, KY | Real change, Knoxville → Louisville |
|---|---|---|---|
| GS-9 step 1 | $61,722 | $61,722 | −0.5% |
| GS-11 step 1 | $74,678 | $74,678 | −0.5% |
| GS-12 step 1 | $89,508 | $89,508 | −0.5% |
| GS-13 step 1 | $106,437 | $106,437 | −0.5% |
| GS-14 step 1 | $125,776 | $125,776 | −0.5% |
Pay for common jobs
| Median annual pay4 | Knoxville, TN | Louisville, KY | Louisville pay in Knoxville dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $61,980 | $61,610 | $61,276 (−1.1%) |
| Software Developers | $121,750 | $110,270 | $109,672 (−9.9%) |
| Accountants and Auditors | $75,380 | $76,320 | $75,906 (+0.7%) |
| Registered Nurses | $77,240 | $84,850 | $84,390 (+9.3%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.