Memphis vs Knoxville: Cost of Living

Last updated 2026-07-10 · MovePlan Editorial Team

Memphis is about 3% cheaper overall. Here is how Memphis and Knoxville compare on rent, groceries, utilities, transportation, and healthcare.

• Memphis cost-of-living index: 87 vs 100
• Knoxville cost-of-living index: 90 vs 100
• Memphis median 2BR rent: $1,300/mo
• Knoxville median 2BR rent: $1,400/mo

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