Cost of Living: Knoxville, TN vs Westminster, CO (2026)

Knoxville

Tennessee
74
VS

Westminster

Colorado
139

Knoxville is 47% cheaper than Westminster.

$1,116/mo ↓ 39%
Median Rent
$1,816/mo ↑ 63%
$50,994/yr ↓ 47%
Median Income
$96,145/yr ↑ 89%
$214,000 ↓ 57%
Home Value
$497,400 ↑ 132%
$1,075/mo ↓ 42%
Owner Costs
$1,841/mo ↑ 71%
193,721
Population
115,546

Tax Comparison

0%
Income Tax
4.4%
7.0%
State Sales Tax
2.9%
0.64%
Property Tax
0.51%

Affordability

26.3%
rent-to-income
Affordability
22.7%
rent-to-income

Detailed Comparison

When comparing Knoxville, TN and Westminster, CO, the overall cost of living indices are 74 and 139 respectively (national median = 100). Rent is $700/month cheaper in Knoxville, saving renters about $8,400/year.

Median household income is $45,151/year higher in Westminster. Home values also differ significantly — the median in Knoxville is $214,000 compared to $497,400 in Westminster.

Tennessee has no state income tax, giving Knoxville residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Knoxville vs Westminster — common questions

Is Knoxville or Westminster cheaper to live in?
Based on our cost index, Knoxville is cheaper to live in with an index of 74 compared to 139 (US average = 100).
What is the rent difference between Knoxville and Westminster?
Median rent in Knoxville is $1,116/month and in Westminster it's $1,816/month — a difference of $700/month.
Which city has higher income, Knoxville or Westminster?
Median household income is $50,994 in Knoxville and $96,145 in Westminster. Median household income is $45,151/year higher in Westminster.
How do taxes compare between Tennessee and Colorado?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Knoxville or Westminster?
It depends on your priorities. Knoxville has a cost index of 74 with median rent of $1,116/mo, while Westminster has a cost index of 139 with rent of $1,816/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Knoxville details → View Westminster details →

More Comparisons

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