Cost of Living: Peoria, AZ vs Knoxville, TN (2026)

Peoria

Arizona
125
VS

Knoxville

Tennessee
74

Peoria is 51% more expensive than Knoxville.

$1,743/mo ↑ 56%
Median Rent
$1,116/mo ↓ 36%
$93,403/yr ↑ 83%
Median Income
$50,994/yr ↓ 45%
$429,400 ↑ 101%
Home Value
$214,000 ↓ 50%
$1,589/mo ↑ 48%
Owner Costs
$1,075/mo ↓ 32%
194,338
Population
193,721

Tax Comparison

2.5%
Income Tax
0%
5.6%
Sales Tax
7.0%
0.62%
Property Tax
0.64%

Affordability

22.4%
rent-to-income
Affordability
26.3%
rent-to-income

Detailed Comparison

When comparing Peoria, AZ and Knoxville, TN, the overall cost of living indices are 125 and 74 respectively (national median = 100). Rent is $627/month cheaper in Knoxville, saving renters about $7,524/year.

Median household income is $42,409/year higher in Peoria. Home values also differ significantly — the median in Peoria is $429,400 compared to $214,000 in Knoxville.

Tennessee has no state income tax, giving Knoxville residents a significant tax advantage over Arizona's 2.5% rate.

Frequently Asked Questions

Peoria vs Knoxville — common questions

Is Peoria or Knoxville cheaper to live in?
Based on our cost index, Knoxville is cheaper to live in with an index of 74 compared to 125 (US average = 100).
What is the rent difference between Peoria and Knoxville?
Median rent in Peoria is $1,743/month and in Knoxville it's $1,116/month — a difference of $627/month.
Which city has higher income, Peoria or Knoxville?
Median household income is $93,403 in Peoria and $50,994 in Knoxville. Median household income is $42,409/year higher in Peoria.
How do taxes compare between Arizona and Tennessee?
Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax.
Should I move to Peoria or Knoxville?
It depends on your priorities. Peoria has a cost index of 125 with median rent of $1,743/mo, while Knoxville has a cost index of 74 with rent of $1,116/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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