Overall
- Knoxville
- 92.6
Diff -5.7 RPP
Prescott Valley-Prescott vs Knoxville
Cost of living comparison based on BEA Regional Price Parities. Knoxville is 5.8% less expensive than Prescott Valley-Prescott.
5.8% less expensive
Knoxville, TN is 5.8% less expensive than Prescott Valley-Prescott, AZ on BEA Regional Price Parities (overall RPP 92.6 vs 98.3). A $100,000 salary in Prescott Valley-Prescott buys about the same as $94,213 in Knoxville; the largest component gap is services.
- Overall RPP 98.3 (Prescott Valley-Prescott) vs 92.6 (Knoxville)
- $100k in Prescott Valley-Prescott ≈ $94,213 purchasing power in Knoxville
- Services drives the gap (-19.6 RPP points)
RPP parity plate
Pair AZ:TN 98.3→92.6
TIER-NEAR · CROSS-STATE · SPLIT-BUDGET · BOTH-BELOW · PP-SHIFT
- TIER-NEAR Near tier
- CROSS-STATE AZ × TN
- SPLIT-BUDGET Split budget
- BOTH-BELOW Both below 100
- PP-SHIFT PP shift
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Category Breakdown
Goods
- Knoxville
- 96.2
Diff +0.0 RPP
Services
- Knoxville
- 71.9
Diff -19.6 RPP
Rents
- Knoxville
- 82.8
Diff -16.0 RPP
| Category | Prescott Valley-Prescott | Knoxville | Difference |
|---|---|---|---|
| Overall | 98.3 | 92.6 | -5.7 |
| Goods | 96.2 | 96.2 | +0.0 |
| Services | 91.5 | 71.9 | -19.6 |
| Rents | 98.8 | 82.8 | -16.0 |
Visual Comparison
Overall
Prescott Valley-Prescott 98.3
Knoxville 92.6
Goods
Prescott Valley-Prescott 96.2
Knoxville 96.2
Services
Prescott Valley-Prescott 91.5
Knoxville 71.9
Rents
Prescott Valley-Prescott 98.8
Knoxville 82.8
Vertical line = national average (100)
What This Comparison Actually Tells You
Services creates the largest separation: Knoxville is 19.6 points lower. But goods move against the overall direction, so this is a split budget rather than a clean across-the-board winner.
Knoxville, TN is 5.8% less expensive than Prescott Valley-Prescott, AZ, a meaningful but not extreme shift. The move decision turns on which budget category creates the 5.7-point overall gap.
Both metros remain below the U.S. benchmark of 100. This comparison chooses between two below-average price levels; “more expensive” here does not mean nationally expensive.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
For a service-heavy household, test childcare, health, and other locally supplied costs before relying on rent alone. The BEA ratio converts $100,000 in Prescott Valley-Prescott to $94,213 in Knoxville, but it is not a personal spending weight.
Prescott Valley-Prescott
98.3
Cost Index
Knoxville
92.6
Cost Index
Salary Equivalents
What a salary in Prescott Valley-Prescott would need to be in Knoxville for the same purchasing power:
| In Prescott Valley-Prescott | In Knoxville | Difference |
|---|---|---|
| $50,000 | $47,107 | $-2,893 |
| $75,000 | $70,660 | $-4,340 |
| $100,000 | $94,213 | $-5,787 |
| $150,000 | $141,320 | $-8,680 |
$ in Prescott Valley-Prescott = in Knoxville
Same BEA Regional Price Parity ratio as the table above (98.3 → 92.6), computed live from your number, nothing is sent anywhere.
How the Price Gap Changed
Prescott Valley-Prescott and Knoxville share 17 published annual releases from 2008 through 2024. Their overall gap narrowed, moving from 11.0 to 5.7 RPP points. Prescott Valley-Prescott remained the higher-index metro in the latest release.
Rents changed the most within this pair: its gap moved 21.9 points between the first and latest shared releases (37.9 to 16.0 points). This describes a relative price-index history, not a forecast or a household budget.
| Release Year | Prescott Valley-Prescott RPP | Knoxville RPP | Relative Gap |
|---|---|---|---|
| 2008 | 103.0 | 92.0 | 11.0 points Prescott Valley-Prescott higher |
| 2012 | 96.5 | 94.7 | 1.8 points Prescott Valley-Prescott higher |
| 2016 | 98.6 | 93.7 | 4.9 points Prescott Valley-Prescott higher |
| 2020 | 93.2 | 89.3 | 3.9 points Prescott Valley-Prescott higher |
| 2024 | 98.3 | 92.6 | 5.7 points Prescott Valley-Prescott higher |
Annual BEA Regional Price Parity releases; a higher index means a higher price level relative to the national average of 100. Selected years shown from the full shared series.
Frequently Asked Questions
Is Knoxville more expensive than Prescott Valley-Prescott?
Knoxville is 5.8% less expensive than Prescott Valley-Prescott. The overall cost index is 92.6 vs 98.3 (national average = 100).
What salary in Knoxville equals $100K in Prescott Valley-Prescott?
A $100,000 salary in Prescott Valley-Prescott has the same purchasing power as $94,213 in Knoxville. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Prescott Valley-Prescott and Knoxville?
Rents in Prescott Valley-Prescott are indexed at 98.8 while Knoxville is at 82.8 (national average = 100). Prescott Valley-Prescott has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.