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Cost & Benefits

Compare / Knoxville to Madison

Knoxville, TN vs Madison, WI

Simple answer

You'd likely save $90 a month in Knoxville.

This is the HUD 2-bedroom fair-market rent for October 2026 through September 2027. It is not your lease.

The largest cost gap in this pair is housing prices. The BEA housing price parity differs by 17.0 points (Knoxville 82.8, Madison 99.7).

Tennessee has no tax on wages. Wisconsin taxes wages at rates up to 7.65%. Combined sales tax differs by 3.9 percentage points, higher in Tennessee. The effective property tax gap is 0.80 percentage points, higher in Wisconsin.

After a move from Tennessee to Wisconsin, these benefit results change for a family of four at $40,000 and a single adult at $18,000: Medicaid and CHIP.

A $75,000 salary in Knoxville lines up with about $78,823 in Madison on the 2024 all-items price parity. Census median gross rent and the commute figures are 2024. Fair Market Rents are fiscal year 2027.

Knoxville

Knoxville, TN

2-bedroom Fair Market Rent
$1,475
HUD area
Knoxville, TN HUD Metro FMR Area
Census median gross rent
$1,219
All-items price parity
92.6
Goods price parity
96.2
Utilities price parity
71.9
Mean commute
24.7 min
Median household income
$74,184

Madison

Madison, WI

2-bedroom Fair Market Rent
$1,565
HUD area
Madison, WI HUD Metro FMR Area
Census median gross rent
$1,437
All-items price parity
97.3
Goods price parity
93.8
Utilities price parity
89.8
Mean commute
21.9 min
Median household income
$89,714

Equivalent salary

The first number keeps the same place in the national price level. The second also runs 2026 federal income tax, employee Social Security and Medicare, and a simplified state income tax. Groceries use the BEA goods price parity, not a grocery receipt.

Same buying power

$78,823

Salary in Madison that matches the 2024 all-items regional price parity.

After state and federal tax

$83,814

Gross salary in Madison whose after-tax pay buys the same basket, using price parities.

Rent only

$79,576

Scales the salary by the ratio of HUD 2-bedroom Fair Market Rents. Rent is not the whole budget.

Taxes on the two sides of the move

TaxTennesseeWisconsin
State income tax on wagesNo wage taxup to 7.65%
Combined sales tax, Jan 1, 20269.6%5.7%
Effective property tax, ACS 2024 median / median0.45%1.25%

On a $400,000 home, the state median effective rate implies about $1,790 a year in Tennessee and $4,995 in Wisconsin. That illustration is not a local bill. Childcare prices are not in the verified dataset for these metros.

Benefits if you land in Wisconsin

Same household, $40,000 a year, scored once in Tennessee and once in Wisconsin. This is an illustration, not your application.

  • Food stamps (SNAP)

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • Medicaid and CHIP

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • WIC

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • School meals

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • LIHEAP

    KnoxvilleMaybe

    MadisonMaybe

  • Earned Income Tax Credit

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • Child Tax Credit

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • Marketplace premium tax credits

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • Lifeline phone and internet

    KnoxvilleLikely eligible

    MadisonLikely eligible

  • SSI

    KnoxvilleUnlikely

    MadisonUnlikely

At $40,000 the status labels match. A single adult around $18,000 is where Medicaid expansion and the marketplace coverage gap usually split.

Medicaid guide for Wisconsin · SNAP guide

Related comparisons

From Knoxville

The eight largest 2-bedroom Fair Market Rent gaps from Knoxville.

Nearby metros

How the salary and tax math works · The reverse city order redirects to this address.