Cost of Living Calculator - Knoxville, Tennessee vs Socorro, New Mexico


The cost of living in Socorro, New Mexico is 18.1% cheaper than Knoxville, Tennessee.

You would need a salary of $40,960 in Socorro, New Mexico to maintain the standard of living you have in Knoxville, Tennessee.
Comparison highlights
• Overall, Socorro, New Mexico is cheaper than Knoxville, Tennessee
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
49% cheaper in Socorro
than in Knoxville, Tennessee
Knoxville, TN vs Socorro, NM
Compared to Knoxville, Socorro is:
  Homeowner
      No Child Care, Taxes not Considered
  18.1% lower
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  4.9% lower
  Housing (Homeowner)
  24.0% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  12.1% higher
  Commute
  17.7% lower
  Health
  12.3% lower
  Taxes
  Childcare
  Personal
  1.9% higher

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