Knoxville vs Panama City for Nurses (2026)
Scroll down for travel nurse analysis, rent burden, and FAQ.
Nurse salary cost breakdown
| Metric | Knoxville Tennessee | Panama City Panama Province |
|---|---|---|
| State income tax | NoneBetter | None |
| Est. monthly take-home ($82.75K RN) | $6,896Better | $6,896 |
| 1BR rent / month | $1,300 | $900Better |
| 1BR rent burden | 19% | 13%Better |
| Internet / month | $60 | $40Better |
| Monthly utilities | $168 | $70Better |
| Walk score | 26 / 100 | 65 / 100Better |
| Overall COL index (100 = US avg) | 87 | 58Better |
Your biggest money opportunities based on this comparison.
Savings potential
Panama City: ~$5,532/mo after rent & living
Nurses with strong take-home can build wealth fast. Compare brokers and robo-advisors to put it to work.
Renters insurance
Panama City saves ~$400/mo in rent
Protect your home — nursing shifts are long and you want peace of mind when you're away.
While you're comparing — don't leave money on the table.
Mortgages
See what you can afford in Panama City
Compare rates from top lenders before your move — pre-approval is free and won't affect your score.
Home & Auto Insurance
Bundle before you move — save 15–25%
New state means new rates. Lock in Panama City homeowners + auto quotes before your move date.
Moving Rewards Card
Turn closing costs & moving expenses into cash back
Average family spends $6,200 on a move. These cards pay 2–4% back + 0% intro APR on purchases.
Frequently asked questions
Which city is better for nurses — Knoxville or Panama City?
For nurses, Panama City is the stronger choice based on take-home pay after taxes, rent burden, and cost of living. The key differentiator is rent: Panama City has lower 1BR rents. For travel nurses specifically, no-income-tax states are especially valuable since housing stipends are already tax-exempt — earning more in a no-tax state can be worth $3,000–$6,000/year more in take-home pay.
How much take-home pay does a nurse earn in Knoxville vs Panama City?
Based on the national average RN salary of $82,750/year, a nurse in Knoxville (no state income tax) takes home approximately $6,896/month. In Panama City (no state income tax), take-home is $6,896/month — a difference of $0/month or ~$0/year. Note: this calculation uses state income tax only; federal taxes are not included.
What percentage of a nurse's income goes to rent in Knoxville vs Panama City?
Financial advisors recommend keeping housing under 30% of gross income. In Knoxville, rent consumes 19% of a nurse's monthly take-home — very affordable, leaving significant room to save. In Panama City, rent burden is 13% — very affordable.
Is Knoxville or Panama City better for travel nurses?
Travel nurses on assignment typically receive a base wage PLUS a tax-free housing stipend (usually $1,500–$3,000/month) that covers housing costs. For travel nurses, the state income tax on the base wage is the primary cost difference. Knoxville is more advantageous. The housing stipend covers most rent — so the $0/month tax difference goes directly into savings, compounding over a 13-week assignment to $0 extra in take-home.
How does the cost of living affect a nurse's purchasing power in Knoxville vs Panama City?
A $82,750 nurse salary in Panama City (COL 58) has the equivalent purchasing power of $124,125 in Knoxville (COL 87). The lower-cost city effectively gives nurses a ~50% raise with no salary negotiation required — more savings, faster debt payoff, and greater financial flexibility.
Nurse salary based on national median RN wage ($82,750/year, BLS 2024). Take-home calculated using state income tax rate only; federal taxes not included. Travel nurse stipend rules vary by assignment and employer. Data: BLS, Zillow, Tax Foundation · Q1 2026