What is the starting salary for Accounting graduates in Knoxville?

The estimated starting salary for Accounting graduates in Knoxville, TN is $52,700 per year, adjusted for the local cost of living index of 85. The national average starting salary for this major is $62,000. Salaries in Knoxville are 15% lower than the national average due to cost of living differences.

Is a Accounting degree worth it in Knoxville?

A Accounting degree in Knoxville has an estimated ROI payback period of 3.3 years, with a projected lifetime return of $561,132 after subtracting education costs. With 5 colleges in the area and average public tuition of $8,792/year, Knoxville offers affordable options for this degree. The local unemployment rate of 6.6% and the major's national unemployment rate of 2.5% should also factor into your decision.

How much does it cost to study Accounting in Knoxville?

The average annual public university tuition in Knoxville is $8,792, while private universities average $47,660/year. Including room and board ($10,300/year), total 4-year costs range from $76,368 at a public school to $231,840 at a private institution. Average financial aid per student in Knoxville is $10,344/year.

What jobs can Accounting graduates get in Knoxville?

Accounting graduates in Knoxville can pursue careers as Accountant, Auditor, Tax Specialist, CPA. Key skills valued by local employers include Financial Reporting, Tax Preparation, Auditing, QuickBooks/SAP. The Knoxville job market features Financial services, Consulting firms, Fortune 500 companies among the top hiring sectors for this field. National top employers include Deloitte, PwC, EY.

How long to pay off student loans for Accounting in Knoxville?

With a standard 10-year repayment plan at 6.5% interest, Accounting graduates in Knoxville would pay $867/month on an estimated $76,368 in loans, with $27,689 in total interest. An aggressive 5-year plan would require $1,494/month but save $14,404 in interest. With a COL-adjusted starting salary of $52,700, monthly payments would represent 20% of gross monthly income.

Accounting Degree in Knoxville, TN — Salary & ROI 2026

Accounting degree analysis for Knoxville, TN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.

Starting Salary

$53K

COL-adjusted

Mid-Career

$77K

COL-adjusted

ROI Payback

3.3 yrs

in Knoxville

Cost of Living

index (100 = avg)

Accounting in Knoxville, TN Overview

While Knoxville has a smaller college scene with 5 institutions, Accounting students benefit from lower tuition costs. Room and board averages $10,300/year, and the car-friendly layout shapes the student experience. Accounting enrollment is stable nationwide, with steady demand for graduates skilled in Financial Reporting and Tax Preparation. The adjusted starting salary in Knoxville is approximately $52,700.

Accounting Salary in Knoxville (COL-Adjusted)

Salaries adjusted for Knoxville's cost of living index of 85 (national average = 100).

Entry Level (0-2 yrs)

$52,700($-9,300 vs national)

Mid Career (5-9 yrs)

$76,500($-13,500 vs national)

Senior Level (15+ yrs)

$97,750($-17,250 vs national)

Note: National average Accounting salary: $62,000 starting, $90,000 mid-career, $115,000 senior level.Knoxville adjustment factor: 0.85x based on the local cost of living index.

Accounting ROI Calculator for Knoxville

Estimate your return on investment for a Accounting degree using local Knoxville tuition and cost of living data.

Annual Tuition ($)

Public avg: $8,792 | Private avg: $47,660

Years of Study

Annual Financial Aid ($)

Knoxville avg aid: $10,344/yr

Student Loan Rate (%)

Federal avg: 6.5% | Private: 4-14%

Total Education Cost

$76,368

tuition + room & board - aid

Annual Earnings Premium

$22,950

vs HS diploma in Knoxville

ROI Payback Period

3.3 years

to break even

Lifetime Return in Knoxville

$561,132

Lifetime earnings premium ($637,500) minus total education cost ($76,368)

Student Loan Payoff for Accounting in Knoxville

Standard Plan (10 years)

Loan Amount$76,368

Monthly Payment$867

Total Interest$27,689

% of Monthly Income20%

Aggressive Plan (5 years)

Loan Amount$76,368

Monthly Payment$1,494

Total Interest$13,286

Interest Savings$14,404

Colleges in Knoxville for Accounting

University of Tennessee

public

$13,264/yr

$53,056 total

Pellissippi State Community College

public

$4,320/yr

$17,280 total

Community Colleges (2-Year Transfer)

Pellissippi State Community College

$4,320/yr

Top Employers for Accounting in Knoxville

Knoxville offers opportunities in Financial services, Consulting firms, Fortune 500 companies for Accounting graduates. National top employers in this field include:

DeloittePwCEYKPMGGrant Thornton

Key Knoxville Hiring Sectors for Business

Financial services

Consulting firms

Fortune 500 companies

Startups

Marketing agencies

Common Accounting Job Titles

AccountantAuditorTax SpecialistCPA

Accounting in Nearby Tennessee Cities

Nashville, TN

$57K starting · COL 92

35 colleges

Memphis, TN

$58K starting · COL 93

22 colleges

Chattanooga, TN

$50K starting · COL 80

5 colleges

Clarksville, TN

$56K starting · COL 90

9 colleges

Murfreesboro, TN

$56K starting · COL 91

10 colleges

Franklin, TN

$73K starting · COL 118.5

4 colleges

Jackson, TN

$51K starting · COL 82.5

3 colleges

Johnson City, TN

$65K starting · COL 105

6 colleges

Other Business Majors in Knoxville

Business Analytics

$66K starting · 2 yr ROI

Finance

$60K starting · 3.5 yr ROI

Economics

$55K starting · 4 yr ROI

Information Systems

$43K starting · 3.3 yr ROI

Supply Chain Management

$43K starting · 3.5 yr ROI

Operations Management

$43K starting · 3.8 yr ROI

Real Estate

$43K starting · 4 yr ROI

Business Administration

$49K starting · 4.2 yr ROI

Methodology & Education Data Sources

How we calculate Accounting degree outcomes in Knoxville, TN: Our salary projections, ROI estimates, and tuition data combine multiple federal datasets to provide a localized view of education economics. We use a 10-year career-trajectory model standard in higher education research.

Tuition data sourced from IPEDS (Integrated Postsecondary Education Data System), the federal education statistics database operated by NCES. Average tuition for Accounting programs reflects 4-year public/private weighted averages for Tennessee.
Career salary projections based on BLS Occupational Employment and Wage Statistics, with cost-of-living adjustments for Knoxville using regional CPI data.
10-year ROI calculates: (Total Career Earnings With Degree) − (Total Career Earnings Without Degree) − (Total Education Cost Including Interest on Loans).
Job market outlook for Accounting graduates uses BLS Occupational Outlook Handbook 10-year projections (2024-2034 base period).
Default rates and loan data sourced from College Scorecard (US Department of Education), which tracks repayment outcomes by institution.

Authoritative US education data sources:

IPEDS — Integrated Postsecondary Education Data — official federal college data
College Scorecard (US Dept of Education) — earnings, debt, completion rates
BLS Occupational Outlook Handbook — Accounting career projections
Federal Student Aid (FAFSA) — official US student loan and grant info
NCES Digest of Education Statistics — comprehensive education data
BLS Occupational Employment and Wages — entry-level salary data for Accounting grads

Education Disclaimer: Salary and ROI estimates are projections based on national and state-level averages. Individual outcomes depend on institution prestige, GPA, internships, location, network, and economic conditions. Always verify current tuition with the institution directly, and consult a financial aid counselor before taking on student loans. Use the Federal Loan Simulator to model repayment scenarios.

Reviewed by Brazora Monk · Last updated 2026 · IPEDS & BLS data current as of latest annual release

Financial Aid Resources for Knoxville Students

Beyond federal aid (FAFSA), Tennessee students have access to state-specific grants, scholarships, and tuition assistance programs. The 2026-27 FAFSA also added a new Low Earnings Indicator (Dec 2025) flagging programs where graduates earn less than non-college peers — check your target school's status:

📋 Federal Aid (FAFSA)

Pell Grant up to $7,395/yr (2026-27). Subsidized loans at 6.53% (academic year 25-26):

🏛️ State Grants (Tennessee)

State-specific grants stack with federal aid:

• USA.gov — Tennessee programs
• NASFAA — State Aid Programs
• Search "tennessee higher education commission grants"

🎓 College Outcomes Data

Verify earnings + debt before enrolling:

• College Scorecard — earnings, debt, completion
• NCES College Navigator
• IPEDS Net Price Calculator Center

💰 Scholarship Search

Free, official, scam-free scholarship databases:

2026-27 FAFSA tip: The new Low Earnings Indicator flags programs where graduates earn less than non-graduates. Check this before enrolling. Speak with a NASFAA-credentialed financial aid counselor at your target school.

Accounting Degree in Knoxville — FAQ

Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.

Explore More

Compare Accounting ROI in other cities, or explore other majors in Knoxville.

Accounting Overview Colleges in Knoxville All Majors