Austin, TX vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 5.9 index points
Side-by-Side Comparison
| Category | Austin, TX | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 98.1 | 92.2 | +5.9 |
| Housing | 120.4 | 79.8 | +40.6 |
| Goods | 93.8 | 96.2 | -2.5 |
| Utilities | 82.0 | 74.1 | +7.9 |
| Other Services | 96.2 | 95.4 | +0.9 |
Income & Housing Comparison
| Metric | Austin, TX | Memphis, TN |
|---|---|---|
| Median Household Income | $92,939 | $62,178 |
| Median Home Value | $390,500 | $207,500 |
| Median Monthly Rent | $1,529 | $1,091 |
| Per Capita Income | $49,787 | $35,194 |
Frequently Asked Questions
Is Austin, TX or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 5.9 index points (Austin, TX: 98.1, Memphis, TN: 92.2).
Where is housing cheaper, Austin, TX or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Austin, TX (120.4) vs Memphis, TN (79.8).