Charleston, SC vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 8.8 index points
Side-by-Side Comparison
| Category | Charleston, SC | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 101.0 | 92.2 | +8.8 |
| Housing | 119.8 | 79.8 | +40.0 |
| Goods | 96.3 | 96.2 | +0.1 |
| Utilities | 88.2 | 74.1 | +14.1 |
| Other Services | 98.3 | 95.4 | +2.9 |
Income & Housing Comparison
| Metric | Charleston, SC | Memphis, TN |
|---|---|---|
| Median Household Income | $77,460 | $62,178 |
| Median Home Value | $317,300 | $207,500 |
| Median Monthly Rent | $1,402 | $1,091 |
| Per Capita Income | $44,457 | $35,194 |
Frequently Asked Questions
Is Charleston, SC or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 8.8 index points (Charleston, SC: 101.0, Memphis, TN: 92.2).
Where is housing cheaper, Charleston, SC or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Charleston, SC (119.8) vs Memphis, TN (79.8).