Charlotte, NC vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 5.2 index points
Side-by-Side Comparison
| Category | Charlotte, NC | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 97.3 | 92.2 | +5.2 |
| Housing | 97.6 | 79.8 | +17.8 |
| Goods | 96.6 | 96.2 | +0.4 |
| Utilities | 89.2 | 74.1 | +15.1 |
| Other Services | 98.2 | 95.4 | +2.8 |
Income & Housing Comparison
| Metric | Charlotte, NC | Memphis, TN |
|---|---|---|
| Median Household Income | $76,177 | $62,178 |
| Median Home Value | $283,000 | $207,500 |
| Median Monthly Rent | $1,279 | $1,091 |
| Per Capita Income | $42,735 | $35,194 |
Frequently Asked Questions
Is Charlotte, NC or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 5.2 index points (Charlotte, NC: 97.3, Memphis, TN: 92.2).
Where is housing cheaper, Charlotte, NC or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Charlotte, NC (97.6) vs Memphis, TN (79.8).