Chicago, IL vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 11.4 index points
Side-by-Side Comparison
| Category | Chicago, IL | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 103.6 | 92.2 | +11.4 |
| Housing | 112.0 | 79.8 | +32.2 |
| Goods | 107.3 | 96.2 | +11.0 |
| Utilities | 83.6 | 74.1 | +9.5 |
| Other Services | 100.5 | 95.4 | +5.1 |
Income & Housing Comparison
| Metric | Chicago, IL | Memphis, TN |
|---|---|---|
| Median Household Income | $85,087 | $62,178 |
| Median Home Value | $288,400 | $207,500 |
| Median Monthly Rent | $1,310 | $1,091 |
| Per Capita Income | $45,977 | $35,194 |
Frequently Asked Questions
Is Chicago, IL or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 11.4 index points (Chicago, IL: 103.6, Memphis, TN: 92.2).
Where is housing cheaper, Chicago, IL or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Chicago, IL (112.0) vs Memphis, TN (79.8).