Detroit, MI vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 8.1 index points
Side-by-Side Comparison
| Category | Detroit, MI | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 100.3 | 92.2 | +8.1 |
| Housing | 94.7 | 79.8 | +14.9 |
| Goods | 98.8 | 96.2 | +2.6 |
| Utilities | 107.0 | 74.1 | +32.9 |
| Other Services | 102.6 | 95.4 | +7.2 |
Income & Housing Comparison
| Metric | Detroit, MI | Memphis, TN |
|---|---|---|
| Median Household Income | $72,456 | $62,178 |
| Median Home Value | $223,800 | $207,500 |
| Median Monthly Rent | $1,112 | $1,091 |
| Per Capita Income | $40,536 | $35,194 |
Frequently Asked Questions
Is Detroit, MI or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 8.1 index points (Detroit, MI: 100.3, Memphis, TN: 92.2).
Where is housing cheaper, Detroit, MI or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Detroit, MI (94.7) vs Memphis, TN (79.8).