CostByCity

Jackson, TN vs Memphis, TN

Cost of Living Comparison

Jackson, TN is more affordable by 6.7 index points

Side-by-Side Comparison

CategoryJackson, TNMemphis, TNDifference
Overall85.592.2-6.7
Housing56.679.8-23.2
Goods96.296.2+0.0
Utilities72.674.1-1.5
Other Services95.195.4-0.2

Income & Housing Comparison

MetricJackson, TNMemphis, TN
Median Household Income$55,807$62,178
Median Home Value$152,200$207,500
Median Monthly Rent$903$1,091
Per Capita Income$29,649$35,194

Frequently Asked Questions

Is Jackson, TN or Memphis, TN cheaper to live in?
Jackson, TN is more affordable. The cost of living difference is 6.7 index points (Jackson, TN: 85.5, Memphis, TN: 92.2).
Where is housing cheaper, Jackson, TN or Memphis, TN?
Housing is more affordable in Jackson, TN. Housing index: Jackson, TN (56.6) vs Memphis, TN (79.8).