Memphis, TN vs Miami, FL
Cost of Living Comparison
Memphis, TN is more affordable by 22.0 index points
Side-by-Side Comparison
| Category | Memphis, TN | Miami, FL | Difference |
|---|---|---|---|
| Overall | 92.2 | 114.2 | -22.0 |
| Housing | 79.8 | 155.6 | -75.7 |
| Goods | 96.2 | 103.6 | -7.3 |
| Utilities | 74.1 | 97.2 | -23.1 |
| Other Services | 95.4 | 109.1 | -13.7 |
Income & Housing Comparison
| Metric | Memphis, TN | Miami, FL |
|---|---|---|
| Median Household Income | $62,178 | $69,085 |
| Median Home Value | $207,500 | $369,500 |
| Median Monthly Rent | $1,091 | $1,657 |
| Per Capita Income | $35,194 | $39,957 |
Frequently Asked Questions
Is Memphis, TN or Miami, FL cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 22.0 index points (Memphis, TN: 92.2, Miami, FL: 114.2).
Where is housing cheaper, Memphis, TN or Miami, FL?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Miami, FL (155.6).