Memphis, TN vs New York, NY
Cost of Living Comparison
Memphis, TN is more affordable by 20.4 index points
Side-by-Side Comparison
| Category | Memphis, TN | New York, NY | Difference |
|---|---|---|---|
| Overall | 92.2 | 112.6 | -20.4 |
| Housing | 79.8 | 148.6 | -68.8 |
| Goods | 96.2 | 110.3 | -14.0 |
| Utilities | 74.1 | 127.0 | -52.9 |
| Other Services | 95.4 | 105.8 | -10.5 |
Income & Housing Comparison
| Metric | Memphis, TN | New York, NY |
|---|---|---|
| Median Household Income | $62,178 | $93,610 |
| Median Home Value | $207,500 | $553,500 |
| Median Monthly Rent | $1,091 | $1,711 |
| Per Capita Income | $35,194 | $52,011 |
Frequently Asked Questions
Is Memphis, TN or New York, NY cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 20.4 index points (Memphis, TN: 92.2, New York, NY: 112.6).
Where is housing cheaper, Memphis, TN or New York, NY?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs New York, NY (148.6).