Memphis, TN vs Raleigh, NC
Cost of Living Comparison
Memphis, TN is more affordable by 6.0 index points
Side-by-Side Comparison
| Category | Memphis, TN | Raleigh, NC | Difference |
|---|---|---|---|
| Overall | 92.2 | 98.2 | -6.0 |
| Housing | 79.8 | 103.5 | -23.7 |
| Goods | 96.2 | 96.6 | -0.4 |
| Utilities | 74.1 | 89.0 | -14.9 |
| Other Services | 95.4 | 98.2 | -2.8 |
Income & Housing Comparison
| Metric | Memphis, TN | Raleigh, NC |
|---|---|---|
| Median Household Income | $62,178 | $91,818 |
| Median Home Value | $207,500 | $347,600 |
| Median Monthly Rent | $1,091 | $1,366 |
| Per Capita Income | $35,194 | $47,031 |
Frequently Asked Questions
Is Memphis, TN or Raleigh, NC cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 6.0 index points (Memphis, TN: 92.2, Raleigh, NC: 98.2).
Where is housing cheaper, Memphis, TN or Raleigh, NC?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Raleigh, NC (103.5).