Memphis, TN vs Virginia Beach, VA
Cost of Living Comparison
Memphis, TN is more affordable by 5.8 index points
Side-by-Side Comparison
| Category | Memphis, TN | Virginia Beach, VA | Difference |
|---|---|---|---|
| Overall | 92.2 | 97.9 | -5.8 |
| Housing | 79.8 | 99.8 | -20.0 |
| Goods | 96.2 | 96.8 | -0.5 |
| Utilities | 74.1 | 89.6 | -15.5 |
| Other Services | 95.4 | 98.6 | -3.2 |
Income & Housing Comparison
| Metric | Memphis, TN | Virginia Beach, VA |
|---|---|---|
| Median Household Income | $62,178 | $77,082 |
| Median Home Value | $207,500 | $295,900 |
| Median Monthly Rent | $1,091 | $1,341 |
| Per Capita Income | $35,194 | $40,857 |
Frequently Asked Questions
Is Memphis, TN or Virginia Beach, VA cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 5.8 index points (Memphis, TN: 92.2, Virginia Beach, VA: 97.9).
Where is housing cheaper, Memphis, TN or Virginia Beach, VA?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Virginia Beach, VA (99.8).