Albany, NY vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 7.4 index points
Side-by-Side Comparison
| Category | Albany, NY | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 99.6 | 92.2 | +7.4 |
| Housing | 102.6 | 79.8 | +22.8 |
| Goods | 99.7 | 96.2 | +3.5 |
| Utilities | 134.0 | 74.1 | +60.0 |
| Other Services | 97.8 | 95.4 | +2.4 |
Income & Housing Comparison
| Metric | Albany, NY | Memphis, TN |
|---|---|---|
| Median Household Income | $83,360 | $62,178 |
| Median Home Value | $254,100 | $207,500 |
| Median Monthly Rent | $1,181 | $1,091 |
| Per Capita Income | $44,919 | $35,194 |
Frequently Asked Questions
Is Albany, NY or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 7.4 index points (Albany, NY: 99.6, Memphis, TN: 92.2).
Where is housing cheaper, Albany, NY or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Albany, NY (102.6) vs Memphis, TN (79.8).