Colorado Springs, CO vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 8.5 index points
Side-by-Side Comparison
| Category | Colorado Springs, CO | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 100.7 | 92.2 | +8.5 |
| Housing | 116.2 | 79.8 | +36.4 |
| Goods | 96.1 | 96.2 | -0.2 |
| Utilities | 83.2 | 74.1 | +9.1 |
| Other Services | 99.8 | 95.4 | +4.5 |
Income & Housing Comparison
| Metric | Colorado Springs, CO | Memphis, TN |
|---|---|---|
| Median Household Income | $82,334 | $62,178 |
| Median Home Value | $391,000 | $207,500 |
| Median Monthly Rent | $1,508 | $1,091 |
| Per Capita Income | $41,457 | $35,194 |
Frequently Asked Questions
Is Colorado Springs, CO or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 8.5 index points (Colorado Springs, CO: 100.7, Memphis, TN: 92.2).
Where is housing cheaper, Colorado Springs, CO or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Colorado Springs, CO (116.2) vs Memphis, TN (79.8).