Florence, AL vs Memphis, TN
Cost of Living Comparison
Florence, AL is more affordable by 7.4 index points
Side-by-Side Comparison
| Category | Florence, AL | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 84.8 | 92.2 | -7.4 |
| Housing | 47.7 | 79.8 | -32.1 |
| Goods | 96.4 | 96.2 | +0.2 |
| Utilities | 85.8 | 74.1 | +11.7 |
| Other Services | 96.7 | 95.4 | +1.3 |
Income & Housing Comparison
| Metric | Florence, AL | Memphis, TN |
|---|---|---|
| Median Household Income | $56,113 | $62,178 |
| Median Home Value | $164,400 | $207,500 |
| Median Monthly Rent | $787 | $1,091 |
| Per Capita Income | $31,940 | $35,194 |
Frequently Asked Questions
Is Florence, AL or Memphis, TN cheaper to live in?
Florence, AL is more affordable. The cost of living difference is 7.4 index points (Florence, AL: 84.8, Memphis, TN: 92.2).
Where is housing cheaper, Florence, AL or Memphis, TN?
Housing is more affordable in Florence, AL. Housing index: Florence, AL (47.7) vs Memphis, TN (79.8).