Florence, SC vs Memphis, TN
Cost of Living Comparison
Florence, SC is more affordable by 5.4 index points
Side-by-Side Comparison
| Category | Florence, SC | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 86.8 | 92.2 | -5.4 |
| Housing | 52.4 | 79.8 | -27.4 |
| Goods | 96.3 | 96.2 | +0.1 |
| Utilities | 87.7 | 74.1 | +13.6 |
| Other Services | 98.3 | 95.4 | +2.9 |
Income & Housing Comparison
| Metric | Florence, SC | Memphis, TN |
|---|---|---|
| Median Household Income | $52,401 | $62,178 |
| Median Home Value | $150,300 | $207,500 |
| Median Monthly Rent | $848 | $1,091 |
| Per Capita Income | $30,130 | $35,194 |
Frequently Asked Questions
Is Florence, SC or Memphis, TN cheaper to live in?
Florence, SC is more affordable. The cost of living difference is 5.4 index points (Florence, SC: 86.8, Memphis, TN: 92.2).
Where is housing cheaper, Florence, SC or Memphis, TN?
Housing is more affordable in Florence, SC. Housing index: Florence, SC (52.4) vs Memphis, TN (79.8).