Lakeland, FL vs Memphis, TN
Cost of Living Comparison
Memphis, TN is more affordable by 5.0 index points
Side-by-Side Comparison
| Category | Lakeland, FL | Memphis, TN | Difference |
|---|---|---|---|
| Overall | 97.1 | 92.2 | +5.0 |
| Housing | 95.9 | 79.8 | +16.1 |
| Goods | 96.2 | 96.2 | +0.0 |
| Utilities | 86.9 | 74.1 | +12.8 |
| Other Services | 98.9 | 95.4 | +3.5 |
Income & Housing Comparison
| Metric | Lakeland, FL | Memphis, TN |
|---|---|---|
| Median Household Income | $60,901 | $62,178 |
| Median Home Value | $215,700 | $207,500 |
| Median Monthly Rent | $1,192 | $1,091 |
| Per Capita Income | $30,262 | $35,194 |
Frequently Asked Questions
Is Lakeland, FL or Memphis, TN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 5.0 index points (Lakeland, FL: 97.1, Memphis, TN: 92.2).
Where is housing cheaper, Lakeland, FL or Memphis, TN?
Housing is more affordable in Memphis, TN. Housing index: Lakeland, FL (95.9) vs Memphis, TN (79.8).