Memphis, TN vs Minneapolis, MN
Cost of Living Comparison
Memphis, TN is more affordable by 12.6 index points
Side-by-Side Comparison
| Category | Memphis, TN | Minneapolis, MN | Difference |
|---|---|---|---|
| Overall | 92.2 | 104.8 | -12.6 |
| Housing | 79.8 | 111.8 | -32.0 |
| Goods | 96.2 | 103.1 | -6.8 |
| Utilities | 74.1 | 93.5 | -19.4 |
| Other Services | 95.4 | 104.4 | -9.0 |
Income & Housing Comparison
| Metric | Memphis, TN | Minneapolis, MN |
|---|---|---|
| Median Household Income | $62,178 | $94,673 |
| Median Home Value | $207,500 | $334,200 |
| Median Monthly Rent | $1,091 | $1,324 |
| Per Capita Income | $35,194 | $49,334 |
Frequently Asked Questions
Is Memphis, TN or Minneapolis, MN cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 12.6 index points (Memphis, TN: 92.2, Minneapolis, MN: 104.8).
Where is housing cheaper, Memphis, TN or Minneapolis, MN?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Minneapolis, MN (111.8).