Memphis, TN vs Monroe, LA
Cost of Living Comparison
Monroe, LA is more affordable by 8.6 index points
Side-by-Side Comparison
| Category | Memphis, TN | Monroe, LA | Difference |
|---|---|---|---|
| Overall | 92.2 | 83.6 | +8.6 |
| Housing | 79.8 | 42.8 | +37.0 |
| Goods | 96.2 | 93.7 | +2.5 |
| Utilities | 74.1 | 72.2 | +1.9 |
| Other Services | 95.4 | 95.7 | -0.3 |
Income & Housing Comparison
| Metric | Memphis, TN | Monroe, LA |
|---|---|---|
| Median Household Income | $62,178 | $47,351 |
| Median Home Value | $207,500 | $158,100 |
| Median Monthly Rent | $1,091 | $859 |
| Per Capita Income | $35,194 | $28,677 |
Frequently Asked Questions
Is Memphis, TN or Monroe, LA cheaper to live in?
Monroe, LA is more affordable. The cost of living difference is 8.6 index points (Memphis, TN: 92.2, Monroe, LA: 83.6).
Where is housing cheaper, Memphis, TN or Monroe, LA?
Housing is more affordable in Monroe, LA. Housing index: Memphis, TN (79.8) vs Monroe, LA (42.8).