Memphis, TN vs Philadelphia, PA
Cost of Living Comparison
Memphis, TN is more affordable by 10.4 index points
Side-by-Side Comparison
| Category | Memphis, TN | Philadelphia, PA | Difference |
|---|---|---|---|
| Overall | 92.2 | 102.6 | -10.4 |
| Housing | 79.8 | 113.1 | -33.3 |
| Goods | 96.2 | 96.8 | -0.6 |
| Utilities | 74.1 | 114.4 | -40.3 |
| Other Services | 95.4 | 103.1 | -7.7 |
Income & Housing Comparison
| Metric | Memphis, TN | Philadelphia, PA |
|---|---|---|
| Median Household Income | $62,178 | $85,555 |
| Median Home Value | $207,500 | $304,900 |
| Median Monthly Rent | $1,091 | $1,347 |
| Per Capita Income | $35,194 | $47,051 |
Frequently Asked Questions
Is Memphis, TN or Philadelphia, PA cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 10.4 index points (Memphis, TN: 92.2, Philadelphia, PA: 102.6).
Where is housing cheaper, Memphis, TN or Philadelphia, PA?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Philadelphia, PA (113.1).