Memphis, TN vs Phoenix, AZ
Cost of Living Comparison
Memphis, TN is more affordable by 11.1 index points
Side-by-Side Comparison
| Category | Memphis, TN | Phoenix, AZ | Difference |
|---|---|---|---|
| Overall | 92.2 | 103.3 | -11.1 |
| Housing | 79.8 | 121.2 | -41.4 |
| Goods | 96.2 | 95.0 | +1.2 |
| Utilities | 74.1 | 93.3 | -19.2 |
| Other Services | 95.4 | 104.0 | -8.6 |
Income & Housing Comparison
| Metric | Memphis, TN | Phoenix, AZ |
|---|---|---|
| Median Household Income | $62,178 | $79,935 |
| Median Home Value | $207,500 | $360,600 |
| Median Monthly Rent | $1,091 | $1,432 |
| Per Capita Income | $35,194 | $40,787 |
Frequently Asked Questions
Is Memphis, TN or Phoenix, AZ cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 11.1 index points (Memphis, TN: 92.2, Phoenix, AZ: 103.3).
Where is housing cheaper, Memphis, TN or Phoenix, AZ?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Phoenix, AZ (121.2).