Memphis, TN vs Santa Fe, NM
Cost of Living Comparison
Memphis, TN is more affordable by 6.6 index points
Side-by-Side Comparison
| Category | Memphis, TN | Santa Fe, NM | Difference |
|---|---|---|---|
| Overall | 92.2 | 98.8 | -6.6 |
| Housing | 79.8 | 108.0 | -28.2 |
| Goods | 96.2 | 96.1 | +0.1 |
| Utilities | 74.1 | 76.7 | -2.6 |
| Other Services | 95.4 | 98.5 | -3.2 |
Income & Housing Comparison
| Metric | Memphis, TN | Santa Fe, NM |
|---|---|---|
| Median Household Income | $62,178 | $70,522 |
| Median Home Value | $207,500 | $374,200 |
| Median Monthly Rent | $1,091 | $1,252 |
| Per Capita Income | $35,194 | $45,402 |
Frequently Asked Questions
Is Memphis, TN or Santa Fe, NM cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 6.6 index points (Memphis, TN: 92.2, Santa Fe, NM: 98.8).
Where is housing cheaper, Memphis, TN or Santa Fe, NM?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Santa Fe, NM (108.0).