Carmel, Indiana vs. Memphis, Tennessee

Cost of Living Comparison

The cost of living in Memphis, Tennessee is 32.3% cheaper than Carmel, Indiana.

You would need a salary of $50,764 in Memphis, Tennessee to maintain the standard of living you have in Carmel, Indiana.
Comparison highlights
• Overall, Memphis, Tennessee is cheaper than Carmel, Indiana
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
69% cheaper in Memphis
than in Carmel, Indiana
Carmel, IN vs. Memphis, TN
Compared to Carmel, Memphis is:
  Homeowner
      No Child Care, Taxes not Considered
  32.3% lower
      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Renter
      No Child Care, Taxes not Considered
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      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Food
  7.8% lower
  Housing (Homeowner)
  75.5% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  7.2% higher
  Commute
  4.4% higher
  Health
  2.7% lower
  Taxes
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  Childcare
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  Personal
  20.1% lower
Cost of Food
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