Memphis, Tennessee vs. Banner Elk, North Carolina

Cost of Living Comparison

The cost of living in Banner Elk, North Carolina is 28.0% more expensive than Memphis, Tennessee.

You would need a salary of $75,200 in Banner Elk, North Carolina to maintain the standard of living you have in Memphis, Tennessee.
Comparison highlights
• Overall, Banner Elk, North Carolina is more expensive than Memphis, Tennessee
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
203% more expensive in Banner Elk
than in Memphis, Tennessee
Memphis, TN vs. Banner Elk, NC
Compared to Memphis, Banner Elk is:
  Homeowner
      No Child Care, Taxes not Considered
  28.0% higher
      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
  8.1% higher
  Housing (Homeowner)
  201.6% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  7.3% lower
  Commute
  25.1% lower
  Health
  27.4% higher
  Taxes
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  Childcare
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  Personal
  7.3% higher
Cost of Food
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