Memphis, Tennessee vs. Lake Wales, Florida

Cost of Living Comparison

The cost of living in Lake Wales, Florida is 10.6% more expensive than Memphis, Tennessee.

You would need a salary of $127,168 in Lake Wales, Florida to maintain the standard of living you have in Memphis, Tennessee.
Comparison highlights
• Overall, Lake Wales, Florida is more expensive than Memphis, Tennessee
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
56% more expensive in Lake Wales
than in Memphis, Tennessee
Memphis, TN vs. Lake Wales, FL
Compared to Memphis, Lake Wales is:
  Homeowner
      No Child Care, Taxes not Considered
  10.6% 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
  9.3% higher
  Housing (Homeowner)
  59.3% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  10.5% higher
  Commute
  7.0% lower
  Health
  4.2% higher
  Taxes
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  Childcare
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  Personal
  6.6% higher
Cost of Food
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