2025 Compare Cities Cost of Living:
Memphis, TN vs Prospect, KY

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Highlights
Is it cheaper to live in Prospect or is it cheaper to live in Memphis?
- Prospect is 4.7% more expensive than Memphis.

Which city has more affordable housing, Prospect or Memphis?
- Prospect housing costs are 294.1% more expensive than Memphis housing costs.

Is Health Care more affordable in Memphis or is Health Care more affordable in Prospect.
- Health related expenses are 2.1% less in Prospect.
 Memphis, TNProspect, KYUnited States
 Overall  Unlock89.8100
 Food & Groceries93.3  Unlock100
 Health  Unlock94.8100
 Housing42.4  Unlock100
 Median Home Cost  Unlock$550,100$338,100
 Utilities96  Unlock100
 Transportation  Unlock104.0100
 Miscellaneous100.2  Unlock100
100 = National Average (Below 100 means cheaper than the US average. Above 100 means more expensive.)
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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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Reviews for Prospect    3 Reviews

Over 17 years ago

Although housing is more expensive than most other cities in Kentucky, as are the real estate taxes it is worth it for the piece of mind and the great schools. Otherwise  More

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Quick response to what was posted. I would say her post is inaccurate except for the part about taxes. People are friendlier and more laid back than the people up  More

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Everything is relative as the saying goes, but we transplanted here from Germantown, TN (which we loved)to Prospect, KY (suburb of Louisville). We find the people are  More

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