Home / Select Cities  /  2024 Comparing Memphis, TN vs. Richmond, VA

2024 Compare Cities Cost of Living:
Memphis, TN vs Richmond, VA

Change Cities
Highlights
Is it cheaper to live in Richmond or is it cheaper to live in Memphis?
- Richmond is 11.0% more expensive than Memphis.

Which city has more affordable housing, Richmond or Memphis?
- Richmond housing costs are 128.5% more expensive than Memphis housing costs.

Is Health Care more affordable in Memphis or is Health Care more affordable in Richmond.
- Health related expenses are 2.5% more in Richmond.
 Memphis, TNRichmond, VAUnited States
 Overall85.895.2100
 Food & Groceries93.398.0100
 Health96.899.2100
 Housing42.496.9100
 Median Home Cost$148,300$327,100$338,100
 Utilities9,630.0%9,890.0%10,000.0%
 Transportation94.583.5100
 Miscellaneous100.2136.2100

100 = National Average (Below 100 means cheaper than the US average. Above 100 means more expensive.)
DID YOU KNOW?

In order to keep your same standard of living your salary can vary greatly - whether you buy or rent, require child care, or want to include taxes. This is why we are now offering a Premium Salary & Cost of Living Calculator.

Our Premium Calculator Includes:
- Compare Cities cost of living across 9 different categories
- Personal salary calculations can optionally include Home ownership or rental, Child care, and Taxes (with details on state and local sales, income, property and automobile taxes)
- Includes the cost of Child Care for toddlers or infants, at a day care center or home care
- Grocery prices, detailed for 29 staple items in six categories
- Difference in cost of Utilities, including electric, gas and fuel oil
- Health Care Premiums and hospital expenses for major surgeries
- Taxes, Fees and Expenses you should know about, such as local car insurance rates, automobile taxes and registration, commuting costs.
- and 100s of other items you should consider before you relocate

Upgrade to Premium | See Example

View More Data >

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

   |    Reply

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

   |    Reply

Over 4 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

   |    Reply

Start Your Review of Memphis

Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

   |    Reply

Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

   |    Reply

Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

   |    Reply

Start Your Review of Richmond

 Most Recent Searches On Compare Cities
COMPARE COST OF LIVING
Compare Memphis, Tennessee Cost of Living vs Richmond, Virginia Cost of Living: Taxes, Childcare, Groceries, Health...
Compare Now


ZIPS IN MEMPHIS, TENNESSEE
38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, 30 total
ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total

PREMIUM SUBSCRIPTION

Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.

Try Now