Cost of Living Calculator - Hobbs, New Mexico vs Memphis, Tennessee


The cost of living in Memphis, Tennessee is 2.1% cheaper than Hobbs, New Mexico.

You would need a salary of $48,942 in Memphis, Tennessee to maintain the standard of living you have in Hobbs, New Mexico.
Comparison highlights
• Overall, Memphis, Tennessee is cheaper than Hobbs, New Mexico
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
5% cheaper in Memphis
than in Hobbs, New Mexico
Hobbs, NM vs Memphis, TN
Compared to Hobbs, Memphis is:
  Homeowner
      No Child Care, Taxes not Considered
  2.1% lower
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  0.5% higher
  Housing (Homeowner)
  39.0% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  12.2% higher
  Commute
  31.6% higher
  Health
  10.0% higher
  Taxes
  Childcare
  Personal
  8.9% lower

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