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2019 Cost of Living Calculator:
Memphis, Tennessee vs Raritan, New Jersey

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A salary of $70,000 in Memphis, Tennessee should increase to $126,548 in Raritan, New Jersey (assumptions include Homeowner, no Child Care, and Taxes are not considered. Click here to customize.)

Comparison Highlights
- Overall, Raritan, New Jersey is 65.7% more expensive than Memphis, Tennessee
- Median Home Cost is the biggest factor in the cost of living difference.
- Median Home Cost is 287% more expensive in Raritan.
Cost of Living IndexesMemphis, TNRaritan, NJDifference
Overall Index: Homeowner, No Child care, Taxes Not Considered76125.965.7% more
Food & Groceries93.3106.213.8% more
Housing (Homeowner)37.1143.8287.6% more
Median Home Cost$85,700$332,500$246,800 (288.0% more)
Utilities96.3105.19.1% more
Transportation94.5141.850.1% more
Health98.4899.6% less
Miscellaneous88.1120.937.2% more
100 = US Average. (Below 100 means cheaper than the US average. Above 100 means more expensive.)

DID YOU KNOW?
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WHAT IS COST OF LIVING

Before moving to a new city you want to know how much it will cost to live there. “Cost of living” is the amount of money you need to maintain a certain lifestyle in a given place. The price of goods and services vary from one city to another, calculating the cost of living will help you determine how much more or less you need to make and help you factor in expenses.

The expenses that go in to determining cost of living include housing prices for renters or homeowners, housing affordability, entertainment costs, transportation expenses, food prices, and taxes.


WHAT IS COST OF LIVING INDEX

A cost of living index allows you to compare what it costs to live in one place against another, helping you get a glimpse of how far your money will go before you move. For example the cost of living in New York City is almost twice that of Portland, Oregon.

Our goal with the Cost of Living Calculator is to help you feel more confident in deciding where to live and help you find your best place to live.

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