Memphis, Tennessee vs. Truth or Consequences, New Mexico

Cost of Living Comparison

The cost of living in Truth or Consequences, New Mexico is 8.6% cheaper than Memphis, Tennessee.

You would need a salary of $91,355 in Truth or Consequences, New Mexico to maintain the standard of living you have in Memphis, Tennessee.
Comparison highlights
• Overall, Truth or Consequences, New Mexico is cheaper than Memphis, Tennessee
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
19% cheaper in Truth or Consequences
than in Memphis, Tennessee
Memphis, TN vs. Truth Or Consequences, NM
Compared to Memphis, Truth Or Consequences is:
  Homeowner
      No Child Care, Taxes not Considered
  8.6% lower
      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
  4.0% lower
  Housing (Homeowner)
  5.7% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  10.1% higher
  Commute
  26.6% lower
  Health
  10.0% lower
  Taxes
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  Childcare
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  Personal
  5.9% higher
Cost of Food
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