What is a pro or con of living in Memphis, Tennesseecompared to Miami, Florida?

Median Home Cost is 71% cheaper in Memphis.

What salary do I need to live in Memphis, Tennessee copmared to Miami, Florida?

A salary of $476,947 in Miami, Florida could decrease to $301,989 in Memphis, Tennessee (assumptions include Homeowner, no Child Care, and Taxes are not considered.

What is a cost of living index?

A Cost of living index is a number starting at 100(100 = US Average). Higher means the place is more expensive than the US Average and lower than 100 means the place is less expensive than the US Average.

Comparison

Food

Housing

Utilities

Commute

Health

Taxes

Childcare

Personal

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MIAMI vs. MEMPHIS
Cost of Living Comparison

Miami, Florida vs. Memphis, Tennessee

Q: Is it expensive to live in Memphis, Tennessee compared to Miami, Florida?

Overall, Memphis, Tennessee is cheaper than Miami, Florida.

Cost of Living Comparison

The cost of living in Memphis, Tennessee is 36.7% cheaper than Miami, Florida.

You would need a salary of $301,989 in Memphis, Tennessee to maintain the standard of living you have in Miami, Florida.

Comparison highlights

• Overall, Memphis, Tennessee is cheaper than Miami, Florida
• Median Home Cost is the biggest factor in the cost of living difference.

Median Home Cost
71% cheaper in Memphis
than in Miami, Florida

Miami, FL vs. Memphis, TN

Compared to Miami, Memphis is:

Homeowner

No Child Care, Taxes not Considered

36.7% 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

13.0% lower

Housing (Homeowner)

74.0% lower

Housing (Rent)

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Median Home Cost

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Utilities

0.8% higher

Commute

34.6% lower

Health

6.9% lower

Taxes

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Childcare

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Personal

15.9% lower

Cost of Food

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Miami, Florida vs. Memphis, Tennessee

Cost of Living Comparison

Comparison highlights

Miami, FL vs. Memphis, TN

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