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RICHMOND vs. MEMPHIS
Cost of Living Comparison

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Cost of Living Calculator - Richmond, Virginia vs Memphis, Tennessee

The cost of living in Memphis, Tennessee is 19.4% cheaper than Richmond, Virginia.

You would need a salary of $32,258 in Memphis, Tennessee to maintain the standard of living you have in Richmond, Virginia.

Comparison highlights

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

Median Home Cost
54% cheaper in Memphis
than in Richmond, Virginia

Richmond, VA vs Memphis, TN

Compared to Richmond, Memphis is:

Homeowner

No Child Care, Taxes not Considered

19.4% 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

4.8% lower

Housing (Homeowner)

60.0% lower

Housing (Rent)

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Median Home Cost

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Utilities

2.6% lower

Commute

13.2% higher

Health

2.4% lower

Taxes

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Childcare

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Personal

16.4% lower

Cost of Food

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