City comparison
Cost indices by category, with the US city average (100) marked.
Index: 100 = US city average. Lower is more affordable.
Side-by-side costs, salaries, and sub-category indices.
| Metric | Austin | Memphis | Difference |
|---|---|---|---|
| Median rent | $1,549/mo | $1,050/mo | 47.5% higher in A |
| Median home value | $461,500 | $139,600 | 230.6% higher in A |
| Median household income | $86,556 | $48,090 | 80.0% higher in A |
| Groceries index | 104.2 | 98.3 | 6.0% higher in A |
| Utilities index | 102.6 | 95.0 | 8.0% higher in A |
| Transportation index | 91.7 | 81.7 | 12.3% higher in A |
| Healthcare index | 110.4 | 94.6 | 16.7% higher in A |
How much you'd need to earn in the other city to keep the same standard of living.
If you earn $100,000 in Austin, you'd need $79,817 in Memphis to maintain your standard of living.
Climate, safety, and demographics side by side.
Memphis, TN is about 20.2% cheaper overall than Austin, TX, based on our cost-of-living index. Housing costs are roughly 32% lower in Memphis than in Austin. If you earn $80,000 in Austin, you'd need about $63,854 in Memphis to keep the same standard of living.