Florence, AL vs Memphis, TN: Cost of Living Comparison
Memphis has the lower overall cost of living. (100 = US national average)
Category-by-Category Comparison
| Category | Florence | Memphis | Cheaper |
|---|---|---|---|
| Overall cost of living | 70 | 69 | Memphis |
| Housing | 50 ($549) | 45 ($786) | Memphis |
| Transportation | 104 ($3.50) | 109 ($3.50) | Florence |
| Food & groceries | 67 ($275) | 69 ($283) | Florence |
| Utilities | 75 ($90) | 73 ($81) | Memphis |
| Healthcare | 75 ($65) | 73 ($59) | Memphis |
| Median annual wage | 94 ($45,670) | 98 ($47,380) | Florence |
Index 100 = US national average. Lower = cheaper. For wage, higher = better.
Frequently Asked Questions
Is Florence, AL or Memphis, TN cheaper to live in?
Memphis, TN is cheaper overall by about 1 index points (Florence, AL: 70, Memphis, TN: 69; 100 = US national average).
What salary do I need in Florence, AL vs Memphis, TN?
A single adult needs roughly $24,500/year in Florence, AL and $24,150/year in Memphis, TN to cover basic living costs.