Cost of Living Comparison Between New York, NY and Memphis, TN 
| Indices Difference |  |
|---|---|
| Cost of Living in Memphis, TN is 35.8% lower than in New York, NY (without rent) | |
| Cost of Living Including Rent in Memphis, TN is 53.7% lower than in New York, NY | |
| Rent Prices in Memphis, TN are 73.0% lower than in New York, NY | |
| Restaurant Prices in Memphis, TN are 42.3% lower than in New York, NY | |
| Groceries Prices in Memphis, TN are 30.4% lower than in New York, NY | |
| Local Purchasing Power in Memphis, TN is 39.8% higher than in New York, NY | |
Restaurants | New York, NY Edit |
Memphis, TN Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 30.00 $ | 15.50 $ | -48.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 130.00 $ | 65.00 $ | -50.0 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 12.00 $ | 10.00 $ | -16.7 % |
| Domestic Beer (1 pint draught) | 8.00 $ | 6.00 $ | -25.0 % |
| Imported Beer (12 oz small bottle) | 10.00 $ | 8.00 $ | -20.0 % |
| Cappuccino (regular) | 5.67 $ | 4.75 $ | -16.2 % |
| Coke/Pepsi (12 oz small bottle) | 3.01 $ | 2.10 $ | -30.1 % |
| Water (12 oz small bottle) | 2.28 $ | 1.89 $ | -17.2 % |
Markets | New York, NY Edit |
Memphis, TN Edit | |
| Milk (regular), (1 gallon) | 5.64 $ | 3.82 $ | -32.2 % |
| Loaf of Fresh White Bread (1 lb) | 4.35 $ | 2.19 $ | -49.6 % |
| Rice (white), (1 lb) | 3.33 $ | 1.76 $ | -47.1 % |
| Eggs (regular) (12) | 5.25 $ | 4.33 $ | -17.5 % |
| Local Cheese (1 lb) | 7.46 $ | 4.65 $ | -37.6 % |
| Chicken Fillets (1 lb) | 6.81 $ | 4.74 $ | -30.4 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 8.69 $ | 7.66 $ | -11.9 % |
| Apples (1 lb) | 3.14 $ | 2.21 $ | -29.5 % |
| Banana (1 lb) | 0.96 $ | 0.78 $ | -19.1 % |
| Oranges (1 lb) | 2.59 $ | 1.71 $ | -34.1 % |
| Tomato (1 lb) | 2.93 $ | 2.18 $ | -25.4 % |
| Potato (1 lb) | 1.81 $ | 1.88 $ | +3.9 % |
| Onion (1 lb) | 1.69 $ | 1.39 $ | -17.6 % |
| Lettuce (1 head) | 2.95 $ | 2.24 $ | -23.9 % |
| Water (1.5 liter bottle) | 2.47 $ | 1.89 $ | -23.8 % |
| Bottle of Wine (Mid-Range) | 20.00 $ | 14.50 $ | -27.5 % |
| Domestic Beer (0.5 liter bottle) | 2.57 $ | 1.73 $ | -32.8 % |
| Imported Beer (12 oz small bottle) | 3.81 $ | 1.88 $ | -50.7 % |
| Cigarettes 20 Pack (Marlboro) | 17.00 $ | 8.00 $ | -52.9 % |
Transportation | New York, NY Edit |
Memphis, TN Edit | |
| One-way Ticket (Local Transport) | 2.90 $ | 1.25 $ | -56.9 % |
| Monthly Pass (Regular Price) | 132.00 $ | 12.50 $ | -90.5 % |
| Taxi Start (Normal Tariff) | 5.00 $ | 2.00 $ | -60.0 % |
| Taxi 1 mile (Normal Tariff) | 3.50 $ | 2.20 $ | -37.1 % |
| Taxi 1hour Waiting (Normal Tariff) | 34.00 $ | 20.00 $ | -41.2 % |
| Gasoline (1 gallon) | 3.86 $ | 3.23 $ | -16.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 31,500.00 $ | 33,000.00 $ | +4.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 27,469.93 $ | 27,344.38 $ | -0.5 % |
Utilities (Monthly) | New York, NY Edit |
Memphis, TN Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 176.78 $ | 238.43 $ | +34.9 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 66.45 $ | 54.50 $ | -18.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 70.88 $ | 72.43 $ | +2.2 % |
Sports And Leisure | New York, NY Edit |
Memphis, TN Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 140.00 $ | 30.00 $ | -78.6 % |
| Tennis Court Rent (1 Hour on Weekend) | 77.86 $ | 18.00 $ | -76.9 % |
| Cinema, International Release, 1 Seat | 20.00 $ | 13.00 $ | -35.0 % |
Childcare | New York, NY Edit |
Memphis, TN Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 3,096.67 $ | 1,436.67 $ | -53.6 % |
| International Primary School, Yearly for 1 Child | 57,600.00 $ | 27,240.00 $ | -52.7 % |
Clothing And Shoes | New York, NY Edit |
Memphis, TN Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 71.83 $ | 46.74 $ | -34.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 48.24 $ | 33.75 $ | -30.0 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 98.90 $ | 79.71 $ | -19.4 % |
| 1 Pair of Men Leather Business Shoes | 165.41 $ | 152.80 $ | -7.6 % |
Rent Per Month | New York, NY Edit |
Memphis, TN Edit | |
| Apartment (1 bedroom) in City Centre | 4,328.21 $ | 1,024.00 $ | -76.3 % |
| Apartment (1 bedroom) Outside of Centre | 2,861.97 $ | 1,018.75 $ | -64.4 % |
| Apartment (3 bedrooms) in City Centre | 8,565.00 $ | 1,755.50 $ | -79.5 % |
| Apartment (3 bedrooms) Outside of Centre | 4,551.11 $ | 1,691.82 $ | -62.8 % |
Buy Apartment Price | New York, NY Edit |
Memphis, TN Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 1,569.57 $ | 126.83 $ | -91.9 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 1,142.75 $ | 126.83 $ | -88.9 % |
Salaries And Financing | New York, NY Edit |
Memphis, TN Edit | |
| Average Monthly Net Salary (After Tax) | 5,723.89 $ | 3,706.29 $ | -35.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.72 | 6.58 | -2.1 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 502 | 33 |
Moving to New York, NY? Explore:
Moving to Memphis, TN? Explore:
Cities near New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Parsippany-Troy Hills, New Jersey | 30.18 miles |
Cities near Memphis, TN: | Cost of Living in Blytheville, Arkansas | 67.90 miles |
| Cost of Living in Tupelo, Mississippi | 104.45 miles |
| Cost of Living in Portageville, Missouri | 107.90 miles |
| Cost of Living in Little Rock, Arkansas | 137.49 miles |
| Cost of Living in Arlington, Kentucky | 148.07 miles |
| Cost of Living in Melbourne, Arkansas | 158.42 miles |
| Cost of Living in West Plains, Missouri | 174.97 miles |
| Cost of Living in Jackson, Mississippi | 209.55 miles |
| Cost of Living in Nashville, Tennessee | 209.61 miles |
| Cost of Living in Huntsville, Alabama | 214.05 miles |