Cost of Living Comparison Between Charlotte, NC and Memphis, TN 
| Indices Difference |  |
|---|---|
| Consumer Prices in Memphis, TN are 15.9% lower than in Charlotte, NC (without rent) | |
| Consumer Prices Including Rent in Memphis, TN are 29.9% lower than in Charlotte, NC | |
| Rent Prices in Memphis, TN are 51.0% lower than in Charlotte, NC | |
| Restaurant Prices in Memphis, TN are 14.1% lower than in Charlotte, NC | |
| Groceries Prices in Memphis, TN are 17.5% lower than in Charlotte, NC | |
| Local Purchasing Power in Memphis, TN is 11.8% higher than in Charlotte, NC | |
Restaurants | Charlotte, NC Edit |
Memphis, TN Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant | 18.00 $ | 15.50 $ | -13.9 % |
| Meal for 2 People, Mid-range Restaurant, Three-course | 80.00 $ | 65.00 $ | -18.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) | 11.00 $ | 9.00 $ | -18.2 % |
| Domestic Beer (1 pint draught) | 6.00 $ | 5.00 $ | -16.7 % |
| Imported Beer (12 oz small bottle) | 7.12 $ | 8.00 $ | +12.3 % |
| Cappuccino (regular) | 4.98 $ | 4.67 $ | -6.3 % |
| Coke/Pepsi (12 oz small bottle) | 2.46 $ | 2.12 $ | -13.8 % |
| Water (12 oz small bottle) | 1.99 $ | 1.87 $ | -6.1 % |
Markets | Charlotte, NC Edit |
Memphis, TN Edit | |
| Milk (regular), (1 gallon) | 3.98 $ | 3.82 $ | -3.9 % |
| Loaf of Fresh White Bread (1 lb) | 3.46 $ | 2.19 $ | -36.6 % |
| Rice (white), (1 lb) | 2.40 $ | 1.76 $ | -26.5 % |
| Eggs (regular) (12) | 3.94 $ | 4.33 $ | +9.8 % |
| Local Cheese (1 lb) | 5.68 $ | 4.65 $ | -18.1 % |
| Chicken Fillets (1 lb) | 6.38 $ | 4.74 $ | -25.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 10.05 $ | 7.66 $ | -23.7 % |
| Apples (1 lb) | 3.13 $ | 2.21 $ | -29.4 % |
| Banana (1 lb) | 0.76 $ | 0.78 $ | +2.6 % |
| Oranges (1 lb) | 2.82 $ | 1.71 $ | -39.4 % |
| Tomato (1 lb) | 2.09 $ | 2.18 $ | +4.5 % |
| Potato (1 lb) | 1.58 $ | 1.88 $ | +19.2 % |
| Onion (1 lb) | 1.56 $ | 1.39 $ | -11.0 % |
| Lettuce (1 head) | 1.80 $ | 2.24 $ | +24.5 % |
| Water (1.5 liter bottle) | 1.90 $ | 1.89 $ | -0.5 % |
| Bottle of Wine (Mid-Range) | 15.00 $ | 14.50 $ | -3.3 % |
| Domestic Beer (0.5 liter bottle) | 1.73 $ | 1.73 $ | -0.2 % |
| Imported Beer (12 oz small bottle) | 3.88 $ | 1.88 $ | -51.6 % |
| Cigarettes 20 Pack (Marlboro) | 8.00 $ | 8.00 $ | 0.0 % |
Transportation | Charlotte, NC Edit |
Memphis, TN Edit | |
| One-way Ticket (Local Transport) | 2.25 $ | 1.25 $ | -44.4 % |
| Monthly Pass (Regular Price) | 120.00 $ | 12.50 $ | -89.6 % |
| Taxi Start (Normal Tariff) | 5.00 $ | 2.00 $ | -60.0 % |
| Taxi 1 mile (Normal Tariff) | 8.00 $ | 2.20 $ | -72.5 % |
| Taxi 1hour Waiting (Normal Tariff) | 36.50 $ | 20.00 $ | -45.2 % |
| Gasoline (1 gallon) | 3.22 $ | 3.23 $ | +0.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 34,000.00 $ | 33,000.00 $ | -2.9 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 24,893.65 $ | 27,344.38 $ | +9.8 % |
Utilities (Monthly) | Charlotte, NC Edit |
Memphis, TN Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 180.95 $ | 238.43 $ | +31.8 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 44.71 $ | 54.50 $ | +21.9 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 72.78 $ | 72.43 $ | -0.5 % |
Sports And Leisure | Charlotte, NC Edit |
Memphis, TN Edit | |
| Fitness Club, Monthly Fee for 1 Adult | 29.80 $ | 30.00 $ | +0.7 % |
| Tennis Court Rent (1 Hour on Weekend) | 20.00 $ | 18.00 $ | -10.0 % |
| Cinema, International Release, 1 Seat | 15.00 $ | 13.00 $ | -13.3 % |
Childcare | Charlotte, NC Edit |
Memphis, TN Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,455.50 $ | 1,436.67 $ | -1.3 % |
| International Primary School, Yearly for 1 Child | 26,280.00 $ | 27,240.00 $ | +3.7 % |
Clothing And Shoes | Charlotte, NC Edit |
Memphis, TN Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) | 59.81 $ | 46.74 $ | -21.8 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 46.80 $ | 33.75 $ | -27.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) | 107.30 $ | 79.71 $ | -25.7 % |
| 1 Pair of Men Leather Business Shoes | 129.87 $ | 152.80 $ | +17.7 % |
Rent Per Month | Charlotte, NC Edit |
Memphis, TN Edit | |
| Apartment (1 bedroom) in City Centre | 2,016.67 $ | 1,024.00 $ | -49.2 % |
| Apartment (1 bedroom) Outside of Centre | 1,816.55 $ | 1,018.75 $ | -43.9 % |
| Apartment (3 bedrooms) in City Centre | 4,474.00 $ | 1,728.33 $ | -61.4 % |
| Apartment (3 bedrooms) Outside of Centre | 2,783.85 $ | 1,661.00 $ | -40.3 % |
Buy Apartment Price | Charlotte, NC Edit |
Memphis, TN Edit | |
| Price per Square Feet to Buy Apartment in City Centre | 409.18 $ | 126.83 $ | -69.0 % |
| Price per Square Feet to Buy Apartment Outside of Centre | 257.26 $ | 126.83 $ | -50.7 % |
Salaries And Financing | Charlotte, NC Edit |
Memphis, TN Edit | |
| Average Monthly Net Salary (After Tax) | 4,729.38 $ | 3,706.29 $ | -21.6 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.45 | 6.58 | +2.0 % |
| Last update: | April 2024 | March 2024 | |
| Contributors in the past 12 months: | 80 | 30 |
Moving to Charlotte, NC? Explore:
Moving to Memphis, TN? Explore:
Cities near Charlotte, NC: | Cost of Living in Winston-Salem, North Carolina | 79.19 miles |
| Cost of Living in Greensboro, North Carolina | 92.61 miles |
| Cost of Living in Columbia, South Carolina | 93.12 miles |
| Cost of Living in Greenville, South Carolina | 100.97 miles |
| Cost of Living in Asheville, North Carolina | 129.34 miles |
| Cost of Living in Hope Mills, North Carolina | 134.77 miles |
| Cost of Living in Raleigh, North Carolina | 140.85 miles |
| Cost of Living in Durham, North Carolina | 142.98 miles |
| Cost of Living in Goose Creek, South Carolina | 194.86 miles |
| Cost of Living in Roanoke, Virginia | 196.51 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 |