Cost of Living Comparison Between Phoenix, AZ and Memphis, TN 

Indices DifferenceInfo
Cost of Living in Memphis, TN is 6.7% lower than in Phoenix, AZ (without rent)
Cost of Living Including Rent in Memphis, TN is 15.4% lower than in Phoenix, AZ
Rent Prices in Memphis, TN are 31.8% lower than in Phoenix, AZ
Restaurant Prices in Memphis, TN are 16.0% lower than in Phoenix, AZ
Groceries Prices in Memphis, TN are 0.6% higher than in Phoenix, AZ
Local Purchasing Power in Memphis, TN is 4.2% lower than in Phoenix, AZ
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Phoenix, AZ Edit Memphis, TN Edit Difference
Meal, Inexpensive Restaurant 19.99 $ 15.50 $      -22.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 $ 65.00 $      -18.8 %
McMeal at McDonalds (or Equivalent Combo Meal) 11.00 $ 10.00 $      -9.1 %
Domestic Beer (1 pint draught) 5.75 $ 6.00 $      +4.3 %
Imported Beer (12 oz small bottle) 6.50 $ 8.00 $      +23.1 %
Cappuccino (regular) 5.30 $ 4.75 $      -10.3 %
Coke/Pepsi (12 oz small bottle) 2.57 $ 2.10 $      -18.2 %
Water (12 oz small bottle) 1.95 $ 1.89 $      -2.9 %
Markets
Phoenix, AZ Edit Memphis, TN Edit
Milk (regular), (1 gallon) 3.43 $ 3.82 $      +11.6 %
Loaf of Fresh White Bread (1 lb) 3.34 $ 2.19 $      -34.3 %
Rice (white), (1 lb) 2.00 $ 1.76 $      -12.0 %
Eggs (regular) (12) 3.80 $ 4.33 $      +13.9 %
Local Cheese (1 lb) 4.91 $ 4.65 $      -5.3 %
Chicken Fillets (1 lb) 4.56 $ 4.74 $      +4.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.43 $ 7.66 $      +19.2 %
Apples (1 lb) 2.05 $ 2.21 $      +7.6 %
Banana (1 lb) 0.66 $ 0.78 $      +18.1 %
Oranges (1 lb) 1.84 $ 1.71 $      -6.9 %
Tomato (1 lb) 1.96 $ 2.18 $      +11.3 %
Potato (1 lb) 1.42 $ 1.88 $      +32.4 %
Onion (1 lb) 1.27 $ 1.39 $      +9.6 %
Lettuce (1 head) 1.85 $ 2.24 $      +21.0 %
Water (1.5 liter bottle) 2.43 $ 1.89 $      -22.4 %
Bottle of Wine (Mid-Range) 15.00 $ 14.50 $      -3.3 %
Domestic Beer (0.5 liter bottle) 2.09 $ 1.73 $      -17.5 %
Imported Beer (12 oz small bottle) 4.51 $ 1.88 $      -58.5 %
Cigarettes 20 Pack (Marlboro) 9.00 $ 8.00 $      -11.1 %
Transportation
Phoenix, AZ Edit Memphis, TN Edit
One-way Ticket (Local Transport) 2.00 $ 1.25 $      -37.5 %
Monthly Pass (Regular Price) 53.00 $ 12.50 $      -76.4 %
Taxi Start (Normal Tariff) 2.75 $ 2.00 $      -27.3 %
Taxi 1 mile (Normal Tariff) 2.20 $ 2.20 $      0.0 %
Taxi 1hour Waiting (Normal Tariff) 36.00 $ 20.00 $      -44.4 %
Gasoline (1 gallon) 4.05 $ 3.23 $      -20.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 $ 33,000.00 $      +10.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,595.23 $ 27,344.38 $      -0.9 %
Utilities (Monthly)
Phoenix, AZ Edit Memphis, TN Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 236.80 $ 238.43 $      +0.7 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 69.14 $ 54.50 $      -21.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 68.12 $ 72.43 $      +6.3 %
Sports And Leisure
Phoenix, AZ Edit Memphis, TN Edit
Fitness Club, Monthly Fee for 1 Adult 26.62 $ 30.00 $      +12.7 %
Tennis Court Rent (1 Hour on Weekend) 19.33 $ 18.00 $      -6.9 %
Cinema, International Release, 1 Seat 12.50 $ 13.00 $      +4.0 %
Childcare
Phoenix, AZ Edit Memphis, TN Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,142.86 $ 1,436.67 $      +25.7 %
International Primary School, Yearly for 1 Child 10,400.00 $ 27,240.00 $      +161.9 %
Clothing And Shoes
Phoenix, AZ Edit Memphis, TN Edit
1 Pair of Jeans (Levis 501 Or Similar) 46.67 $ 46.74 $      +0.2 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 39.44 $ 33.75 $      -14.4 %
1 Pair of Nike Running Shoes (Mid-Range) 86.32 $ 79.71 $      -7.6 %
1 Pair of Men Leather Business Shoes 109.63 $ 152.80 $      +39.4 %
Rent Per Month
Phoenix, AZ Edit Memphis, TN Edit
Apartment (1 bedroom) in City Centre 1,563.18 $ 1,024.00 $      -34.5 %
Apartment (1 bedroom) Outside of Centre 1,391.93 $ 1,018.75 $      -26.8 %
Apartment (3 bedrooms) in City Centre 2,677.23 $ 1,728.33 $      -35.4 %
Apartment (3 bedrooms) Outside of Centre 2,335.29 $ 1,661.00 $      -28.9 %
Buy Apartment Price
Phoenix, AZ Edit Memphis, TN Edit
Price per Square Feet to Buy Apartment in City Centre 319.48 $ 126.83 $      -60.3 %
Price per Square Feet to Buy Apartment Outside of Centre 268.51 $ 126.83 $      -52.8 %
Salaries And Financing
Phoenix, AZ Edit Memphis, TN Edit
Average Monthly Net Salary (After Tax) 4,572.55 $ 3,706.29 $      -18.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.53 6.58      +0.8 %
Last update: May 2024May 2024
Contributors in the past 12 months:15432