Jacksonville vs Memphis

Memphis is cheaper to live in overall. Jacksonville has a cost of living index of 95 while Memphis has an index of 83, where 100 represents the US national average. Memphis is 13% cheaper than Jacksonville overall.

The median 1-bedroom rent in Jacksonville is $1,500 per month compared to $1,050 in Memphis. The median home price in Jacksonville is $290,000 versus $175,000 in Memphis. Housing is typically the largest factor in cost of living differences between cities.

Jacksonville has a cost of living index of 95 and Memphis has an index of 83, both measured against a US national average of 100. An index above 100 means more expensive than the national average — below 100 means cheaper.

To maintain the same purchasing power as a salary in Jacksonville, multiply by 0.87. For example a $75,000 salary in Jacksonville is equivalent to approximately $65,526 in Memphis.

Jacksonville has a median household income of $56,763 per year versus $42,982 in Memphis. Higher incomes must be weighed against cost of living. Use the Dayblip salary tools to see specific job salaries in both cities.

Whether moving from Jacksonville to Memphis is worthwhile depends on your salary, lifestyle, and priorities. Memphis is 13% cheaper overall — with the biggest difference in housing. Use the Dayblip cost of living calculator to enter your specific salary and see the exact dollar impact.