Cost of Living: Memphis, TN vs Little Rock, AR
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Memphis, TN versus $4,230/mo in Little Rock, AR. In the model, rent is about 16.37% of gross in Memphis, TN versus 14.98% in Little Rock, AR, so Little Rock, AR tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Memphis, TN and Little Rock, AR.
At a glance
- Cheaper overall (lower cost-of-living index): Memphis, TN
- Lower rent (median 1BR/2BR): Little Rock, AR
- Lower home prices: Memphis, TN
- Higher median household income: Little Rock, AR
Cost of Living Index
Memphis, TN: 82.5 (U.S. = 100) · Little Rock, AR: 84.4 (U.S. = 100)
Memphis, TN has a lower cost-of-living index than Little Rock, AR, so a given salary generally stretches further there.
Median Rent
Memphis, TN: $1,067/mo (midpoint of 1BR/2BR) · Little Rock, AR: $977/mo
Median rent in Memphis, TN is $90/mo higher than in Little Rock, AR.
Median Home Price
Memphis, TN: $157,100 · Little Rock, AR: $169,500
Median home price in Little Rock, AR is $12,400 higher than in Memphis, TN.
Median Household Income
Memphis, TN: $51,211 · Little Rock, AR: $51,236
Little Rock, AR has a higher median household income than Memphis, TN by $25.
Memphis, TN overview · Little Rock, AR overview · Popular comparisons