Cost of Living: Memphis, TN vs Montgomery, AL
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 $4,224/mo in Montgomery, AL. In the model, rent is about 16.37% of gross in Memphis, TN versus 15.43% in Montgomery, AL, so Montgomery, AL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Memphis, TN and Montgomery, AL.
At a glance
- Cheaper overall (lower cost-of-living index): Memphis, TN
- Lower rent (median 1BR/2BR): Montgomery, AL
- Lower home prices: Montgomery, AL
- Higher median household income: Montgomery, AL
Cost of Living Index
Memphis, TN: 82.5 (U.S. = 100) · Montgomery, AL: 83.2 (U.S. = 100)
Memphis, TN has a lower cost-of-living index than Montgomery, AL, so a given salary generally stretches further there.
Median Rent
Memphis, TN: $1,067/mo (midpoint of 1BR/2BR) · Montgomery, AL: $1,006/mo
Median rent in Memphis, TN is $61/mo higher than in Montgomery, AL.
Median Home Price
Memphis, TN: $157,100 · Montgomery, AL: $148,500
Median home price in Memphis, TN is $8,600 higher than in Montgomery, AL.
Median Household Income
Memphis, TN: $51,211 · Montgomery, AL: $55,687
Montgomery, AL has a higher median household income than Memphis, TN by $4,476.
Memphis, TN overview · Montgomery, AL overview · Popular comparisons