Cost of Living: Memphis, TN vs Newport News, VA
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 $4,181/mo in Newport News, VA. In the model, rent is about 16.37% of gross in Memphis, TN versus 18.72% in Newport News, VA, so Memphis, TN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Memphis, TN and Newport News, VA.
At a glance
- Cheaper overall (lower cost-of-living index): Memphis, TN
- Lower rent (median 1BR/2BR): Memphis, TN
- Lower home prices: Memphis, TN
- Higher median household income: Newport News, VA
Cost of Living Index
Memphis, TN: 82.5 (U.S. = 100) · Newport News, VA: 88.2 (U.S. = 100)
Memphis, TN has a lower cost-of-living index than Newport News, VA, so a given salary generally stretches further there.
Median Rent
Memphis, TN: $1,067/mo (midpoint of 1BR/2BR) · Newport News, VA: $1,221/mo
Median rent in Newport News, VA is $154/mo higher than in Memphis, TN.
Median Home Price
Memphis, TN: $157,100 · Newport News, VA: $243,300
Median home price in Newport News, VA is $86,200 higher than in Memphis, TN.
Median Household Income
Memphis, TN: $51,211 · Newport News, VA: $66,718
Newport News, VA has a higher median household income than Memphis, TN by $15,507.
Memphis, TN overview · Newport News, VA overview · Popular comparisons