According to the most recent data on the cost of living, Memphis has an overall cost of living index of 93 which is 0.9x lower than the national index of 100.
Compared to only Florida, Memphis has a cost of living index that's 0.9x lower than Florida's index of 98.
The standard of living in Memphis ranks as #2,137 most affordable out of the 6,418 places we measured in Florida. By definition, that implies Memphis ranks as the #4,282 most expensive place in the Sunshine State.
|Living Expense||Memphis||Florida||National Average|
Housing swings affordability the most between places in Florida, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Memphis|
|St. Petersburg, FL||264,001||95||1.0x|
|South Bradenton, FL||24,885||84||0.9x|
|Apollo Beach, FL||23,487||107||1.2x|
|Bayshore Gardens, FL||20,380||87||0.9x|
|Sarasota Springs, FL||13,053||101||1.1x|