Cost of Living: Memphis, TN vs Jackson, MO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Memphis | Jackson |
|---|---|---|
| Housing Index | 87.5 | 90.0 |
| Median Home Price | $185,000 | $210,000 |
| Average Rent (2 BR Apartment) | $1200 | $1000 |
| Average Rent (2 BR House) | $1256 | $880 |
Housing Comparison: Memphis vs Jackson
- The median home price in Jackson is higher at $210,000, compared to $185,000 in Memphis.
- Renting a two-bedroom apartment costs more in Memphis at $1,200 than in Jackson at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Memphis | Jackson |
|---|---|---|
| Electricity Price | $12.57 | $14.64 |
| Natural Gas Price | $12.35 | $23.25 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Memphis vs Jackson
- Jackson has higher electricity costs at $14.64 per kWh, versus $12.57 in Memphis.
- Jackson experiences higher natural gas costs at $23.25 per unit, with costs at $12.35 in Memphis.
- Jackson has higher utility expenses, averaging $250, while Memphis averages $200.