Alba, MO vs Memphis, MO

Memphis is moderately more affordable than Alba, with a 10.6% lower cost of living index. Alba scores 63 compared to 57 for Memphis, where the US average is 100. This difference means residents of Alba can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Alba is $843/month compared to $491/month in Memphis — a 72% difference. Interestingly, home values tell a different story: while Memphis has cheaper rent, Alba actually has lower median home values ($87,000 vs $117,200).

Median household income in Alba is $50,662 compared to $49,598 in Memphis (+2.1%). Alba does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Alba spend roughly 20% of their income on rent, more than the 11.9% in Memphis.