Carthage, TX vs Memphis, TX

There is a significant gap in the cost of living between these two cities. Memphis is 17.9% cheaper than Carthage. With a cost index of 58 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to Carthage should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carthage is $737/month compared to $608/month in Memphis — a 21% difference. Home values follow the same pattern: Memphis is more affordable at $74,700 median vs $153,100.

Median household income in Carthage is $44,738 compared to $46,567 in Memphis (-3.9%). Memphis offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Carthage spend roughly 19.8% of their income on rent, more than the 15.7% in Memphis.