Caruthersville, MO vs Memphis, MO

There is a significant gap in the cost of living between these two cities. Memphis is 15.2% cheaper than Caruthersville. With a cost index of 57 vs 65, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to Caruthersville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Caruthersville is $771/month compared to $491/month in Memphis — a 57% difference. Home values follow the same pattern: Memphis is more affordable at $117,200 median vs $118,700.

Median household income in Caruthersville is $35,903 compared to $49,598 in Memphis (-27.6%). 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 Caruthersville spend roughly 25.8% of their income on rent, more than the 11.9% in Memphis.