Centerville, IN vs Memphis, IN

There is a significant gap in the cost of living between these two cities. Centerville is 22.4% cheaper than Memphis. With a cost index of 68 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Centerville to Memphis should plan for substantially higher expenses across most categories.

On the housing front, median rent in Centerville is $799/month compared to $1,173/month in Memphis — a 32% difference. Home values follow the same pattern: Centerville is more affordable at $133,200 median vs $233,600.

Median household income in Centerville is $50,724 compared to $116,852 in Memphis (-56.6%). While Memphis is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Centerville spend roughly 18.9% of their income on rent, more than the 12% in Memphis.