Chesterfield, IN vs Memphis, IN

There is a significant gap in the cost of living between these two cities. Chesterfield is 19.2% cheaper than Memphis. With a cost index of 71 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chesterfield to Memphis should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chesterfield is $957/month compared to $1,173/month in Memphis — a 18% difference. Home values follow the same pattern: Chesterfield is more affordable at $102,300 median vs $233,600.

Median household income in Chesterfield is $58,125 compared to $116,852 in Memphis (-50.3%). 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 Chesterfield spend roughly 19.8% of their income on rent, more than the 12% in Memphis.