Claypool, IN vs Memphis, IN

There is a significant gap in the cost of living between these two cities. Claypool is 20.5% cheaper than Memphis. With a cost index of 69 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Claypool to Memphis should plan for substantially higher expenses across most categories.

On the housing front, median rent in Claypool is $950/month compared to $1,173/month in Memphis — a 19% difference. Home values follow the same pattern: Claypool is more affordable at $97,500 median vs $233,600.

Median household income in Claypool is $49,821 compared to $116,852 in Memphis (-57.4%). 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 Claypool spend roughly 22.9% of their income on rent, more than the 12% in Memphis.