Corunna, MI vs Memphis, MI

Corunna is moderately more affordable than Memphis, with a 5.9% lower cost of living index. Corunna scores 71 compared to 75 for Memphis, where the US average is 100. This difference means residents of Memphis can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Corunna is $867/month compared to $832/month in Memphis — a 4% difference. Interestingly, home values tell a different story: while Memphis has cheaper rent, Corunna actually has lower median home values ($142,000 vs $190,400).

Median household income in Corunna is $47,420 compared to $60,884 in Memphis (-22.1%). 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 Corunna spend roughly 21.9% of their income on rent, more than the 16.4% in Memphis.