Ferry Pass, FL vs Memphis, FL

Ferry Pass, FL and Memphis, FL have a very similar cost of living, with only a 1.9% difference in their overall index. Ferry Pass scores 94 while Memphis scores 95 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ferry Pass is $1,322/month compared to $1,155/month in Memphis — a 15% difference. Interestingly, home values tell a different story: while Memphis has cheaper rent, Ferry Pass actually has lower median home values ($243,600 vs $292,200).

Median household income in Ferry Pass is $64,368 compared to $71,967 in Memphis (-10.6%). 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 Ferry Pass spend roughly 24.6% of their income on rent, more than the 19.3% in Memphis.