Gentryville, IN vs Memphis, IN
There is a significant gap in the cost of living between these two cities. Gentryville is 27.7% cheaper than Memphis. With a cost index of 63 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gentryville to Memphis should plan for substantially higher expenses across most categories.
On the housing front, median rent in Gentryville is $744/month compared to $1,173/month in Memphis — a 37% difference. Home values follow the same pattern: Gentryville is more affordable at $110,400 median vs $233,600.
Median household income in Gentryville is $46,774 compared to $116,852 in Memphis (-60%). 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 Gentryville spend roughly 19.1% of their income on rent, more than the 12% in Memphis.
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