Glasgow Village, MO vs Memphis, MO

There is a significant gap in the cost of living between these two cities. Memphis is 28.7% cheaper than Glasgow Village. With a cost index of 57 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to Glasgow Village should plan for substantially higher expenses across most categories.

On the housing front, median rent in Glasgow Village is $1,113/month compared to $491/month in Memphis — a 127% difference. Interestingly, home values tell a different story: while Memphis has cheaper rent, Glasgow Village actually has lower median home values ($69,600 vs $117,200).

Median household income in Glasgow Village is $38,571 compared to $49,598 in Memphis (-22.2%). Memphis offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Glasgow Village spend roughly 34.6% of their income on rent, more than the 11.9% in Memphis. The Memphis ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.