Hawk Point, MO vs Memphis, MO

There is a significant gap in the cost of living between these two cities. Memphis is 26.1% cheaper than Hawk Point. With a cost index of 57 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to Hawk Point should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hawk Point is $935/month compared to $491/month in Memphis — a 90% difference. Home values follow the same pattern: Memphis is more affordable at $117,200 median vs $117,500.

Median household income in Hawk Point is $49,205 compared to $49,598 in Memphis (-0.8%). 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 Hawk Point spend roughly 22.8% of their income on rent, more than the 11.9% in Memphis.