Josephville, MO vs Memphis, MO

The cost of living difference between Josephville, MO and Memphis, MO is dramatic. Memphis is 70% cheaper than Josephville, a gap that translates to thousands of dollars per year in household expenses. Josephville has a cost index of 96 while Memphis sits at 57, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Josephville is $778/month compared to $491/month in Memphis — a 59% difference. Home values follow the same pattern: Memphis is more affordable at $117,200 median vs $478,100.

Median household income in Josephville is $111,875 compared to $49,598 in Memphis (+125.6%). While Josephville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Josephville spend roughly 8.3% of their income on rent, less than the 11.9% in Memphis.