Lagrange, IN vs Memphis, IN

There is a significant gap in the cost of living between these two cities. Lagrange is 24.9% cheaper than Memphis. With a cost index of 66 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lagrange to Memphis should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lagrange is $752/month compared to $1,173/month in Memphis — a 36% difference. Home values follow the same pattern: Lagrange is more affordable at $124,000 median vs $233,600.

Median household income in Lagrange is $51,786 compared to $116,852 in Memphis (-55.7%). 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 Lagrange spend roughly 17.4% of their income on rent, more than the 12% in Memphis.