Lewisville, IN vs Memphis, IN

There is a significant gap in the cost of living between these two cities. Lewisville is 22.9% cheaper than Memphis. With a cost index of 67 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lewisville to Memphis should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lewisville is $871/month compared to $1,173/month in Memphis — a 26% difference. Home values follow the same pattern: Lewisville is more affordable at $101,600 median vs $233,600.

Median household income in Lewisville is $52,143 compared to $116,852 in Memphis (-55.4%). 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 Lewisville spend roughly 20% of their income on rent, more than the 12% in Memphis.