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Memphis, IN vs Paxton, IN

87
Memphis
Indiana
VS
+9.4%
80
Paxton
Indiana

Paxton is moderately more affordable than Memphis, with a 9.4% lower cost of living index. Memphis scores 87 compared to 80 for Paxton, where the US average is 100. This difference means residents of Memphis can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Memphis are $233,600 compared to $87,900 in Paxton, a 166% gap.

Median household income in Memphis is $116,852 compared to $48,938 in Paxton (+138.8%). While Memphis is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Income & Cost

Cost of Living Index
Memphis
87
Paxton
80
9% cheaper
Median Household Income
Memphis
$116,852
58% higher
Paxton
$48,938

Housing

Median Rent
Memphis
$1,173
Paxton
Median Home Value
Memphis
$233,600
Paxton
$87,900
62% cheaper
Population
Memphis
928
Paxton
320

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Memphis $2.89
Paxton
US $3.07
🥚
Eggs (grade A, large)
Memphis $2.36
Paxton
US $2.50
🥛
Milk (whole)
Memphis $3.80
Paxton
US $4.03
🍞
Bread (white)
Memphis $1.75
Paxton
US $1.85
🍗
Chicken breast
Memphis $3.91
Paxton
US $4.14
Electricity
Memphis $0.15
Paxton
US $0.19