Memphis, IN vs Spencerville, IN

Memphis, IN and Spencerville, IN have a very similar cost of living, with only a 3.7% difference in their overall index. Memphis scores 87 while Spencerville scores 84 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

When it comes to buying, median home values in Memphis are $233,600 compared to $141,700 in Spencerville, a 65% gap.

Median household income in Memphis is $116,852 compared to $43,542 in Spencerville (+168.4%). While Memphis is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.