Memphis, MO vs Savannah, MO

There is a significant gap in the cost of living between these two cities. Memphis is 16.6% cheaper than Savannah. With a cost index of 57 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to Savannah should plan for substantially higher expenses across most categories.

On the housing front, median rent in Memphis is $491/month compared to $835/month in Savannah — a 41% difference. Home values follow the same pattern: Memphis is more affordable at $117,200 median vs $143,100.

Median household income in Memphis is $49,598 compared to $58,983 in Savannah (-15.9%). The higher salaries in Savannah partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Memphis spend roughly 11.9% of their income on rent, less than the 17% in Savannah.