Memphis, MO vs Waynesville, MO

There is a significant gap in the cost of living between these two cities. Memphis is 25.7% cheaper than Waynesville. With a cost index of 57 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Memphis to Waynesville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Memphis is $491/month compared to $899/month in Waynesville — a 45% difference. Home values follow the same pattern: Memphis is more affordable at $117,200 median vs $204,100.

Median household income in Memphis is $49,598 compared to $75,179 in Waynesville (-34%). While Waynesville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Memphis spend roughly 11.9% of their income on rent, less than the 14.3% in Waynesville.