Side-by-side cost of living comparison for 2026
57% cheaper
Memphis is 57% more affordable than Brooklyn. A $75,000 salary in Brooklyn is equivalent to $32,308 in Memphis.
Index values shown. National average = 100. Lower is cheaper.
To maintain the same standard of living:
See exact take-home pay: New York salaries · Tennessee salaries
Housing is typically the biggest factor in any cost-of-living comparison. Brooklyn has a housing index of 325 while Memphis sits at 63 (national average = 100). The median home in Brooklyn costs $780,000 compared to $155,000 in Memphis, a difference of $625,000. Monthly rent follows a similar pattern: $2,900 in Brooklyn versus $1,000 in Memphis.
Groceries and everyday expenses show a notable difference: Brooklyn scores 108 while Memphis scores 93.
Healthcare costs in Brooklyn (108) are higher than Memphis (92).
Median household income in Brooklyn is $65,294 compared to $41,228 in Memphis. When adjusted for cost of living, income goes further in Memphis.
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