Alexandria vs Memphis
Cost of Living Comparison · 2026
Alexandria
Memphis
The Verdict
Memphis is 72.6% less expensive than Alexandria overall. A household earning $75,000 in Alexandria would need approximately $43,448 in Memphis to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Alexandria has the same purchasing power as $43,448 in Memphis.
Conversely, $75,000 in Memphis equals $129,464 in Alexandria.
Living in Alexandria vs Memphis
Housing Costs
Alexandria's housing index of 201 is higher Memphis's 63, translating to median home prices of $590,000 vs $155,000. The $435,000 difference in home prices means roughly $28,272 per year in additional mortgage costs at current rates. Renters face a similar gap: $2,125/mo in Alexandria compared to $1,000/mo in Memphis, a monthly difference of $1,125.
Grocery & Food Costs
Grocery expenses index at 113 in Alexandria and 93 in Memphis. A household spending the national average of $475/month on groceries would pay approximately $537/month in Alexandria vs $442/month in Memphis. Memphis offers a meaningful advantage on everyday food costs, saving roughly $1140/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 97 in Alexandria and 88 in Memphis. Monthly utility bills average approximately $388 in Alexandria vs $352 in Memphis. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 102 in Alexandria and 92 in Memphis. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 10-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $119,700 in Alexandria and $41,228 in Memphis. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $82,552 and $49,081 respectively. Alexandria residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,793/month to housing in Alexandria vs $962/month in Memphis. In Alexandria, median rent of $2,125/mo fits within this budget. In Memphis, median rent of $1,000/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Housing, where the gap is 138 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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