Casper vs Memphis
Cost of Living Comparison · 2026 Data
Casper
Memphis
💡 The Verdict
Memphis is 5% cheaper than Casper overall. A $75,000 salary in Casper is equivalent to $71,591 in Memphis.
Category-by-Category Breakdown
Index values for Casper (left) vs Memphis (right). National average = 100.
Detailed Price Comparison
Estimated item-level prices in Casper versus Memphis. Differences shown from Casper perspective.
| Item | Casper | Memphis | Difference |
|---|---|---|---|
| 1-Bed Rent | $890/mo | $720/mo | +$170.00 |
| 2-Bed Rent | $1,240/mo | $1,000/mo | +$240.00 |
| 3-Bed Rent | $1,720/mo | $1,300/mo | +$420.00 |
| Bread (loaf) | $2.62 | $2.40 | +$0.22 |
| Milk (gallon) | $3.63 | $3.74 | $-0.11 |
| Eggs (dozen) | $2.59 | $3.05 | $-0.46 |
| Coffee (latte) | $5.07 | $5.47 | $-0.40 |
| Gas (gallon) | $2.94 | $3.29 | $-0.35 |
| Restaurant Meal | $15.26 | $13.90 | +$1.36 |
💰 Salary Equivalence
A $75,000 salary in Casper has the same purchasing power as $71,591 in Memphis.
Conversely, $75,000 in Memphis equals $78,571 in Casper.
💼 Take-Home Pay Comparison
Estimated annual take-home pay on a $75,000 salary after federal, FICA, and state income taxes.
Both states have similar effective tax rates on this salary level. Wyoming details → · Tennessee details →
Reading These Numbers: Casper (88) vs Memphis (84)
Casper at 88 is 12% below the US average, while Memphis at 84 is 16% below average. The cost difference between these cities is relatively modest.
In Casper, the composite index of 88 reflects a weighted calculation where housing carries the most influence at 97, followed by groceries (90), utilities (86), transportation (82), and healthcare (83). Costs are fairly balanced across categories.
For renters: With median rents of $1,240/mo in Casper and $1,000/mo in Memphis, the annual rent difference is approximately $2,880.0. Over a 5-year period, that compounds to $14,400.0 in savings by choosing the more affordable city.
For homebuyers: The $164,000.0 difference in median home prices between Casper and Memphis translates to meaningful differences in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
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Making Your Decision: Casper vs Memphis
Choosing between Casper and Memphis involves more than just comparing index numbers. Consider how each category aligns with your personal spending patterns. If you work from home, transportation costs matter less than housing and utilities. If you eat out frequently, the groceries index may understate your actual food spending — look at the restaurant meal prices in the detailed comparison table above instead.
The cost gap between Casper and Memphis reflects thousands of individual pricing differences across housing markets, grocery chains, utility providers, and healthcare networks. No two households experience the same effective cost of living even in the same city, which is why the category breakdown matters more than the headline number. Adjust the lifestyle weighting sliders above to see how your spending priorities shift the comparison between these specific metros.