Davenport vs Memphis

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Davenport has the same purchasing power as $75,904 in Memphis.

Conversely, $75,000 in Memphis equals $74,107 in Davenport.

Living in Davenport vs Memphis

Housing Costs

Davenport's housing index of 60 is lower Memphis's 63, translating to median home prices of $212,000 vs $155,000. The $57,000 difference in home prices means roughly $3,708 per year in additional mortgage costs at current rates. Renters face a similar gap: $900/mo in Davenport compared to $1,000/mo in Memphis, a monthly difference of $100.

Grocery & Food Costs

Grocery expenses index at 97 in Davenport and 93 in Memphis. A household spending the national average of $475/month on groceries would pay approximately $461/month in Davenport vs $442/month in Memphis. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 83 in Davenport and 88 in Memphis. Monthly utility bills average approximately $332 in Davenport vs $352 in Memphis. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 97 in Davenport and 92 in Memphis. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.

Income & Purchasing Power

Median household income is $66,200 in Davenport and $41,228 in Memphis. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $79,759 and $49,081 respectively. Davenport residents enjoy stronger real purchasing power despite higher nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,545/month to housing in Davenport vs $962/month in Memphis. In Davenport, median rent of $900/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 Transportation, where the gap is 7 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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