Lowell vs Memphis
Cost of Living Comparison · 2026 Data
Lowell
Memphis
💡 The Verdict
Memphis is 38% cheaper than Lowell overall. A $75,000 salary in Lowell is equivalent to $46,667 in Memphis.
Category-by-Category Breakdown
Index values for Lowell (left) vs Memphis (right). National average = 100.
Detailed Price Comparison
Estimated item-level prices in Lowell versus Memphis. Differences shown from Lowell perspective.
| Item | Lowell | Memphis | Difference |
|---|---|---|---|
| 1-Bed Rent | $1,280/mo | $720/mo | +$560.00 |
| 2-Bed Rent | $1,900/mo | $1,000/mo | +$900.00 |
| 3-Bed Rent | $2,460/mo | $1,300/mo | +$1160.00 |
| Bread (loaf) | $4.04 | $2.40 | +$1.64 |
| Milk (gallon) | $5.13 | $3.74 | +$1.39 |
| Eggs (dozen) | $4.50 | $3.05 | +$1.45 |
| Coffee (latte) | $7.35 | $5.47 | +$1.88 |
| Gas (gallon) | $3.88 | $3.29 | +$0.59 |
| Restaurant Meal | $20.26 | $13.90 | +$6.36 |
💰 Salary Equivalence
A $75,000 salary in Lowell has the same purchasing power as $46,667 in Memphis.
Conversely, $75,000 in Memphis equals $120,536 in Lowell.
💼 Take-Home Pay Comparison
Estimated annual take-home pay on a $75,000 salary after federal, FICA, and state income taxes.
The $3751 difference is driven by Massachusetts having a higher state income tax rate. Massachusetts details → · Tennessee details →
Reading These Numbers: Lowell (135) vs Memphis (84)
Lowell at 135 is 35% above the US average, while Memphis at 84 is 16% below average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.
In Lowell, the composite index of 135 reflects a weighted calculation where housing carries the most influence at 121, followed by groceries (134), utilities (126), transportation (131), and healthcare (131). Costs are fairly balanced across categories.
For renters: With median rents of $1,900/mo in Lowell and $1,000/mo in Memphis, the annual rent difference is approximately $10,800.0. Over a 5-year period, that compounds to $54,000.0 in savings by choosing the more affordable city.
For homebuyers: The $229,000.0 difference in median home prices between Lowell 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.
🔗 Related Tools
📚 Moving & Relocation Resources
Amazon affiliate links
CITY PROFILES
Making Your Decision: Lowell vs Memphis
Choosing between Lowell 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.
Beyond the numbers shown above, quality of life differences between Lowell and Memphis can meaningfully affect your financial picture in ways the index does not capture. Commute time translates to fuel costs and vehicle depreciation. Climate affects utility bills seasonally. Access to public parks and free cultural venues reduces entertainment spending. Consider these secondary financial effects alongside the direct cost comparisons when making your final decision.