Memphis vs Irvine

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Tennessee salaries · California salaries

Living in Memphis vs Irvine

Housing is typically the biggest factor in any cost-of-living comparison. Memphis has a housing index of 63 while Irvine sits at 294 (national average = 100). The median home in Memphis costs $155,000 compared to $1,050,000 in Irvine, a difference of $895,000. Monthly rent follows a similar pattern: $1,000 in Memphis versus $3,000 in Irvine.

Groceries and everyday expenses show a notable difference: Memphis scores 93 while Irvine scores 108.

Healthcare costs in Memphis (92) are lower than Irvine (109).

Median household income in Memphis is $41,228 compared to $108,038 in Irvine. When adjusted for cost of living, income goes further in Memphis.

Relocating: Memphis vs Irvine

If you are considering a move between Memphis (index: 84) and Irvine (index: 178), the 53% cost difference has real implications for your budget. Memphis is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Memphis can afford $962/month, while the median household in Irvine can afford $2,521/month. With median homes at $155,000 in Memphis versus $1,050,000 in Irvine, the higher-cost city presents significant affordability challenges.

Renting vs buying: At $1,000/month in Memphis and $3,000/month in Irvine, renters save significantly in Memphis. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Memphis where costs are 16% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Memphis (84) vs Irvine (178)

The cost of living index uses 100 as the national average. Memphis at 84 is 16% below the US average, while Irvine at 178 is 78% above average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.

The 94-point spread between Irvine (178) and Memphis (84) is large enough to reshape a household budget entirely, especially for single-income families. The biggest category divergence is housing, where Memphis scores 63 and Irvine scores 294. That 231-point gap is the primary driver of the overall cost difference between these two metros. Housing, the largest line item for most households, favors Memphis with indices of 63 versus 294. Median home prices of $155,000 in Memphis and $1,050,000 in Irvine underscore this gap.

For renters: With median rents of $1,000/month in Memphis and $3,000/month in Irvine, the annual rent difference is approximately $24,000. Over a 5-year period, that compounds to $120,000 in savings by choosing the more affordable city.

For homebuyers: The $895,000 difference in median home prices between Memphis and Irvine translates to roughly $53,700 per month 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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