Memphis has the fourth lowest cost of living in the nation, according to the Council for Community and Economic Research. It falls just behind Harlingen, Texas, Norman Oklahoma, and Pueblo, Colorado.
“Memphis’ cost of living index was the lowest among all of the top 100 metropolitan areas in the United States, including cities like Jacksonville, Louisville, and Oklahoma City — all nearly the same size as the Memphis metro,“ said Adrienne Johnson, director of research for the Greater Memphis Chamber.
The cost of consumer goods and services, such as grocery bills, housing, utilities, transportation and healthcare, are factors in determining cost of living.
Mid-South city Jonesboro, Arkansas, which is located about 60 miles north of Memphis, came in at number nine on the list of least expensive cities.
Here’s the list of least expensive and most expensive cities.
Least Expensive:
1. Harlingen TX
2. Norman OK
3. Pueblo CO
4. Memphis TN
5. Youngstown-Warren OH
6. Temple TX
7. Omaha NE
8. Jonesboro AR
9. Sherman-Denison TX
10. Idaho Falls ID
Most Expensive:
1. New York (Manhattan )NY
2. Honolulu HI
3. New York (Brooklyn) NY
4. San Francisco CA
5. New York (Queens) NY
6. San Jose CA
7. Hilo HI
8. Stamford CT
9. Orange County CA
10. Washington DC
