Providence, RI vs Memphis, TN
Moving from Providence to Memphis? Here's what changes — from your equivalent salary to housing ($524,867 → $247,229 median home) and taxes.
Providence vs Memphis at a glance
Bars scaled to the range across all 200 metros; labels show actual values.
To keep the same standard of living as $100,000 in Providence, RI, you'd need about $90,578 in Memphis, TN (−$9,422).
Livability — Providence, RI: 58 · Memphis, TN: 70 (0–100).
What your home budget buys
A $500,000 home budget gets you about 1,524 sqft in Providence vs 4,045 sqft in Memphis ($328 vs $124 per sqft).
Annual cost breakdown (at $100,000)
| Category | Providence, RI | Memphis, TN | Difference |
|---|---|---|---|
| Housing | $25,956 | $17,292 | −$8,664 |
| Groceries | $4,922 | $4,715 | −$206 |
| Transportation | $3,875 | $3,130 | −$745 |
| Utilities | $3,060 | $1,608 | −$1,452 |
| Insurance | $1,700 | $2,200 | +$500 |
| Taxes | $13,121 | $5,158 | −$7,963 |
| Total | $52,634 | $34,103 | −$18,531 |
Side by side
| Metric | Providence, RI | Memphis, TN |
|---|---|---|
| Cost-of-living index | 101.5 | 91.9 |
| Unemployment rate | 5.82% | 6.84% |
| Population growth (5-yr) | 3.6% | -0.6% |
| Air quality (median AQI) | 42 | 42 |
| Big Mac price (est.) | $5.78 | $5.23 |
| Median home price | $524,867 | $247,229 |
| Home price ÷ income | 6.5× | 4.0× |
| 1-yr home appreciation | 3.1% | 0.1% |
| Price per square foot | $328 | $124 |
| Median rent | $2,163 | $1,441 |
| Total tax burden (% income) | 11.4% | 7.6% |
| Combined sales tax | 7.00% | 9.55% |
| Capital gains tax | 5.99% | None |
| Property tax rate | 1.31% | 0.87% |
| Healthcare (annual) | $7,600 | $6,300 |
| Childcare (annual, infant) | $13,000 | $9,000 |
| Vehicle property tax | None | None |
| Avg commute (min) | 26 | 24 |
| Home insurance / yr | $1,700 | $2,200 |
| Auto insurance / yr | $2,100 | $1,600 |
| Flood insurance / yr | $900 | $700 |
| Earthquake insurance / yr | $100 | $350 |
| Electricity ¢/kWh | 28.3 | 14.9 |
| Gas $/gal | 3.35 | 2.95 |
| Natural gas / mo | $92 | $62 |
| Water & sewer / mo | $80 | $121 |
| Home internet / mo | $67 | $80 |
| Violent crime /100k | 240 | 600 |
| Avg summer high °F | 82 | 89 |
| Avg winter low °F | 21 | 30 |
| Annual precipitation (in) | 47.5 | 54.9 |
| Annual snowfall (in) | 36.6 | 2.7 |
| Sunshine (% possible) | 56% | 64% |
| Permit difficulty (1–5) | 4 | 2 |