Loading
Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Lexington looks like a financial upgrade — better income-to-cost ratio.
Lexington has a cost index of 98 vs 86 for Memphis. Lexington is 12 points more expensive overall. Monthly rent goes from $1,234 to $1,487 (+21%).
If you earn the Memphis median of $51,211, you would need approximately $58,357/year in Lexington to maintain equivalent purchasing power, based on the cost index difference of 12 points (14%).
Median rent in Memphis is $1,234/month. In Lexington it is $1,487/month — a difference of +$253 per month, or $3,036 per year.
Moving to Lexington looks like a financial upgrade — better income-to-cost ratio. The salary equivalent to maintain your current lifestyle is $58,357/year in Lexington. The median income there is $67,631.
Estimated monthly essentials total $2,900 in Memphis vs $3,370 in Lexington — a difference of +$470/month (+$5,640/year).
The median home price in Lexington is $322,743 vs $142,870 in Memphis. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $1,632 in Lexington vs $722 in Memphis.