Memphis and Mobile have a similar cost of living.
When comparing Memphis, TN and Mobile, AL, the overall cost of living indices are 68 and 66 respectively (national median = 100). Rent is $94/month cheaper in Mobile, saving renters about $1,128/year.
Median household income is $121/year higher in Memphis. Home values also differ significantly — the median in Memphis is $157,100 compared to $170,300 in Mobile.
Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Alabama's 5.0% rate.
Memphis vs Mobile — common questions
Other cost of living comparisons for Memphis and Mobile