Memphis, MO vs Mount Olive, IL: Cost of Living

Which city costs less?

Mount Olive, IL has a modeled overall cost index 6.0% higher than Memphis, MO.

Memphis, MO · modeled 2BR rent
$890 / month
Mount Olive, IL · modeled 2BR rent
$920 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Memphis, MO and Mount Olive, IL using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

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Numbers update automatically as you type

Estimated extra cost: $293/month in Mount Olive, IL

$150,000 in your current city has a modeled equivalent of $153,517 in Mount Olive, IL

Regional cost estimates: Memphis, MO uses Des Moines, IA. Mount Olive, IL uses St. Louis, MO. Available city ZIP rent estimates are shown separately.
Overall Cost
↑ 6.0%
More expensive
Monthly Impact
$293
Extra cost
Annual Impact
$3.5K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Memphis, MO

Population:2K
Cost Index:
74.3
100 = national average
Typical Home:$111K

Mount Olive, IL

Population:2K
Cost Index:
78.8
100 = national average
Typical Home:$104K

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Memphis, MO

The Show-Me State

2K
Population
State Tax
Yes

Located in Missouri, this city has a population of 2K residents.

Mount Olive, IL

The Prairie State

2K
Population
State Tax
Yes

Located in Illinois, this city has a population of 2K residents.

Cost Breakdown by Category

Estimated monthly spending: Memphis, MO vs Mount Olive, IL

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Other
↑ 9.7%
Memphis, MO
$1,724
Mount Olive, IL
$1,892
Difference
$167
more
Healthcare
↓ 19.1%
Memphis, MO
$805
Mount Olive, IL
$652
Difference
$153
less
All Utilities
↑ 19.4%
Memphis, MO
$555
Mount Olive, IL
$662
Difference
$107
more
Groceries
↑ 9.3%
Memphis, MO
$1,074
Mount Olive, IL
$1,174
Difference
$100
more
Transportation
↑ 7.3%
Memphis, MO
$1,334
Mount Olive, IL
$1,431
Difference
$97.19
more
Housing
↓ 1.3%
Memphis, MO
$2,008
Mount Olive, IL
$1,982
Difference
$25.54
less

🏠Rent Comparison

Studio
From$660
To$690
↑ $30.00
1 Bed
From$710
To$700
↓ $10.00
2 Bed
From$890
To$920
↑ $30.00
3 Bed
From$1,230
To$1,140
↓ $90.00
Memphis, MOZIP-level data

1BR range: $710–$710/mo

Mount Olive, ILZIP-level data

1BR range: $700–$700/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Memphis, MO
$7,793
Monthly in Mount Olive, IL
$293
Difference

Home Values

Memphis
Mount Olive
$111K
Median Value
$104K
↓ -9.4%
YoY Change
↓ -6.9%
↑ +17.2%
5-Year Change
↑ +10.5%

Homes in Mount Olive are 7% less expensive than Memphis

Calculate payment - MemphisCalculate payment - Mount Olive

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $504
Per year
Monthly Difference
$42.00
More take-home
Effective Rate Diff
0.3%
Rate difference

Memphis, MO

Federal Income Tax
Effective: 18.9%
$25.5K
Missouri State Tax
Effective: 5.3%
$7.9K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.0%
$44.9K
Take-Home Pay
$8,755/month
$105.1K

Mount Olive, IL

Federal Income Tax
Effective: 18.9%
$25.5K
Illinois State Tax
Effective: 5.0%
$7.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,797/month
$105.6K

Additional Tax Information

Memphis, MO Tax Rates

Sales Tax:8.2%
Property Tax:1.0%

Mount Olive, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Memphis
Mount Olive
45 Good
Air Quality
54 Moderate
67.5%
Good Air Days
38%
92 Moderate
Climate Risk
99 High
🌡☀🌪
Top Hazards
🌊🌡🫨
▲+3.4°F
2050 Outlook
▲+3.0°F
25 days
Heat Days >95°F
39 days
▲+3.4°F
2050 Outlook
▲+3.0°F
25 days
Heat Days >95°F
39 days

Before moving from Memphis, MO to Mount Olive, IL

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Mount Olive, IL for the same bedroom count and included utilities as your home in Memphis, MO. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Memphis to Mount Olive moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Mount Olive, IL by cost, housing, population and region.

Frequently Asked Questions: Memphis, MO vs Mount Olive, IL

How do the cost estimates for Memphis, MO and Mount Olive, IL compare?

Mount Olive, IL has a modeled overall cost index 6.0% higher than Memphis, MO. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Memphis, MO, the model estimates $153,517 in Mount Olive, IL. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Memphis, MO and Mount Olive, IL?

The modeled two-bedroom rents are $890/month in Memphis, MO and $920/month in Mount Olive, IL. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Missouri and Illinois on TaxTakeHome.com

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