salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Memphis to live the same way.
🏠 Rent per month
$1,129
$1,399
🛏️ 2-bedroom rent
$1,068
$1,194
💵 Families earn per year
$51,850
$55,797
🔑 Buying a house
$122,000
$169,000
📊 Overall prices (U.S. = 100)
93.4
92.2
🏛️ Property tax per year
$1,950
$1,845
⚡ Electric bill per month
$97
$223
👥 People living there
189,247
618,980
Commute to work
22.2 min
21.1 min
College degree
23.6%
28%
Own their home
50.7%
44.9%
Below poverty line
23.3%
23.1%
Unemployment
7.8%
8.3%
Bottom line
- Pick Akron for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Memphis for higher incomes, shorter commutes, a more educated workforce and 1 more.
Pay for the same job
| Job | Akron | Memphis | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $36,150 | $24,550 | -32% in Memphis |
| Elementary School Teacher | $78,560 | $61,510 | -22% in Memphis |
| Electrician | $77,360 | $60,890 | -21% in Memphis |
| Software Developer | $105,430 | $125,580 | +19% in Memphis |
| Carpenter | $61,070 | $50,620 | -17% in Memphis |
| Market Research Analyst | $66,000 | $71,600 | +8% in Memphis |
| Medical Assistant | $42,830 | $39,260 | -8% in Memphis |
| Plumber | $63,450 | $58,690 | -8% in Memphis |
Frequently asked questions
Is Akron or Memphis cheaper to live in?
Akron and Memphis cost about the same once rent and everyday costs are combined.
What salary do I need in Memphis to match $60,000 in Akron?
About $59,235 a year gives the same standard of living in Memphis.
Where do people earn more, Akron or Memphis?
The typical household earns $51,850 in Akron and $55,797 in Memphis, 7% more in Memphis.