salaryMemphis is 4% cheaperBased 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
$1,401
$1,399
🛏️ 2-bedroom rent
$1,284
$1,194
💵 Families earn per year
$73,680
$55,797
🔑 Buying a house
$291,500
$169,000
📊 Overall prices (U.S. = 100)
95.5
92.2
🏛️ Property tax per year
$2,678
$1,845
⚡ Electric bill per month
$94
$223
👥 People living there
562,218
618,980
Commute to work
22.4 min
21.1 min
College degree
39.2%
28%
Own their home
61.8%
44.9%
Below poverty line
15.5%
23.1%
Unemployment
5.4%
8.3%
Bottom line
- Pick Albuquerque for higher incomes, a more educated workforce, less poverty and 1 more.
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Pay for the same job
| Job | Albuquerque | Memphis | Difference |
|---|---|---|---|
| Firefighter | $42,420 | $62,910 | +48% in Memphis |
| Server (Waiter/Waitress) | $38,050 | $24,550 | -35% in Memphis |
| Elementary School Teacher | $75,520 | $61,510 | -19% in Memphis |
| Dental Hygienist | $95,900 | $78,580 | -18% in Memphis |
| Lawyer | $114,610 | $134,440 | +17% in Memphis |
| Carpenter | $60,080 | $50,620 | -16% in Memphis |
| Market Research Analyst | $62,040 | $71,600 | +15% in Memphis |
| Registered Nurse | $96,040 | $81,500 | -15% in Memphis |
Frequently asked questions
Is Albuquerque or Memphis cheaper to live in?
Memphis is about 4% cheaper overall. Rent is $1,399 a month there versus $1,401 in Albuquerque.
What salary do I need in Memphis to match $60,000 in Albuquerque?
About $57,886 a year gives the same standard of living in Memphis.
Where do people earn more, Albuquerque or Memphis?
The typical household earns $73,680 in Albuquerque and $55,797 in Memphis, 32% more in Albuquerque.