salaryMemphis is 13% 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
$1,651
$1,399
🛏️ 2-bedroom rent
$1,565
$1,194
💵 Families earn per year
$111,392
$55,797
🔑 Buying a house
$395,900
$169,000
📊 Overall prices (U.S. = 100)
105.4
92.2
🏛️ Property tax per year
$4,982
$1,845
⚡ Electric bill per month
$136
$223
👥 People living there
288,976
618,980
Commute to work
18.8 min
21.1 min
College degree
38.7%
28%
Own their home
63.9%
44.9%
Below poverty line
8.9%
23.1%
Unemployment
4.6%
8.3%
Bottom line
- Pick Anchorage for higher incomes, shorter commutes, a more educated workforce and 2 more.
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes.
Pay for the same job
| Job | Anchorage | Memphis | Difference |
|---|---|---|---|
| Dental Hygienist | $132,740 | $78,580 | -41% in Memphis |
| Plumber | $93,600 | $58,690 | -37% in Memphis |
| Police Officer | $115,020 | $75,410 | -34% in Memphis |
| HVAC Technician | $85,620 | $56,780 | -34% in Memphis |
| Carpenter | $72,800 | $50,620 | -30% in Memphis |
| Registered Nurse | $115,290 | $81,500 | -29% in Memphis |
| Licensed Practical Nurse | $82,330 | $59,140 | -28% in Memphis |
| Electrician | $82,440 | $60,890 | -26% in Memphis |
Frequently asked questions
Is Anchorage or Memphis cheaper to live in?
Memphis is about 13% cheaper overall. Rent is $1,399 a month there versus $1,651 in Anchorage.
What salary do I need in Memphis to match $60,000 in Anchorage?
About $52,464 a year gives the same standard of living in Memphis.
Where do people earn more, Anchorage or Memphis?
The typical household earns $111,392 in Anchorage and $55,797 in Memphis, 100% more in Anchorage.