salaryMemphis is 6% 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
$1,932
$1,399
🛏️ 2-bedroom rent
$1,941
$1,194
💵 Families earn per year
$101,010
$55,797
🔑 Buying a house
$555,300
$169,000
📊 Overall prices (U.S. = 100)
98.1
92.2
🏛️ Property tax per year
$8,024
$1,845
⚡ Electric bill per month
$134
$223
👥 People living there
979,539
618,980
Commute to work
23.7 min
21.1 min
College degree
59.6%
28%
Own their home
43.4%
44.9%
Below poverty line
12%
23.1%
Unemployment
4.7%
8.3%
Bottom line
- Pick Austin 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 | Austin | Memphis | Difference |
|---|---|---|---|
| Dental Hygienist | $105,480 | $78,580 | -26% in Memphis |
| Registered Nurse | $97,890 | $81,500 | -17% in Memphis |
| Medical Assistant | $45,820 | $39,260 | -14% in Memphis |
| Cashier | $33,940 | $29,160 | -14% in Memphis |
| Operations Manager | $117,850 | $102,510 | -13% in Memphis |
| Lawyer | $153,330 | $134,440 | -12% in Memphis |
| Pharmacist | $151,290 | $134,220 | -11% in Memphis |
| Market Research Analyst | $80,460 | $71,600 | -11% in Memphis |
Frequently asked questions
Is Austin or Memphis cheaper to live in?
Memphis is about 6% cheaper overall. Rent is $1,399 a month there versus $1,932 in Austin.
What salary do I need in Memphis to match $60,000 in Austin?
About $56,398 a year gives the same standard of living in Memphis.
Where do people earn more, Austin or Memphis?
The typical household earns $101,010 in Austin and $55,797 in Memphis, 81% more in Austin.