salaryMemphis is 12% 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
$1,619
$1,399
🛏️ 2-bedroom rent
$1,479
$1,194
💵 Families earn per year
$67,058
$55,797
🔑 Buying a house
$229,600
$169,000
📊 Overall prices (U.S. = 100)
104.5
92.2
🏛️ Property tax per year
$3,354
$1,845
⚡ Electric bill per month
$157
$223
👥 People living there
573,243
618,980
Commute to work
29.1 min
21.1 min
College degree
36.1%
28%
Own their home
47.5%
44.9%
Below poverty line
19.7%
23.1%
Unemployment
6.5%
8.3%
Bottom line
- Pick Baltimore 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 | Baltimore | Memphis | Difference |
|---|---|---|---|
| Dental Hygienist | $116,130 | $78,580 | -32% in Memphis |
| Server (Waiter/Waitress) | $36,170 | $24,550 | -32% in Memphis |
| Licensed Practical Nurse | $74,860 | $59,140 | -21% in Memphis |
| Elementary School Teacher | $76,400 | $61,510 | -19% in Memphis |
| Carpenter | $62,380 | $50,620 | -19% in Memphis |
| Registered Nurse | $99,550 | $81,500 | -18% in Memphis |
| Medical Assistant | $46,790 | $39,260 | -16% in Memphis |
| Firefighter | $73,810 | $62,910 | -15% in Memphis |
Frequently asked questions
Is Baltimore or Memphis cheaper to live in?
Memphis is about 12% cheaper overall. Rent is $1,399 a month there versus $1,619 in Baltimore.
What salary do I need in Memphis to match $60,000 in Baltimore?
About $52,932 a year gives the same standard of living in Memphis.
Where do people earn more, Baltimore or Memphis?
The typical household earns $67,058 in Baltimore and $55,797 in Memphis, 20% more in Baltimore.