salaryMemphis is 15% 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
$3,112
$1,399
🛏️ 2-bedroom rent
$2,480
$1,194
💵 Families earn per year
$104,986
$55,797
🔑 Buying a house
$731,700
$169,000
📊 Overall prices (U.S. = 100)
108.3
92.2
🏛️ Property tax per year
$4,456
$1,845
⚡ Electric bill per month
$113
$223
👥 People living there
666,442
618,980
Commute to work
30.3 min
21.1 min
College degree
54.9%
28%
Own their home
35.7%
44.9%
Below poverty line
16.6%
23.1%
Unemployment
6.1%
8.3%
Bottom line
- Pick Boston 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 | Boston | Memphis | Difference |
|---|---|---|---|
| Plumber | $96,760 | $58,690 | -39% in Memphis |
| Server (Waiter/Waitress) | $39,270 | $24,550 | -37% in Memphis |
| Elementary School Teacher | $98,060 | $61,510 | -37% in Memphis |
| Carpenter | $75,210 | $50,620 | -33% in Memphis |
| Market Research Analyst | $102,390 | $71,600 | -30% in Memphis |
| Licensed Practical Nurse | $82,190 | $59,140 | -28% in Memphis |
| HVAC Technician | $78,530 | $56,780 | -28% in Memphis |
| Lawyer | $183,350 | $134,440 | -27% in Memphis |
Frequently asked questions
Is Boston or Memphis cheaper to live in?
Memphis is about 15% cheaper overall. Rent is $1,399 a month there versus $3,112 in Boston.
What salary do I need in Memphis to match $60,000 in Boston?
About $51,085 a year gives the same standard of living in Memphis.
Where do people earn more, Boston or Memphis?
The typical household earns $104,986 in Boston and $55,797 in Memphis, 88% more in Boston.