salaryMemphis is 10% 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
$2,339
$1,399
🛏️ 2-bedroom rent
$1,738
$1,194
💵 Families earn per year
$84,235
$55,797
🔑 Buying a house
$373,500
$169,000
📊 Overall prices (U.S. = 100)
102.3
92.2
🏛️ Property tax per year
$3,176
$1,845
⚡ Electric bill per month
$196
$223
👥 People living there
215,536
618,980
Commute to work
29.9 min
21.1 min
College degree
26.9%
28%
Own their home
77.2%
44.9%
Below poverty line
10.7%
23.1%
Unemployment
3.8%
8.3%
Bottom line
- Pick Cape Coral for higher incomes, less poverty, lower unemployment.
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
Pay for the same job
| Job | Cape Coral | Memphis | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $36,660 | $24,550 | -33% in Memphis |
| Truck Driver | $48,950 | $63,070 | +29% in Memphis |
| Customer Service Representative | $38,180 | $44,090 | +15% in Memphis |
| Dental Hygienist | $91,120 | $78,580 | -14% in Memphis |
| Plumber | $51,690 | $58,690 | +14% in Memphis |
| Civil Engineer | $84,990 | $96,100 | +13% in Memphis |
| Market Research Analyst | $65,180 | $71,600 | +10% in Memphis |
| Medical Assistant | $42,860 | $39,260 | -8% in Memphis |
Frequently asked questions
Is Cape Coral or Memphis cheaper to live in?
Memphis is about 10% cheaper overall. Rent is $1,399 a month there versus $2,339 in Cape Coral.
What salary do I need in Memphis to match $60,000 in Cape Coral?
About $54,038 a year gives the same standard of living in Memphis.
Where do people earn more, Cape Coral or Memphis?
The typical household earns $84,235 in Cape Coral and $55,797 in Memphis, 51% more in Cape Coral.