salaryMemphis is 5% 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
$1,881
$1,399
🛏️ 2-bedroom rent
$1,690
$1,194
💵 Families earn per year
$88,510
$55,797
🔑 Buying a house
$385,700
$169,000
📊 Overall prices (U.S. = 100)
97.3
92.2
🏛️ Property tax per year
$2,808
$1,845
⚡ Electric bill per month
$126
$223
👥 People living there
903,844
618,980
Commute to work
24.7 min
21.1 min
College degree
48%
28%
Own their home
51%
44.9%
Below poverty line
11.7%
23.1%
Unemployment
4.6%
8.3%
Bottom line
- Pick Charlotte 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 | Charlotte | Memphis | Difference |
|---|---|---|---|
| Firefighter | $38,700 | $62,910 | +63% in Memphis |
| Server (Waiter/Waitress) | $36,430 | $24,550 | -33% in Memphis |
| Dental Hygienist | $98,390 | $78,580 | -20% in Memphis |
| Police Officer | $63,190 | $75,410 | +19% in Memphis |
| Accountant | $92,910 | $76,960 | -17% in Memphis |
| Medical Assistant | $46,520 | $39,260 | -16% in Memphis |
| Lawyer | $157,180 | $134,440 | -14% in Memphis |
| Market Research Analyst | $82,930 | $71,600 | -14% in Memphis |
Frequently asked questions
Is Charlotte or Memphis cheaper to live in?
Memphis is about 5% cheaper overall. Rent is $1,399 a month there versus $1,881 in Charlotte.
What salary do I need in Memphis to match $60,000 in Charlotte?
About $56,814 a year gives the same standard of living in Memphis.
Where do people earn more, Charlotte or Memphis?
The typical household earns $88,510 in Charlotte and $55,797 in Memphis, 59% more in Charlotte.