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
$1,849
$1,399
🛏️ 2-bedroom rent
$1,567
$1,194
💵 Families earn per year
$102,860
$55,797
🔑 Buying a house
$378,400
$169,000
📊 Overall prices (U.S. = 100)
97.9
92.2
🏛️ Property tax per year
$3,108
$1,845
⚡ Electric bill per month
$178
$223
👥 People living there
252,583
618,980
Commute to work
25.8 min
21.1 min
College degree
36.9%
28%
Own their home
74.4%
44.9%
Below poverty line
9.4%
23.1%
Unemployment
4.9%
8.3%
Bottom line
- Pick Chesapeake 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 | Chesapeake | Memphis | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $39,020 | $24,550 | -37% in Memphis |
| Police Officer | $59,690 | $75,410 | +26% in Memphis |
| Truck Driver | $50,460 | $63,070 | +25% in Memphis |
| Dental Hygienist | $98,890 | $78,580 | -21% in Memphis |
| Customer Service Representative | $38,150 | $44,090 | +16% in Memphis |
| Firefighter | $56,940 | $62,910 | +10% in Memphis |
| Medical Assistant | $43,620 | $39,260 | -10% in Memphis |
| Registered Nurse | $89,450 | $81,500 | -9% in Memphis |
Frequently asked questions
Is Chesapeake or Memphis cheaper to live in?
Memphis is about 6% cheaper overall. Rent is $1,399 a month there versus $1,849 in Chesapeake.
What salary do I need in Memphis to match $60,000 in Chesapeake?
About $56,470 a year gives the same standard of living in Memphis.
Where do people earn more, Chesapeake or Memphis?
The typical household earns $102,860 in Chesapeake and $55,797 in Memphis, 84% more in Chesapeake.