salaryMemphis is 8% 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
$1,901
$1,399
🛏️ 2-bedroom rent
$1,691
$1,194
💵 Families earn per year
$91,476
$55,797
🔑 Buying a house
$452,600
$169,000
📊 Overall prices (U.S. = 100)
100.7
92.2
🏛️ Property tax per year
$1,765
$1,845
⚡ Electric bill per month
$139
$223
👥 People living there
487,887
618,980
Commute to work
22.7 min
21.1 min
College degree
42.7%
28%
Own their home
60.9%
44.9%
Below poverty line
9%
23.1%
Unemployment
5.6%
8.3%
Bottom line
- Pick Colorado Springs 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 | Colorado Springs | Memphis | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $46,230 | $24,550 | -47% in Memphis |
| Dental Hygienist | $118,410 | $78,580 | -34% in Memphis |
| Lawyer | $106,320 | $134,440 | +26% in Memphis |
| Computer Systems Analyst | $128,740 | $100,640 | -22% in Memphis |
| Market Research Analyst | $90,210 | $71,600 | -21% in Memphis |
| Cashier | $35,740 | $29,160 | -18% in Memphis |
| Police Officer | $91,580 | $75,410 | -18% in Memphis |
| Nursing Assistant | $46,120 | $38,010 | -18% in Memphis |
Frequently asked questions
Is Colorado Springs or Memphis cheaper to live in?
Memphis is about 8% cheaper overall. Rent is $1,399 a month there versus $1,901 in Colorado Springs.
What salary do I need in Memphis to match $60,000 in Colorado Springs?
About $54,919 a year gives the same standard of living in Memphis.
Where do people earn more, Colorado Springs or Memphis?
The typical household earns $91,476 in Colorado Springs and $55,797 in Memphis, 64% more in Colorado Springs.
More comparisons
All Colorado Springs comparisons → · All Memphis comparisons →