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
$2,256
$1,399
🛏️ 2-bedroom rent
$1,915
$1,194
💵 Families earn per year
$106,191
$55,797
🔑 Buying a house
$475,500
$169,000
📊 Overall prices (U.S. = 100)
100.0
92.2
🏛️ Property tax per year
$2,541
$1,845
⚡ Electric bill per month
$157
$223
👥 People living there
240,464
618,980
Commute to work
23.8 min
21.1 min
College degree
35.7%
28%
Own their home
63.7%
44.9%
Below poverty line
8.7%
23.1%
Unemployment
6.1%
8.3%
Bottom line
- Pick Enterprise 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.
Frequently asked questions
Is Enterprise or Memphis cheaper to live in?
Memphis is about 8% cheaper overall. Rent is $1,399 a month there versus $2,256 in Enterprise.
What salary do I need in Memphis to match $60,000 in Enterprise?
About $55,319 a year gives the same standard of living in Memphis.
Where do people earn more, Enterprise or Memphis?
The typical household earns $106,191 in Enterprise and $55,797 in Memphis, 90% more in Enterprise.