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
$2,246
$1,399
🛏️ 2-bedroom rent
$2,299
$1,194
💵 Families earn per year
$162,004
$55,797
🔑 Buying a house
$642,100
$169,000
📊 Overall prices (U.S. = 100)
97.1
92.2
🏛️ Property tax per year
$9,572
$1,845
⚡ Electric bill per month
$196
$223
👥 People living there
219,304
618,980
Commute to work
28.6 min
21.1 min
College degree
67.5%
28%
Own their home
65.9%
44.9%
Below poverty line
3.6%
23.1%
Unemployment
4.6%
8.3%
Bottom line
- Pick Frisco 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 Frisco or Memphis cheaper to live in?
Memphis is about 5% cheaper overall. Rent is $1,399 a month there versus $2,246 in Frisco.
What salary do I need in Memphis to match $60,000 in Frisco?
About $56,984 a year gives the same standard of living in Memphis.
Where do people earn more, Frisco or Memphis?
The typical household earns $162,004 in Frisco and $55,797 in Memphis, 190% more in Frisco.