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
$1,883
$1,399
🛏️ 2-bedroom rent
$1,758
$1,194
💵 Families earn per year
$88,026
$55,797
🔑 Buying a house
$295,500
$169,000
📊 Overall prices (U.S. = 100)
97.1
92.2
🏛️ Property tax per year
$4,954
$1,845
⚡ Electric bill per month
$200
$223
👥 People living there
201,883
618,980
Commute to work
28 min
21.1 min
College degree
30%
28%
Own their home
58.7%
44.9%
Below poverty line
12.1%
23.1%
Unemployment
5.2%
8.3%
Bottom line
- Pick Grand Prairie 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 Grand Prairie or Memphis cheaper to live in?
Memphis is about 5% cheaper overall. Rent is $1,399 a month there versus $1,883 in Grand Prairie.
What salary do I need in Memphis to match $60,000 in Grand Prairie?
About $56,984 a year gives the same standard of living in Memphis.
Where do people earn more, Grand Prairie or Memphis?
The typical household earns $88,026 in Grand Prairie and $55,797 in Memphis, 58% more in Grand Prairie.