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
$2,044
$1,399
🛏️ 2-bedroom rent
$1,857
$1,194
💵 Families earn per year
$97,214
$55,797
🔑 Buying a house
$484,900
$169,000
📊 Overall prices (U.S. = 100)
100.2
92.2
🏛️ Property tax per year
$2,520
$1,845
⚡ Electric bill per month
$151
$223
👥 People living there
332,141
618,980
Commute to work
24.3 min
21.1 min
College degree
37.4%
28%
Own their home
66.1%
44.9%
Below poverty line
9%
23.1%
Unemployment
6.8%
8.3%
Bottom line
- Pick Henderson 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 | Henderson | Memphis | Difference |
|---|---|---|---|
| Dental Hygienist | $109,210 | $78,580 | -28% in Memphis |
| Licensed Practical Nurse | $75,920 | $59,140 | -22% in Memphis |
| Registered Nurse | $103,940 | $81,500 | -22% in Memphis |
| Carpenter | $62,380 | $50,620 | -19% in Memphis |
| Nursing Assistant | $45,350 | $38,010 | -16% in Memphis |
| Electrician | $70,890 | $60,890 | -14% in Memphis |
| Nurse Practitioner | $144,060 | $124,600 | -14% in Memphis |
| Customer Service Representative | $39,560 | $44,090 | +11% in Memphis |
Frequently asked questions
Is Henderson or Memphis cheaper to live in?
Memphis is about 8% cheaper overall. Rent is $1,399 a month there versus $2,044 in Henderson.
What salary do I need in Memphis to match $60,000 in Henderson?
About $55,189 a year gives the same standard of living in Memphis.
Where do people earn more, Henderson or Memphis?
The typical household earns $97,214 in Henderson and $55,797 in Memphis, 74% more in Henderson.