salaryAbout the sameBased 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
$1,544
$1,399
🛏️ 2-bedroom rent
$1,305
$1,194
💵 Families earn per year
$58,281
$55,797
🔑 Buying a house
$239,700
$169,000
📊 Overall prices (U.S. = 100)
92.6
92.2
🏛️ Property tax per year
$1,527
$1,845
⚡ Electric bill per month
$180
$223
👥 People living there
195,185
618,980
Commute to work
20.2 min
21.1 min
College degree
34.6%
28%
Own their home
46.6%
44.9%
Below poverty line
20.2%
23.1%
Unemployment
4.5%
8.3%
Bottom line
- Pick Knoxville for higher incomes, shorter commutes, a more educated workforce and 2 more.
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes.
Pay for the same job
| Job | Knoxville | Memphis | Difference |
|---|---|---|---|
| Police Officer | $56,380 | $75,410 | +34% in Memphis |
| Firefighter | $47,160 | $62,910 | +33% in Memphis |
| Computer Systems Analyst | $85,730 | $100,640 | +17% in Memphis |
| Market Research Analyst | $62,890 | $71,600 | +14% in Memphis |
| Nurse Practitioner | $109,740 | $124,600 | +14% in Memphis |
| Customer Service Representative | $38,840 | $44,090 | +14% in Memphis |
| Physician Assistant | $107,980 | $121,900 | +13% in Memphis |
| Server (Waiter/Waitress) | $28,100 | $24,550 | -13% in Memphis |
Frequently asked questions
Is Knoxville or Memphis cheaper to live in?
Knoxville and Memphis cost about the same once rent and everyday costs are combined.
What salary do I need in Memphis to match $60,000 in Knoxville?
About $59,747 a year gives the same standard of living in Memphis.
Where do people earn more, Knoxville or Memphis?
The typical household earns $58,281 in Knoxville and $55,797 in Memphis, 4% more in Knoxville.