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
$1,463
$1,399
🛏️ 2-bedroom rent
$1,239
$1,194
💵 Families earn per year
$74,933
$55,797
🔑 Buying a house
$293,500
$169,000
📊 Overall prices (U.S. = 100)
92.9
92.2
🏛️ Property tax per year
$2,542
$1,845
⚡ Electric bill per month
$140
$223
👥 People living there
323,725
618,980
Commute to work
20.9 min
21.1 min
College degree
48.3%
28%
Own their home
53.8%
44.9%
Below poverty line
14.9%
23.1%
Unemployment
4.9%
8.3%
Bottom line
- Pick Lexington-Fayette 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 | Lexington-Fayette | Memphis | Difference |
|---|---|---|---|
| Firefighter | $36,490 | $62,910 | +72% in Memphis |
| Server (Waiter/Waitress) | $34,910 | $24,550 | -30% in Memphis |
| Operations Manager | $80,440 | $102,510 | +27% in Memphis |
| Police Officer | $61,720 | $75,410 | +22% in Memphis |
| Lawyer | $111,040 | $134,440 | +21% in Memphis |
| Customer Service Representative | $39,160 | $44,090 | +13% in Memphis |
| Truck Driver | $56,950 | $63,070 | +11% in Memphis |
| Market Research Analyst | $65,280 | $71,600 | +10% in Memphis |
Frequently asked questions
Is Lexington-Fayette or Memphis cheaper to live in?
Lexington-Fayette 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 Lexington-Fayette?
About $59,541 a year gives the same standard of living in Memphis.
Where do people earn more, Lexington-Fayette or Memphis?
The typical household earns $74,933 in Lexington-Fayette and $55,797 in Memphis, 34% more in Lexington-Fayette.
More comparisons
All Lexington-Fayette comparisons → · All Memphis comparisons →