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
$1,278
$1,399
🛏️ 2-bedroom rent
$1,200
$1,194
💵 Families earn per year
$72,097
$55,797
🔑 Buying a house
$233,900
$169,000
📊 Overall prices (U.S. = 100)
93.1
92.2
🏛️ Property tax per year
$1,989
$1,845
⚡ Electric bill per month
$167
$223
👥 People living there
631,818
618,980
Commute to work
22.5 min
21.1 min
College degree
33.8%
28%
Own their home
60.7%
44.9%
Below poverty line
15.8%
23.1%
Unemployment
5.5%
8.3%
Bottom line
- Pick Louisville for lower rent, higher incomes, a more educated workforce and 2 more.
- Pick Memphis for cheaper 2-bedroom apartments, cheaper homes, shorter commutes.
Pay for the same job
| Job | Louisville | Memphis | Difference |
|---|---|---|---|
| Firefighter | $45,160 | $62,910 | +39% in Memphis |
| Plumber | $74,680 | $58,690 | -21% in Memphis |
| Police Officer | $63,220 | $75,410 | +19% in Memphis |
| Server (Waiter/Waitress) | $30,180 | $24,550 | -19% in Memphis |
| Warehouse Worker | $46,830 | $39,510 | -16% in Memphis |
| Operations Manager | $89,140 | $102,510 | +15% in Memphis |
| Software Developer | $110,270 | $125,580 | +14% in Memphis |
| Market Research Analyst | $63,280 | $71,600 | +13% in Memphis |
Frequently asked questions
Is Louisville or Memphis cheaper to live in?
Louisville 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 Louisville?
About $59,423 a year gives the same standard of living in Memphis.
Where do people earn more, Louisville or Memphis?
The typical household earns $72,097 in Louisville and $55,797 in Memphis, 29% more in Louisville.