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
$1,993
$1,399
🛏️ 2-bedroom rent
$1,977
$1,194
💵 Families earn per year
$133,966
$55,797
🔑 Buying a house
$471,800
$169,000
📊 Overall prices (U.S. = 100)
97.1
92.2
🏛️ Property tax per year
$7,791
$1,845
⚡ Electric bill per month
$182
$223
👥 People living there
210,600
618,980
Commute to work
27.8 min
21.1 min
College degree
54.1%
28%
Own their home
63.8%
44.9%
Below poverty line
5.7%
23.1%
Unemployment
3.7%
8.3%
Bottom line
- Pick McKinney 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 McKinney or Memphis cheaper to live in?
Memphis is about 5% cheaper overall. Rent is $1,399 a month there versus $1,993 in McKinney.
What salary do I need in Memphis to match $60,000 in McKinney?
About $56,984 a year gives the same standard of living in Memphis.
Where do people earn more, McKinney or Memphis?
The typical household earns $133,966 in McKinney and $55,797 in Memphis, 140% more in McKinney.