salaryMemphis is 24% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Miami to live the same way.
🏠 Rent per month
$1,399
$2,538
🛏️ 2-bedroom rent
$1,194
$1,983
💵 Families earn per year
$55,797
$67,365
🔑 Buying a house
$169,000
$518,100
📊 Overall prices (U.S. = 100)
92.2
114.2
🏛️ Property tax per year
$1,845
$4,586
⚡ Electric bill per month
$223
$133
👥 People living there
618,980
459,745
Commute to work
21.1 min
27.3 min
College degree
28%
37.4%
Own their home
44.9%
30.8%
Below poverty line
23.1%
19.4%
Unemployment
8.3%
5.2%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Miami for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Memphis | Miami | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $24,550 | $36,070 | +47% in Miami |
| Firefighter | $62,910 | $75,710 | +20% in Miami |
| Lawyer | $134,440 | $160,320 | +19% in Miami |
| Truck Driver | $63,070 | $51,580 | -18% in Miami |
| Medical Assistant | $39,260 | $44,930 | +14% in Miami |
| Civil Engineer | $96,100 | $83,750 | -13% in Miami |
| Registered Nurse | $81,500 | $91,380 | +12% in Miami |
| Market Research Analyst | $71,600 | $78,990 | +10% in Miami |
Frequently asked questions
Is Memphis or Miami cheaper to live in?
Memphis is about 24% cheaper overall. Rent is $1,399 a month there versus $2,538 in Miami.
What salary do I need in Miami to match $60,000 in Memphis?
About $74,304 a year gives the same standard of living in Miami.
Where do people earn more, Memphis or Miami?
The typical household earns $55,797 in Memphis and $67,365 in Miami, 17% more in Miami.