salaryMemphis is 14% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Minneapolis to live the same way.
🏠 Rent per month
$1,399
$1,649
🛏️ 2-bedroom rent
$1,194
$1,805
💵 Families earn per year
$55,797
$87,192
🔑 Buying a house
$169,000
$362,200
📊 Overall prices (U.S. = 100)
92.2
104.8
🏛️ Property tax per year
$1,845
$4,339
⚡ Electric bill per month
$223
$91
👥 People living there
618,980
427,246
Commute to work
21.1 min
22 min
College degree
28%
55.5%
Own their home
44.9%
47.7%
Below poverty line
23.1%
16%
Unemployment
8.3%
5.9%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Minneapolis for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Memphis | Minneapolis | Difference |
|---|---|---|---|
| Plumber | $58,690 | $101,630 | +73% in Minneapolis |
| Carpenter | $50,620 | $74,060 | +46% in Minneapolis |
| Dental Hygienist | $78,580 | $112,630 | +43% in Minneapolis |
| Firefighter | $62,910 | $39,350 | -37% in Minneapolis |
| Market Research Analyst | $71,600 | $97,910 | +37% in Minneapolis |
| HVAC Technician | $56,780 | $77,490 | +36% in Minneapolis |
| Electrician | $60,890 | $81,890 | +34% in Minneapolis |
| Medical Assistant | $39,260 | $52,570 | +34% in Minneapolis |
Frequently asked questions
Is Memphis or Minneapolis cheaper to live in?
Memphis is about 14% cheaper overall. Rent is $1,399 a month there versus $1,649 in Minneapolis.
What salary do I need in Minneapolis to match $60,000 in Memphis?
About $68,229 a year gives the same standard of living in Minneapolis.
Where do people earn more, Memphis or Minneapolis?
The typical household earns $55,797 in Memphis and $87,192 in Minneapolis, 36% more in Minneapolis.