salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in New Orleans to live the same way.
🏠 Rent per month
$1,399
$1,508
🛏️ 2-bedroom rent
$1,194
$1,391
💵 Families earn per year
$55,797
$61,077
🔑 Buying a house
$169,000
$315,700
📊 Overall prices (U.S. = 100)
92.2
92.6
🏛️ Property tax per year
$1,845
$2,606
⚡ Electric bill per month
$223
$196
👥 People living there
618,980
371,853
Commute to work
21.1 min
22.6 min
College degree
28%
42.4%
Own their home
44.9%
51.2%
Below poverty line
23.1%
22.6%
Unemployment
8.3%
7.5%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick New Orleans for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Memphis | New Orleans | Difference |
|---|---|---|---|
| Firefighter | $62,910 | $37,250 | -41% in New Orleans |
| Police Officer | $75,410 | $48,970 | -35% in New Orleans |
| Server (Waiter/Waitress) | $24,550 | $16,640 | -32% in New Orleans |
| Dental Hygienist | $78,580 | $93,650 | +19% in New Orleans |
| Truck Driver | $63,070 | $51,540 | -18% in New Orleans |
| Restaurant Cook | $36,340 | $30,520 | -16% in New Orleans |
| Software Developer | $125,580 | $106,950 | -15% in New Orleans |
| Civil Engineer | $96,100 | $108,240 | +13% in New Orleans |
Frequently asked questions
Is Memphis or New Orleans cheaper to live in?
Memphis and New Orleans cost about the same once rent and everyday costs are combined.
What salary do I need in New Orleans to match $60,000 in Memphis?
About $60,272 a year gives the same standard of living in New Orleans.
Where do people earn more, Memphis or New Orleans?
The typical household earns $55,797 in Memphis and $61,077 in New Orleans, 9% more in New Orleans.