salaryMemphis is 22% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in New York to live the same way.
🏠 Rent per month
$1,399
$2,806
🛏️ 2-bedroom rent
$1,194
$2,016
💵 Families earn per year
$55,797
$86,801
🔑 Buying a house
$169,000
$777,600
📊 Overall prices (U.S. = 100)
92.2
112.6
🏛️ Property tax per year
$1,845
$6,547
⚡ Electric bill per month
$223
$132
👥 People living there
618,980
8,483,844
Commute to work
21.1 min
40.3 min
College degree
28%
41.6%
Own their home
44.9%
32.8%
Below poverty line
23.1%
17.9%
Unemployment
8.3%
8%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick New York for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Memphis | New York | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $24,550 | $47,610 | +94% in New York |
| Firefighter | $62,910 | $106,420 | +69% in New York |
| Elementary School Teacher | $61,510 | $96,900 | +58% in New York |
| Lawyer | $134,440 | $208,880 | +55% in New York |
| Operations Manager | $102,510 | $157,000 | +53% in New York |
| Registered Nurse | $81,500 | $119,720 | +47% in New York |
| Carpenter | $50,620 | $74,300 | +47% in New York |
| Market Research Analyst | $71,600 | $100,520 | +40% in New York |
Frequently asked questions
Is Memphis or New York cheaper to live in?
Memphis is about 22% cheaper overall. Rent is $1,399 a month there versus $2,806 in New York.
What salary do I need in New York to match $60,000 in Memphis?
About $73,268 a year gives the same standard of living in New York.
Where do people earn more, Memphis or New York?
The typical household earns $55,797 in Memphis and $86,801 in New York, 36% more in New York.