salaryMemphis is 12% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Phoenix to live the same way.
🏠 Rent per month
$1,399
$1,893
🛏️ 2-bedroom rent
$1,194
$1,729
💵 Families earn per year
$55,797
$87,717
🔑 Buying a house
$169,000
$420,700
📊 Overall prices (U.S. = 100)
92.2
103.3
🏛️ Property tax per year
$1,845
$1,850
⚡ Electric bill per month
$223
$181
👥 People living there
618,980
1,642,323
Commute to work
21.1 min
25.6 min
College degree
28%
33.6%
Own their home
44.9%
57.3%
Below poverty line
23.1%
13.7%
Unemployment
8.3%
5%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Phoenix for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Memphis | Phoenix | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $24,550 | $47,530 | +94% in Phoenix |
| Licensed Practical Nurse | $59,140 | $78,080 | +32% in Phoenix |
| Dental Hygienist | $78,580 | $102,520 | +30% in Phoenix |
| Registered Nurse | $81,500 | $100,830 | +24% in Phoenix |
| Cashier | $29,160 | $34,920 | +20% in Phoenix |
| Medical Assistant | $39,260 | $46,830 | +19% in Phoenix |
| Carpenter | $50,620 | $60,320 | +19% in Phoenix |
| Nursing Assistant | $38,010 | $45,290 | +19% in Phoenix |
Frequently asked questions
Is Memphis or Phoenix cheaper to live in?
Memphis is about 12% cheaper overall. Rent is $1,399 a month there versus $1,893 in Phoenix.
What salary do I need in Phoenix to match $60,000 in Memphis?
About $67,249 a year gives the same standard of living in Phoenix.
Where do people earn more, Memphis or Phoenix?
The typical household earns $55,797 in Memphis and $87,717 in Phoenix, 36% more in Phoenix.