salaryMemphis is 12% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Plano to live the same way.
🏠 Rent per month
$1,399
$2,010
🛏️ 2-bedroom rent
$1,194
$2,058
💵 Families earn per year
$55,797
$121,065
🔑 Buying a house
$169,000
$465,900
📊 Overall prices (U.S. = 100)
92.2
103.1
🏛️ Property tax per year
$1,845
$6,700
⚡ Electric bill per month
$223
$176
👥 People living there
618,980
290,594
Commute to work
21.1 min
25.4 min
College degree
28%
60.5%
Own their home
44.9%
56.9%
Below poverty line
23.1%
6.8%
Unemployment
8.3%
4%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Plano for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Memphis | Plano | Difference |
|---|---|---|---|
| Dental Hygienist | $78,580 | $101,870 | +30% in Plano |
| Lawyer | $134,440 | $168,510 | +25% in Plano |
| Registered Nurse | $81,500 | $101,420 | +24% in Plano |
| Police Officer | $75,410 | $92,910 | +23% in Plano |
| Computer Systems Analyst | $100,640 | $122,520 | +22% in Plano |
| Physician Assistant | $121,900 | $134,900 | +11% in Plano |
| Medical Assistant | $39,260 | $43,100 | +10% in Plano |
| Licensed Practical Nurse | $59,140 | $64,370 | +9% in Plano |
Frequently asked questions
Is Memphis or Plano cheaper to live in?
Memphis is about 12% cheaper overall. Rent is $1,399 a month there versus $2,010 in Plano.
What salary do I need in Plano to match $60,000 in Memphis?
About $67,102 a year gives the same standard of living in Plano.
Where do people earn more, Memphis or Plano?
The typical household earns $55,797 in Memphis and $121,065 in Plano, 54% more in Plano.