salaryMemphis is 6% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Raleigh to live the same way.
🏠 Rent per month
$1,399
$1,822
🛏️ 2-bedroom rent
$1,194
$1,658
💵 Families earn per year
$55,797
$92,099
🔑 Buying a house
$169,000
$415,800
📊 Overall prices (U.S. = 100)
92.2
98.2
🏛️ Property tax per year
$1,845
$3,048
⚡ Electric bill per month
$223
$133
👥 People living there
618,980
481,031
Commute to work
21.1 min
23 min
College degree
28%
54%
Own their home
44.9%
50.7%
Below poverty line
23.1%
11.9%
Unemployment
8.3%
4.4%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Raleigh for higher incomes, a more educated workforce, less poverty and 1 more.
Pay for the same job
| Job | Memphis | Raleigh | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $24,550 | $34,860 | +42% in Raleigh |
| Firefighter | $62,910 | $45,640 | -27% in Raleigh |
| Dental Hygienist | $78,580 | $98,800 | +26% in Raleigh |
| Medical Assistant | $39,260 | $46,160 | +18% in Raleigh |
| Truck Driver | $63,070 | $52,110 | -17% in Raleigh |
| Police Officer | $75,410 | $65,860 | -13% in Raleigh |
| Operations Manager | $102,510 | $114,940 | +12% in Raleigh |
| Market Research Analyst | $71,600 | $78,980 | +10% in Raleigh |
Frequently asked questions
Is Memphis or Raleigh cheaper to live in?
Memphis is about 6% cheaper overall. Rent is $1,399 a month there versus $1,822 in Raleigh.
What salary do I need in Raleigh to match $60,000 in Memphis?
About $63,891 a year gives the same standard of living in Raleigh.
Where do people earn more, Memphis or Raleigh?
The typical household earns $55,797 in Memphis and $92,099 in Raleigh, 39% more in Raleigh.