salaryMemphis is 8% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Spring Valley to live the same way.
🏠 Rent per month
$1,399
$1,889
🛏️ 2-bedroom rent
$1,194
$1,783
💵 Families earn per year
$55,797
$80,360
🔑 Buying a house
$169,000
$433,800
📊 Overall prices (U.S. = 100)
92.2
100.0
🏛️ Property tax per year
$1,845
$2,149
⚡ Electric bill per month
$223
$139
👥 People living there
618,980
219,187
Commute to work
21.1 min
22.5 min
College degree
28%
31.4%
Own their home
44.9%
50.5%
Below poverty line
23.1%
12.2%
Unemployment
8.3%
7.6%
Bottom line
- Pick Memphis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Spring Valley for higher incomes, a more educated workforce, less poverty and 1 more.
Frequently asked questions
Is Memphis or Spring Valley cheaper to live in?
Memphis is about 8% cheaper overall. Rent is $1,399 a month there versus $1,889 in Spring Valley.
What salary do I need in Spring Valley to match $60,000 in Memphis?
About $65,077 a year gives the same standard of living in Spring Valley.
Where do people earn more, Memphis or Spring Valley?
The typical household earns $55,797 in Memphis and $80,360 in Spring Valley, 31% more in Spring Valley.