salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Toledo to live the same way.
🏠 Rent per month
$1,399
$994
🛏️ 2-bedroom rent
$1,194
$1,028
💵 Families earn per year
$55,797
$53,627
🔑 Buying a house
$169,000
$114,500
📊 Overall prices (U.S. = 100)
92.2
91.5
🏛️ Property tax per year
$1,845
$1,849
⚡ Electric bill per month
$223
$107
👥 People living there
618,980
267,463
Commute to work
21.1 min
19.8 min
College degree
28%
21.9%
Own their home
44.9%
53.3%
Below poverty line
23.1%
24.3%
Unemployment
8.3%
7.7%
Bottom line
- Pick Memphis for higher incomes, a more educated workforce, less poverty.
- Pick Toledo for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
Pay for the same job
| Job | Memphis | Toledo | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $24,550 | $36,140 | +47% in Toledo |
| Electrician | $60,890 | $74,710 | +23% in Toledo |
| Carpenter | $50,620 | $61,070 | +21% in Toledo |
| Software Developer | $125,580 | $104,360 | -17% in Toledo |
| Lawyer | $134,440 | $113,920 | -15% in Toledo |
| Plumber | $58,690 | $66,920 | +14% in Toledo |
| Medical Assistant | $39,260 | $44,120 | +12% in Toledo |
| Market Research Analyst | $71,600 | $62,950 | -12% in Toledo |
Frequently asked questions
Is Memphis or Toledo cheaper to live in?
Memphis and Toledo cost about the same once rent and everyday costs are combined.
What salary do I need in Toledo to match $60,000 in Memphis?
About $59,529 a year gives the same standard of living in Toledo.
Where do people earn more, Memphis or Toledo?
The typical household earns $55,797 in Memphis and $53,627 in Toledo, 4% more in Memphis.