Albuquerque, NM vs Memphis, TN
Cost of Living Comparison
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Equivalent Salary
$100,000 in Albuquerque, NM = $99,429 in Memphis, TN
Buying power is -0.6% lower in Memphis, TN
Median Rent
$1,085 vs $1,123
3.5% higher in Memphis, TN
Median Income
$65,604 vs $51,211
-21.9% lower in Memphis, TN
Home Value
$266,700 vs $157,100
-41.1% lower in Memphis, TN
Price Level
93.0 vs 92.4
US avg = 100
Salary Needed for Median Rent
$43,400 vs $44,900
30% of gross income guideline
Rent as % of Income
19.9% vs 26.3%
Lower is more affordable