Des Moines, IA vs Memphis, TN
Cost of Living Comparison
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Equivalent Salary
$100,000 in Des Moines, IA = $99,750 in Memphis, TN
Buying power is -0.3% lower in Memphis, TN
Median Rent
$1,054 vs $1,123
6.5% higher in Memphis, TN
Median Income
$63,966 vs $51,211
-19.9% lower in Memphis, TN
Home Value
$183,700 vs $157,100
-14.5% lower in Memphis, TN
Price Level
92.7 vs 92.4
US avg = 100
Salary Needed for Median Rent
$42,200 vs $44,900
30% of gross income guideline
Rent as % of Income
19.8% vs 26.3%
Lower is more affordable