Detroit, MI vs Memphis, TN
Cost of Living Comparison
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Equivalent Salary
$100,000 in Detroit, MI = $94,307 in Memphis, TN
Buying power is -5.7% lower in Memphis, TN
Median Rent
$1,034 vs $1,123
8.6% higher in Memphis, TN
Median Income
$39,575 vs $51,211
29.4% higher in Memphis, TN
Home Value
$76,800 vs $157,100
104.6% higher in Memphis, TN
Price Level
98.0 vs 92.4
US avg = 100
Salary Needed for Median Rent
$41,400 vs $44,900
30% of gross income guideline
Rent as % of Income
31.4% vs 26.3%
Lower is more affordable