Louisville/Jefferson County, KY vs Memphis, TN
Cost of Living Comparison
Equivalent Salary
$100,000 in Louisville/Jefferson County, KY = $98,308 in Memphis, TN
Buying power is -1.7% lower in Memphis, TN
Median Rent
$1,069 vs $1,123
5.1% higher in Memphis, TN
Median Income
$64,731 vs $51,211
-20.9% lower in Memphis, TN
Home Value
$221,500 vs $157,100
-29.1% lower in Memphis, TN
Price Level
94.0 vs 92.4
US avg = 100
Salary Needed for Median Rent
$42,800 vs $44,900
30% of gross income guideline
Rent as % of Income
19.8% vs 26.3%
Lower is more affordable