Lubbock, TX vs Memphis, TN
Cost of Living Comparison
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Equivalent Salary
$100,000 in Lubbock, TX = $101,715 in Memphis, TN
Buying power is 1.7% higher in Memphis, TN
Median Rent
$1,137 vs $1,123
-1.2% lower in Memphis, TN
Median Income
$60,487 vs $51,211
-15.3% lower in Memphis, TN
Home Value
$197,900 vs $157,100
-20.6% lower in Memphis, TN
Price Level
90.9 vs 92.4
US avg = 100
Salary Needed for Median Rent
$45,500 vs $44,900
30% of gross income guideline
Rent as % of Income
22.6% vs 26.3%
Lower is more affordable