Cost of Living: Grand Rapids, MI vs Memphis, TN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,268/mo in Grand Rapids, MI versus $4,516/mo in Memphis, TN. In the model, rent is about 13.85% of gross in Grand Rapids, MI versus 16.37% in Memphis, TN, so Grand Rapids, MI tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Grand Rapids, MI and Memphis, TN.
At a glance
- Cheaper overall (lower cost-of-living index): Memphis, TN
- Lower rent (median 1BR/2BR): Grand Rapids, MI
- Lower home prices: Memphis, TN
- Higher median household income: Grand Rapids, MI
Cost of Living Index
Grand Rapids, MI: 90.6 (U.S. = 100) · Memphis, TN: 82.5 (U.S. = 100)
Memphis, TN has a lower cost-of-living index than Grand Rapids, MI, so a given salary generally stretches further there.
Median Rent
Grand Rapids, MI: $903/mo (midpoint of 1BR/2BR) · Memphis, TN: $1,067/mo
Median rent in Memphis, TN is $164/mo higher than in Grand Rapids, MI.
Median Home Price
Grand Rapids, MI: $158,600 · Memphis, TN: $157,100
Median home price in Grand Rapids, MI is $1,500 higher than in Memphis, TN.
Median Household Income
Grand Rapids, MI: $56,875 · Memphis, TN: $51,211
Grand Rapids, MI has a higher median household income than Memphis, TN by $5,664.
Grand Rapids, MI overview · Memphis, TN overview · Popular comparisons