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