Cost of Living: Memphis, TN vs Philadelphia, PA
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 $4,337/mo in Philadelphia, PA. In the model, rent is about 16.37% of gross in Memphis, TN versus 19.29% in Philadelphia, PA, so Memphis, TN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Memphis, TN and Philadelphia, PA.
At a glance
- Cheaper overall (lower cost-of-living index): Memphis, TN
- Lower rent (median 1BR/2BR): Memphis, TN
- Lower home prices: Memphis, TN
- Higher median household income: Philadelphia, PA
Cost of Living Index
Memphis, TN: 82.5 (U.S. = 100) · Philadelphia, PA: 95.2 (U.S. = 100)
Memphis, TN has a lower cost-of-living index than Philadelphia, PA, so a given salary generally stretches further there.
Median Rent
Memphis, TN: $1,067/mo (midpoint of 1BR/2BR) · Philadelphia, PA: $1,257/mo
Median rent in Philadelphia, PA is $190/mo higher than in Memphis, TN.
Median Home Price
Memphis, TN: $157,100 · Philadelphia, PA: $232,400
Median home price in Philadelphia, PA is $75,300 higher than in Memphis, TN.
Median Household Income
Memphis, TN: $51,211 · Philadelphia, PA: $60,698
Philadelphia, PA has a higher median household income than Memphis, TN by $9,487.
Memphis, TN overview · Philadelphia, PA overview · Popular comparisons