Memphis vs Chicago

Memphis is cheaper to live in overall. Memphis has a cost of living index of 83 while Chicago has an index of 107, where 100 represents the US national average. Chicago is 29% more expensive than Memphis overall.

The median 1-bedroom rent in Memphis is $1,050 per month compared to $1,750 in Chicago. The median home price in Memphis is $175,000 versus $310,000 in Chicago. Housing is typically the largest factor in cost of living differences between cities.

Memphis has a cost of living index of 83 and Chicago has an index of 107, both measured against a US national average of 100. An index above 100 means more expensive than the national average — below 100 means cheaper.

To maintain the same purchasing power as a salary in Memphis, multiply by 1.29. For example a $75,000 salary in Memphis is equivalent to approximately $96,687 in Chicago.

Memphis has a median household income of $42,982 per year versus $62,097 in Chicago. Higher incomes must be weighed against cost of living. Use the Dayblip salary tools to see specific job salaries in both cities.

Whether moving from Memphis to Chicago is worthwhile depends on your salary, lifestyle, and priorities. Chicago is 29% more expensive overall — with the biggest difference in housing. Use the Dayblip cost of living calculator to enter your specific salary and see the exact dollar impact.