Salt Lake City vs Memphis

Memphis is cheaper to live in overall. Salt Lake City has a cost of living index of 110 while Memphis has an index of 83, where 100 represents the US national average. Memphis is 25% cheaper than Salt Lake City overall.

The median 1-bedroom rent in Salt Lake City is $1,450 per month compared to $1,050 in Memphis. The median home price in Salt Lake City is $460,000 versus $175,000 in Memphis. Housing is typically the largest factor in cost of living differences between cities.

Salt Lake City has a cost of living index of 110 and Memphis has an index of 83, 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 Salt Lake City, multiply by 0.75. For example a $75,000 salary in Salt Lake City is equivalent to approximately $56,591 in Memphis.

Salt Lake City has a median household income of $72,408 per year versus $42,982 in Memphis. 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 Salt Lake City to Memphis is worthwhile depends on your salary, lifestyle, and priorities. Memphis is 25% cheaper 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.