Question 1

Is Memphis or Philadelphia cheaper to live in?

Accepted Answer

Memphis, TN is cheaper. Estimated essentials for a single person run about $521/month less than in Philadelphia, covering rent plus everyday costs. Typical rent is $1,274/mo in Memphis versus $1,810/mo in Philadelphia.

Question 2

What salary do you need in Memphis vs Philadelphia?

Accepted Answer

Living comfortably takes roughly $65,500/year before tax in Memphis, TN and $84,000/year in Philadelphia, PA — a difference of about $18,500. Both figures are after state and local income taxes are accounted for.

Question 3

Is Memphis or Philadelphia cheaper for a family?

Accepted Answer

Memphis, the same answer as for a single person. Two adults with a pre-schooler and a school-age child run about $8,376/month in Memphis and $9,690/month in Philadelphia, including county-median childcare.

Question 4

Should I move to Memphis or Philadelphia?

Accepted Answer

It depends on what you weight. Memphis costs less month to month, but cost is one of six factors — jobs, safety, climate, housing and amenities all differ too. Compare them against your own income and priorities rather than a single ranking.

Metric	Memphis53	Philadelphia53
Est. monthly cost (single)	$3,783	$4,304
Est. monthly cost (family of 4, incl. childcare)	$8,376	$9,690
Salary for comfort	$65,500/yr	$84,000/yr
Typical rent	$1,274	$1,810
Median home value	$157,100	$232,400
Median household income	$51,211	$60,698
Unemployment	5.6%	4.9%
Housing score	65	45
Jobs score	14	55
Safety score	4	4
Climate score	100	100
Amenities score	47	46
Population	629.1K	1.6M
Summer high / winter low	92° / 33°	87° / 29°

Memphis, TN vs Philadelphia, PA