Los Angeles, CA vs Memphis, TN
Cost of living comparison · 2023 Census ACS data
Quick Summary
Housing costs separate Memphis and Los Angeles more than any other line item — $157,000 versus $880,000 for a typical home, a 82% spread. Memphis also has no state income tax, while the other state tops out at 13.3% — a meaningful annual difference at higher income levels.
Median Home Value
$879,500
$157,100 ✓
Zillow Home Value
$941,985
$142,869
Median Gross Rent
$1,879/mo
$1,123/mo ✓
Owner Occupied %
36.3%
46.0%
Price-to-Rent Ratio
39.0x
11.7x
Median Household Income
$80,366 ✓
$51,211
Per Capita Income
$46,270
$32,314
Unemployment Rate
7.9% ✓
8.3%
Poverty Rate
16.6%
22.5%
Avg Commute (min)
34.1 min
23.0 min
Drove Alone %
61.4%
77.8%
Public Transit %
6.7%
0.8%
Work From Home %
17.3%
8.0%
State Income Tax
13.3%
None
Total Sales Tax
8.7% ✓
9.6%
Property Tax Rate
0.7%
0.7%
Bachelor's Degree %
24.5%
16.9%
Median Age
36.9
34.3
Avg High Temp
70.4°F
73.0°F
Annual Precipitation
13.4"
54.9"
Annual Snowfall
—
2.7"
Los Angeles, CA 3 wins
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
Memphis, TN 2 wins
- ✓Median Home Value
- ✓Median Gross Rent
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