Understanding how rental prices have changed over time helps predict future affordability and make informed decisions about your move.
A comprehensive breakdown of annual living expenses helps you budget effectively for your new life in Chicago.
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Memphis is 75.4% cheaper for housing than Chicago. The median home price in Memphis is $299,400 compared to $525,274 in Chicago.
Monthly rent in Chicago averages $2,189, while Memphis averages $1,247. That's a difference of $941 per month, or $11,294 annually.
The median household income in Chicago is $73,194, which is 22.6% higher than Memphis's median of $59,716.
Memphis has a violent crime rate of 672 per 100k residents, while Chicago has 345 per 100k. Chicago is statistically safer.
Estates is a comprehensive cost of living comparison platform covering over 3,900 US cities. We help you compare housing prices, rent, income levels, crime rates, demographics, and climate data to make informed relocation decisions. Our data comes from trusted sources including Zillow, the U.S. Census Bureau, FBI, and NOAA.
