Is Memphis or Chicago more affordable?
Memphis has a median rent of $950/month, while Chicago is $1,209/month. Memphis is more affordable for renters.
City comparison
Memphis, TN vs Chicago, IL
Side-by-side comparison of cost of living, taxes, climate, and quality of life between Memphis and Chicago.
4
Memphis wins
of 5 metrics
tracked
1
Chicago wins
TN
Memphis
vs
IL
Chicago
Overview
633,104
Population
2,742,119
$41,228
Median Income
+59.6%$65,781✓
Cost of Living
$950✓
Median Rent / mo
+27.3%$1,209
$155,000✓
Median Home Price
+79.1%$277,600
28%
Rent-to-Income %
22%
Taxes
None✓
State Income Tax
4.95%
9.75%
Local Tax Rate
0.00%
Climate & Weather
70°F
Avg High Temp
54.12°F
49°F
Avg Low Temp
49.03°F
214 days✓
Sunny Days / Year
N/A
54"
Annual Rainfall
N/A
Who should choose
Memphis, TN
Memphis is a city in Tennessee with a population of 633,104.
Read full Memphis guide →Who should choose
Chicago, IL
Chicago is a city in Illinois with a population of 2,742,119.
Read full Chicago guide →Memphis vs Chicago — Common Questions
Which city has lower taxes — Memphis or Chicago?
Tennessee has no state income tax. Illinois has a 4.95% state income tax. Memphis wins on state income tax.
What is the weather difference between Memphis and Chicago?
Memphis gets 214 sunny days/year. Avg high in Memphis: 70°F. Avg high in Chicago: 54.12°F
Which city is better for families — Memphis or Chicago?
Memphis. Chicago. The right choice depends on your priorities — income, affordability, taxes, and climate all play a role.
More city comparisons
Data sourced from U.S. Census Bureau, Bureau of Labor Statistics, and NOAA. Green values indicate a better outcome for that metric.