City comparison
Akron, OH vs Memphis, TN
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Akron, OH are 1.3% higher than in Memphis, TN. Someone earning $100,000 in Memphis, TN would need about $101,300 in Akron, OH to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,154 a month in Memphis, TN versus $985 in Akron, OH. On $100,000, that's 17% of take-home pay in Memphis, TN and 15% in Akron, OH.
- On $100,000, estimated state income tax is about $1,968 a year higher in Akron, OH than in Memphis, TN.
- For federal employees, locality pay changes a GS-13 step 1 salary by −4.2% moving from Akron, OH to Memphis, TN ($111,138 → $106,437), while prices change by −1.3%. Net effect of the transfer: −3.0% in real buying power.
- Akron, OH: price level 93.4 (cheaper)
- Memphis, TN: price level 92.2 (cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Akron, OH | Memphis, TN | |
|---|---|---|
| Price level (U.S. = 100)2 | 93.4 | 92.2 |
| $100,000 is worth, in the other city2 | $98,724 in Memphis | $101,292 in Akron |
| Typical 1-bedroom rent3 | $985/mo | $1,154/mo |
| Take-home on $100,00014,15,8 | $77,212 | $79,180 |
| State income tax on $100,000 (estimate)8 | $1,968 (OH) | $0 (TN) |
| Rent burden on $100,000 | 15% | 17% |
| Median pay, all jobs4 | $48,840 | $46,890 |
| Federal locality pay area7 | Cleveland-Akron-Canton, OH-PA | Rest of U.S. |
Rent areas: Akron, OH MSA and Memphis, TN-MS-AR HUD Metro FMR Area. Metro areas: Akron, OH and Memphis, TN-MS-AR.
What costs more or less
| Price level (U.S. = 100) | Akron | Memphis |
|---|---|---|
| Housing (rent) | 76.8 | 79.8 |
| Goods | 93.6 | 96.2 |
| Utilities | 96.4 | 74.1 |
| Other services | 98.9 | 95.4 |
| Overall | 93.4 | 92.2 |
Moving with the same $100,000 salary
Akron, OH → Memphis, TN
Roughly even
Buying power +1.3%; rent takes 17% of take-home; state tax −$1,968/yr.
73 Strong offer
Memphis, TN → Akron, OH
Roughly even
Buying power −1.3%; rent takes 15% of take-home; state tax +$1,968/yr.
65 Fair offer
On the GS pay scale?
Akron, OH is in the Cleveland-Akron-Canton, OH-PA pay area; Memphis, TN is in Rest of U.S.. The last column shows what a transfer from Akron, OH to Memphis, TN at the same grade and step does to real buying power.
| Grade5,2 | Akron, OH | Memphis, TN | Real change, Akron → Memphis |
|---|---|---|---|
| GS-9 step 1 | $64,448 | $61,722 | −3.0% |
| GS-11 step 1 | $77,977 | $74,678 | −3.0% |
| GS-12 step 1 | $93,461 | $89,508 | −3.0% |
| GS-13 step 1 | $111,138 | $106,437 | −3.0% |
| GS-14 step 1 | $131,331 | $125,776 | −3.0% |
Pay for common jobs
| Median annual pay4 | Akron, OH | Memphis, TN | Memphis pay in Akron dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $78,560 | $61,510 | $62,305 (−20.7%) |
| Software Developers | $105,430 | $125,580 | $127,203 (+20.7%) |
| Accountants and Auditors | $78,540 | $76,960 | $77,954 (−0.7%) |
| Registered Nurses | $80,770 | $81,500 | $82,553 (+2.2%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.