Median rent is 15% lower in Fort Wayne ($999/mo vs $1,181/mo). Buying is cheaper in Memphis, where the median home runs $169,000 versus $188,900. Households earn more in Fort Wayne ($61,422 vs $51,736 a year).
City A
Fort Wayne, IN
City B
Memphis, TN
How much would you need to earn in Memphis, TN to maintain your standard of living from Fort Wayne, IN?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Fort Wayne
Indiana
Memphis
Tennessee
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rent is modestly lower in Fort Wayne at $999/mo compared to $1,181/mo in Memphis (15% gap). Median home values are within 11% of each other: $188,900 in Fort Wayne and $169,000 in Memphis.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Fort Wayne
Income tax: N/A
Sales tax: N/A
Memphis
Income tax: N/A
Sales tax: N/A
Memphis has cleaner air on average: 19.0 AQI (Good) compared to 28.0 AQI (Good) in the other city. Lower AQI means cleaner, healthier air.
Pick Fort Wayne if you prioritize higher median household income ($61,422/yr).
Pick Fort Wayne if you prioritize cheaper rent ($999/mo median).
Pick Memphis if you prioritize cleaner air quality (avg AQI 19.0).
Is Fort Wayne cheaper than Memphis?
Cost of living index data is not yet available for one or both cities.
How much is rent in Fort Wayne vs Memphis?
Median rent is $999/mo in Fort Wayne, IN and $1,181/mo in Memphis, TN. Fort Wayne, IN has the lower rent by about 15%.
Which has higher salaries — Fort Wayne or Memphis?
Median household income is $61,422 in Fort Wayne, IN and $51,736 in Memphis, TN. Fort Wayne, IN has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Memphis, TN has better air quality on average: 19.0 AQI versus 28.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Fort Wayne or Memphis?
State tax data is not yet available for one or both cities.
What salary do I need in Memphis to match my Fort Wayne income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
