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2024 Compare Cities Economy:
Chicago, IL vs Memphis, TN

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Highlights
- Household income in Memphis, is 33% less than it is in Chicago and is 57% below the National Average.
- Chicago unemployment rate is 9.0%.
- Memphis unemployment rate is 8.0%.

Economy
 Chicago, ILMemphis, TNUnited States
 Unemployment Rate9.0%8.0%6.0%
 Recent Job Growth-0.2%2.1%1.6%
 Future Job Growth25.7%36.6%33.5%
 Sales Taxes10.3%9.3%6.2%
 Income Taxes5.0%0.0%4.6%
 Income per Cap.$41,821$28,258$37,638
 Household Income$65,781$43,981$69,021
 Family Median Income$79,434$54,745$85,028
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 Est. Households By Income
 Chicago, ILMemphis, TNUnited States
 Income Less Than 15K13.1%17.7%9.4%
 Income between 15K and 20K4.2%5.3%3.8%
 Income between 20K and 30K8.6%12.0%8.1%
 Income between 30K and 40K7.6%10.9%8.0%
 Income between 40K and 50K6.7%9.2%7.6%
 Income between 50K and 60K6.5%8.1%7.2%
 Income between 60K and 75K8.5%9.2%9.6%
 Income between 75K and 100K11.7%9.6%12.8%
 Income between 100K and 150K14.7%9.6%16.3%
 Income between 150K and 200K7.7%3.6%7.8%
 Income greater than 200K10.9%4.7%9.5%
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 Population By Occupation
 Chicago, ILMemphis, TNUnited States
 Management, business, finance19.5%12.5%16.4%
 Engineering, computers, science6.6%3.7%6.5%
 Community, social services2.1%1.8%1.8%
 Legal2.2%0.9%1.2%
 Education, library6.3%5.5%6.2%
 Arts, design, media, sports, entertainment3.0%1.5%2.0%
 Healthcare practitioners and technology5.7%5.7%6.2%
 Healthcare support3.4%3.4%3.3%
 Firefighters, law enforcement3.0%2.8%2.1%
 Food preparation, serving5.4%6.1%5.4%
 Building maintenance3.4%4.5%3.6%
 Personal care2.9%2.4%2.6%
 Sales, office, administrative support19.3%21.9%20.9%
 Farming, fishing, forestry0.1%0.2%0.6%
 Construction, extraction, maintenance/repair4.9%6.4%8.1%
 Production, transportation, material moving12.1%20.7%13.1%

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Reviews for Chicago    271 Reviews

I've lived in Chicago city and later moved to suburbs when family size increased. Absolutely love this city. This is the cleanest and most beautiful among the major  More

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Chicago is probably the best value in a major city that you can find and my personal favorite city. It will become increasingly important as climate change makes the  More

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I've live on north side and south side, UIC medical center. Don't move here go to the north side. No good amenities, if you get bored with one there is no other choices.  More

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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 4 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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ZIPS IN CHICAGO, ILLINOIS
60629, 60618, 60632, 60639, 60623, 60647, 60617, 60625, 60608, 60634, 56 total
ZIPS IN MEMPHIS, TENNESSEE
38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, 30 total

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