Fayetteville-Springdale-Rogers, AR vs Memphis, AR
A 2-bedroom in Memphis costs $73 less per month than Fayetteville-Springdale-Rogers ($1,274 vs $1,347). Median income is $77,979 in Fayetteville-Springdale-Rogers and $64,743 in Memphis. That's a difference of $876 per year in housing costs.
Side-by-Side Comparison
| Metric | Fayetteville-Springdale-Rogers | Memphis |
|---|---|---|
| Studio FMR | $1,007 | $1,060 |
| 1BR FMR | $1,115 | $1,154 |
| 2BR FMR | $1,347 | $1,274 |
| 3BR FMR | $1,873 | $1,683 |
| 4BR FMR | $2,213 | $1,959 |
| Median Income | $77,979 | $64,743 |
| Rent Burden | 20.7% | 23.6% |
| Actual Median Rent | $1,094 | $1,153 |
| Median Home Value | $273,400 | $228,100 |
| Population | 563K | 1.3M |
| Renter % | 37.7% | 39.4% |
| Vacancy Rate | 8.7% | 10.2% |
| Poverty Rate | 11% | 16.3% |
| YoY Change | +20.2% | - |
| Min Wage | $11.00/hr | $11.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Memphis, AR is more affordable with a 2BR FMR of $1,274/mo, which is $73 less than Fayetteville-Springdale-Rogers at $1,347/mo. However, when considering local incomes, Fayetteville-Springdale-Rogers has a rent burden of 20.7% vs 23.6% in Memphis.
A 2-bedroom in Fayetteville-Springdale-Rogers, AR costs $1,347/mo at Fair Market Rent, while in Memphis, AR it's $1,274/mo, a difference of $73/mo or $876/year.
To afford a 2BR without spending more than 30% of income on rent: Fayetteville-Springdale-Rogers requires $53,880/year ($26/hr). Memphis requires $50,960/year ($25/hr).