$60K in Jackson = $63,038 in Memphis
Your $60K salary in Jackson (COL 79) has the same purchasing power as $63,038 in Memphis (COL 83). Memphis is more expensive — you'd need 5% more to maintain the same lifestyle.
Budget breakdown — $60K in both cities
What $60K actually buys you in each city after taxes and core expenses.
| Expense | Jackson $60K | Memphis $60K (same salary) |
|---|---|---|
| Monthly take-home | $3,558 | $3,793 |
| 1BR rent | $1,000 | $1,100 |
| Groceries | $346 | $357 |
| Transport | $38 | $55 |
| Utilities | $178 | $170 |
| Internet | $55 | $55 |
| Left after essentials | $1,941/month | $2,056/month |
Frequently asked questions
What is $60K in Jackson equivalent to in Memphis?
$60K in Jackson (COL index 79) has the same purchasing power as $63,038 in Memphis (COL index 83). That's 5% more than your current salary.
If I move from Jackson to Memphis keeping my $60K salary, will I be better off?
Not necessarily. Core expenses in Memphis are higher, so on the same $60K salary you'd have $115 less per month. You'd need to earn $63,038 to maintain the same standard of living.
How is the salary equivalent calculated?
The equivalent salary is calculated by multiplying your current salary by the ratio of the two cities' overall cost of living indices: $60K × (83 ÷ 79) = $63,038. This adjusts for differences in housing, food, transport, and general cost of living.
Other salary amounts — Jackson to Memphis
Equivalency uses overall COL index ratio. Take-home uses simplified federal/state brackets. Zillow · BLS · Numbeo · Q1 2026 · For general guidance only