Memphis vs Santa Maria-Santa Barbara
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Memphis is 113% cheaper for renters. A 2-bedroom rents for $819/mo vs $1,741/mo in Santa Maria-Santa Barbara — saving $11,064/year.
Rent by Unit Size
| Unit Size | Memphis | Santa Maria-Santa Barbara | Difference |
|---|---|---|---|
| Studio | $560 | $1,126 | $566 |
| 1 Bedroom | $682 | $1,403 | $721 |
| 2 Bedrooms | $819 | $1,741 | $922 |
| 3 Bedrooms | $1,011 | $2,068 | $1,057 |
| 4 Bedrooms | $1,184 | $2,592 | $1,408 |
| Median Income | $44,652 | $106,107 | $61,455 |
Memphis
- Studio
- $560/mo
- 1 BR
- $682/mo
- 2 BR
- $819/mo
- 3 BR
- $1,011/mo
- 4 BR
- $1,184/mo
- Median Income
- $44,652/yr
Santa Maria-Santa Barbara
- Studio
- $1,126/mo
- 1 BR
- $1,403/mo
- 2 BR
- $1,741/mo
- 3 BR
- $2,068/mo
- 4 BR
- $2,592/mo
- Median Income
- $106,107/yr
Frequently Asked Questions
Is Memphis or Santa Maria-Santa Barbara cheaper to rent in?
Memphis is cheaper — a 2-bedroom Fair Market Rent is $819/mo vs $1,741/mo in Santa Maria-Santa Barbara. That's $922/mo or $11,064/year more expensive in Santa Maria-Santa Barbara (113% higher).
What is the 2-bedroom rent in Memphis vs Santa Maria-Santa Barbara?
The HUD Fair Market Rent for a 2-bedroom in Memphis is $819/month. In Santa Maria-Santa Barbara, a 2-bedroom FMR is $1,741/month.
How do incomes compare between Memphis and Santa Maria-Santa Barbara?
The median household income in Memphis is $44,652/year. In Santa Maria-Santa Barbara it is $106,107/year. Santa Maria-Santa Barbara has the higher median income.
What is the studio rent in Memphis vs Santa Maria-Santa Barbara?
A studio apartment Fair Market Rent in Memphis is $560/mo. In Santa Maria-Santa Barbara it is $1,126/mo.