working-metro

Memphis, TN Area

Recommeded Rent / Mortgage Payment

The recommended rent / monthly mortgage payment is 30% of income. Given the median income of $59,480.00 for Bus and Truck Mechanics and Diesel Engine Specialists the recommended maximum monthly rent or mortgage payment should be $1,487.00 or less. Below see the recommended rent or mortgage payment for the distribution of salaries for this job in this metro area.

Annual Pay Distribution
Salary
Max Monthly Payment

10th percentile

$41,600.00

$1,040

25th percentile

$48,880.00

$1,222

median (50th percentile)

$59,480.00

$1,487

75th percentile

$68,630.00

$1,716

90th percentile

$84,210.00

$2,105

Hourly Pay Distribution
Hourly Rate
Max Monthly Payment

10th percentile

$20.00

$1,039

25th percentile

$23.50

$1,221

median (50th percentile)

$28.60

$1,486

75th percentile

$33.00

$1,715

90th percentile

$40.48

$2,103

Rental Data

The data presented below originate from the Department of Housing and Urban Development. Please be aware that these figures are estimates and may vary from actual rental prices. Additionally, the provided zip codes link directly to rental listings on Zillow for your convenience.

Purchase Data

The data provided below is sourced from Redfin and reflects transactions that occurred within the specified time periods for each zip code. Please note that the zip codes listed in the table are links to corresponding pages on Redfin.