Cost of Living in Memphis, FL
Overall index: 93 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 84 | -16% | $809 |
| Transportation | 108 | +8% | $3.50 |
| Food | 96 | -4% | $394 |
| Utilities | 92 | -8% | $151 |
| Healthcare | 92 | -8% | $109 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Memphis?
A single adult living comfortably in Memphis, FL needs approximately $32,550 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Memphis, FL?
The overall cost of living in Memphis, FL is 7% lower than the US national average (index: 93 where 100 = national average).
How much is rent in Memphis, FL?
Average rent for a 1-bedroom apartment in Memphis, FL is about $809/month.
Is Memphis, FL expensive to live in?
Costs in Memphis, FL are roughly in line with the national average.
What salary do I need to live in Memphis, FL?
A single adult needs roughly $32,550/year to cover basic living costs in Memphis, FL.