Cost of Living in Memphis, TN
Overall index: 69 (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 | 45 | -55% | $786 |
| Transportation | 109 | +9% | $3.50 |
| Food | 69 | -31% | $283 |
| Utilities | 73 | -27% | $81 |
| Healthcare | 73 | -27% | $59 |
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, TN needs approximately $24,150 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Memphis, TN?
The overall cost of living in Memphis, TN is 31% lower than the US national average (index: 69 where 100 = national average).
How much is rent in Memphis, TN?
Average rent for a 1-bedroom apartment in Memphis, TN is about $786/month.
Is Memphis, TN expensive to live in?
No, Memphis, TN is affordable (below national average).
What salary do I need to live in Memphis, TN?
A single adult needs roughly $24,150/year to cover basic living costs in Memphis, TN.