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Cost of Living in Memphis, TN

78.9
Very Affordable · National average is 100

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$48,090
Median Income
$1,050/mo
Median Rent
$139,600
Median Home
630,027
Population

Cost Breakdown

🏠Housing
73.7
0Nat'l Avg (100)200
🛒Groceries
74.9
0Nat'l Avg (100)200
🚗Transportation
78.9
0Nat'l Avg (100)200
🏥Healthcare
78.2
0Nat'l Avg (100)200
⚡Utilities
80.2
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$819
est.
$924
est.
$1,050$1,344
est.
$1,533
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Memphis with cities in the area

Southaven, MS
Affordable
91.4
Horn Lake, MS
Affordable
85.8
Germantown, TN
Expensive
131.1
Bartlett, TN
Above Average
106.2
Olive Branch, MS
Above Average
105.8
West Memphis, AR
Very Affordable
67.6
Compare Memphis vs SouthavenCompare Memphis vs Horn LakeCompare Memphis vs Germantown