Memphis, TN Cost Of Living
Memphis's Overall Cost Of Living
Lower Than The National Average
In Tennessee
In America
What is the cost of living in Memphis, TN?
According to the most recent data on the cost of living, Memphis has an overall cost of living index of 79 which is 0.8x lower than the national index of 100.
Compared to only Tennessee, Memphis has a cost of living index that's 0.9x lower than Tennessee's index of 89.
The standard of living in Memphis ranks as #161 most affordable out of the 6,522 places we measured in Tennessee. By definition, that implies Memphis ranks as the #6,245 most expensive place in the Volunteer State.
Memphis Cost Of Living Vs. Tennessee
| Living Expense | Memphis | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 79 | 89 | 100 | |
| Services | 86 | 93 | 100 | |
| Groceries | 89 | 95 | 100 | |
| Health | 77 | 89 | 100 | |
| Housing | 62 | 80 | 100 | |
| Transportation | 87 | 88 | 100 | |
| Utilities | 88 | 96 | 100 | |
Memphis, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Median Home Value
Median Rent
Median Income
Detailed Memphis Services Costs Vs. Tennessee
Detailed Memphis Groceries Costs Vs. Tennessee
Detailed Memphis Health Costs Vs. Tennessee
Detailed Memphis Transportation Costs Vs. Tennessee
Detailed Memphis Utilities Costs Vs. Tennessee
Memphis SnackAbility
/10
Cost Of Living In Cities Around Memphis
| City | Population | Cost Of Living | Vs. Memphis |
|---|---|---|---|
| Bartlett, TN | 59,102 | 92 | 1.2x |
| Southaven, MS | 54,152 | 85 | 1.1x |
| Collierville, TN | 50,086 | 103 | 1.3x |
| Germantown, TN | 39,193 | 107 | 1.4x |
| Olive Branch, MS | 37,461 | 90 | 1.1x |
| Horn Lake, MS | 27,080 | 80 | 1.0x |
| West Memphis, AR | 24,823 | 76 | 1.0x |
| Hernando, MS | 15,942 | 89 | 1.1x |
| Lakeland, TN | 12,606 | 100 | 1.3x |
| Marion, AR | 12,404 | 85 | 1.1x |
