Memphis, Tennessee's cost of living is 17% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area. PayScale's Cost of Living Calculator can help you find out more about how your individual needs will factor in when beginning your research to figure out how much it would cost you to relocate.
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Cost of Living in Memphis, Tennessee by Expense Category
Housing, Utilities & Transportation
Memphis's housing expenses are 34% lower than the national average and the utility prices are 3% higher than the national average. Transportation expenses like bus fares and gas prices are 11% lower than the national average.
Median Home Price
$715.25 / month
$173.03 / month
$184.44 / month
$2.33 / gallon
Food & Grocery
Memphis has grocery prices that are 9% lower than the national average.
Loaf of Bread
Gallon of Milk
Carton of Eggs
Bunch of Bananas
Healthcare in Memphis is 15% lower than the national average.