Cost of Living Comparison Between Phoenix, AZ and Memphis, TN 

Indices DifferenceInfo
Cost of Living in Memphis, TN is 8.0% lower than in Phoenix, AZ (excluding rent)
Cost of Living Including Rent in Memphis, TN is 15.2% lower than in Phoenix, AZ
Rent Prices in Memphis, TN are 30.9% lower than in Phoenix, AZ
Restaurant Prices in Memphis, TN are 6.4% lower than in Phoenix, AZ
Groceries Prices in Memphis, TN are 1.8% higher than in Phoenix, AZ
Local Purchasing Power in Memphis, TN is 3.6% lower than in Phoenix, AZ
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Phoenix, AZ Edit Memphis, TN Edit Difference
Meal, Inexpensive Restaurant 20.00 $ 19.50 $      -2.5 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 $ 75.00 $      -6.2 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $ 10.00 $      -16.7 %
Domestic Beer (1 pint draught) 6.00 $ 6.00 $      0.0 %
Imported Beer (12 oz small bottle) 7.00 $ 8.00 $      +14.3 %
Cappuccino (regular) 5.86 $ 5.20 $      -11.2 %
Coke/Pepsi (12 oz small bottle) 2.70 $ 2.50 $      -7.4 %
Water (12 oz small bottle) 2.21 $ 2.00 $      -9.3 %
Markets
Phoenix, AZ Edit Memphis, TN Edit
Milk (regular), (1 gallon) 3.35 $ 3.69 $      +9.9 %
Loaf of Fresh White Bread (1 lb) 3.80 $ 2.57 $      -32.3 %
Rice (white), (1 lb) 2.27 $ 2.07 $      -8.9 %
Eggs (regular) (12) 4.75 $ 4.12 $      -13.2 %
Local Cheese (1 lb) 5.42 $ 5.07 $      -6.5 %
Chicken Fillets (1 lb) 5.29 $ 4.94 $      -6.6 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.19 $ 7.00 $      +13.0 %
Apples (1 lb) 2.00 $ 2.87 $      +43.6 %
Banana (1 lb) 0.65 $ 0.72 $      +10.2 %
Oranges (1 lb) 1.81 $ 2.42 $      +34.0 %
Tomato (1 lb) 2.34 $ 2.20 $      -6.2 %
Potato (1 lb) 1.52 $ 2.28 $      +50.3 %
Onion (1 lb) 1.25 $ 1.56 $      +24.9 %
Lettuce (1 head) 1.96 $ 2.30 $      +17.6 %
Water (1.5 liter bottle) 2.30 $ 2.41 $      +4.8 %
Bottle of Wine (Mid-Range) 15.00 $ 14.50 $      -3.3 %
Domestic Beer (0.5 liter bottle) 2.20 $ 1.73 $      -21.5 %
Imported Beer (12 oz small bottle) 3.93 $ 1.88 $      -52.2 %
Cigarettes 20 Pack (Marlboro) 11.50 $ 8.00 $      -30.4 %
Transportation
Phoenix, AZ Edit Memphis, TN Edit
One-way Ticket (Local Transport) 2.25 $ 1.25 $      -44.4 %
Monthly Pass (Regular Price) 62.00 $ 12.50 $      -79.8 %
Taxi Start (Normal Tariff) 3.87 $ 2.00 $      -48.3 %
Taxi 1 mile (Normal Tariff) 2.20 $ 2.20 $      0.0 %
Taxi 1hour Waiting (Normal Tariff) 36.00 $ 20.00 $      -44.4 %
Gasoline (1 gallon) 3.73 $ 3.02 $      -19.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 31,000.00 $ 30,000.00 $      -3.2 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,631.53 $ 26,381.90 $      -0.9 %
Utilities (Monthly)
Phoenix, AZ Edit Memphis, TN Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 256.54 $ 213.78 $      -16.7 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 73.50 $ 58.88 $      -19.9 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 81.78 $ 67.40 $      -17.6 %
Sports And Leisure
Phoenix, AZ Edit Memphis, TN Edit
Fitness Club, Monthly Fee for 1 Adult 34.08 $ 37.67 $      +10.5 %
Tennis Court Rent (1 Hour on Weekend) 14.50 $ 18.00 $      +24.1 %
Cinema, International Release, 1 Seat 12.00 $ 12.86 $      +7.2 %
Childcare
Phoenix, AZ Edit Memphis, TN Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,142.86 $ 1,561.67 $      +36.6 %
International Primary School, Yearly for 1 Child 16,800.00 $ 27,240.00 $      +62.1 %
Clothing And Shoes
Phoenix, AZ Edit Memphis, TN Edit
1 Pair of Jeans (Levis 501 Or Similar) 54.76 $ 39.99 $      -27.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 41.15 $ 32.50 $      -21.0 %
1 Pair of Nike Running Shoes (Mid-Range) 93.68 $ 74.67 $      -20.3 %
1 Pair of Men Leather Business Shoes 119.53 $ 138.60 $      +16.0 %
Rent Per Month
Phoenix, AZ Edit Memphis, TN Edit
Apartment (1 bedroom) in City Centre 1,664.45 $ 1,187.14 $      -28.7 %
Apartment (1 bedroom) Outside of Centre 1,388.38 $ 1,131.43 $      -18.5 %
Apartment (3 bedrooms) in City Centre 2,633.96 $ 1,571.43 $      -40.3 %
Apartment (3 bedrooms) Outside of Centre 2,269.04 $ 1,609.38 $      -29.1 %
Buy Apartment Price
Phoenix, AZ Edit Memphis, TN Edit
Price per Square Feet to Buy Apartment in City Centre 358.29 $ 137.28 $      -61.7 %
Price per Square Feet to Buy Apartment Outside of Centre 289.01 $ 137.28 $      -52.5 %
Salaries And Financing
Phoenix, AZ Edit Memphis, TN Edit
Average Monthly Net Salary (After Tax) 4,297.98 $ 3,514.30 $      -18.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.48 6.53      +0.7 %
Last update: May 2025April 2025
Contributors in the past 12 months:12625