Cost of Living Comparison Between Nashville, TN and Memphis, TN 

Indices DifferenceInfo
Consumer Prices in Memphis, TN are 14.5% lower than in Nashville, TN (without rent)
Consumer Prices Including Rent in Memphis, TN are 26.5% lower than in Nashville, TN
Rent Prices in Memphis, TN are 46.0% lower than in Nashville, TN
Restaurant Prices in Memphis, TN are 15.9% lower than in Nashville, TN
Groceries Prices in Memphis, TN are 13.2% lower than in Nashville, TN
Local Purchasing Power in Memphis, TN is 15.1% higher than in Nashville, TN
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Nashville, TN Edit Memphis, TN Edit Difference
Meal, Inexpensive Restaurant 18.25 $ 15.50 $      -15.1 %
Meal for 2 People, Mid-range Restaurant, Three-course 80.00 $ 65.00 $      -18.8 %
McMeal at McDonalds (or Equivalent Combo Meal) 10.50 $ 9.00 $      -14.3 %
Domestic Beer (1 pint draught) 6.62 $ 5.00 $      -24.5 %
Imported Beer (12 oz small bottle) 8.50 $ 8.00 $      -5.9 %
Cappuccino (regular) 5.22 $ 4.67 $      -10.6 %
Coke/Pepsi (12 oz small bottle) 2.53 $ 2.12 $      -16.2 %
Water (12 oz small bottle) 2.47 $ 1.87 $      -24.3 %
Markets
Nashville, TN Edit Memphis, TN Edit
Milk (regular), (1 gallon) 4.28 $ 3.77 $      -12.1 %
Loaf of Fresh White Bread (1 lb) 3.56 $ 2.19 $      -38.5 %
Rice (white), (1 lb) 2.36 $ 1.76 $      -25.5 %
Eggs (regular) (12) 2.82 $ 4.33 $      +53.4 %
Local Cheese (1 lb) 6.52 $ 4.65 $      -28.6 %
Chicken Fillets (1 lb) 6.64 $ 4.74 $      -28.6 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 7.62 $ 7.66 $      +0.6 %
Apples (1 lb) 2.58 $ 2.21 $      -14.2 %
Banana (1 lb) 0.93 $ 0.71 $      -24.4 %
Oranges (1 lb) 2.29 $ 1.71 $      -25.2 %
Tomato (1 lb) 2.41 $ 2.18 $      -9.2 %
Potato (1 lb) 1.35 $ 1.88 $      +39.0 %
Onion (1 lb) 1.46 $ 1.39 $      -5.0 %
Lettuce (1 head) 2.48 $ 2.24 $      -9.6 %
Water (1.5 liter bottle) 2.24 $ 1.89 $      -15.9 %
Bottle of Wine (Mid-Range) 15.50 $ 14.50 $      -6.5 %
Domestic Beer (0.5 liter bottle) 1.86 $ 1.73 $      -7.1 %
Imported Beer (12 oz small bottle) 4.47 $ 1.88 $      -58.1 %
Cigarettes 20 Pack (Marlboro) 8.00 $ 8.00 $      0.0 %
Transportation
Nashville, TN Edit Memphis, TN Edit
One-way Ticket (Local Transport) 2.25 $ 1.25 $      -44.4 %
Monthly Pass (Regular Price) 70.00 $ 12.50 $      -82.1 %
Taxi Start (Normal Tariff) 5.00 $ 2.00 $      -60.0 %
Taxi 1 mile (Normal Tariff) 2.50 $ 2.20 $      -12.0 %
Taxi 1hour Waiting (Normal Tariff) 21.00 $ 20.00 $      -4.8 %
Gasoline (1 gallon) 3.27 $ 3.23 $      -1.1 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 30,000.00 $ 33,000.00 $      +10.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 26,347.89 $ 27,344.38 $      +3.8 %
Utilities (Monthly)
Nashville, TN Edit Memphis, TN Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 178.95 $ 238.43 $      +33.2 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 70.00 $ 54.50 $      -22.1 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 77.11 $ 72.43 $      -6.1 %
Sports And Leisure
Nashville, TN Edit Memphis, TN Edit
Fitness Club, Monthly Fee for 1 Adult 42.50 $ 30.00 $      -29.4 %
Tennis Court Rent (1 Hour on Weekend) 35.00 $ 18.00 $      -48.6 %
Cinema, International Release, 1 Seat 15.25 $ 13.00 $      -14.8 %
Childcare
Nashville, TN Edit Memphis, TN Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 1,341.25 $ 1,436.67 $      +7.1 %
International Primary School, Yearly for 1 Child 20,500.00 $ 27,240.00 $      +32.9 %
Clothing And Shoes
Nashville, TN Edit Memphis, TN Edit
1 Pair of Jeans (Levis 501 Or Similar) 55.27 $ 46.74 $      -15.4 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 49.12 $ 33.75 $      -31.3 %
1 Pair of Nike Running Shoes (Mid-Range) 96.36 $ 79.71 $      -17.3 %
1 Pair of Men Leather Business Shoes 129.50 $ 152.80 $      +18.0 %
Rent Per Month
Nashville, TN Edit Memphis, TN Edit
Apartment (1 bedroom) in City Centre 2,085.71 $ 1,024.00 $      -50.9 %
Apartment (1 bedroom) Outside of Centre 1,632.19 $ 1,018.75 $      -37.6 %
Apartment (3 bedrooms) in City Centre 3,767.65 $ 1,728.33 $      -54.1 %
Apartment (3 bedrooms) Outside of Centre 2,581.94 $ 1,661.00 $      -35.7 %
Buy Apartment Price
Nashville, TN Edit Memphis, TN Edit
Price per Square Feet to Buy Apartment in City Centre 334.28 $ 126.83 $      -62.1 %
Price per Square Feet to Buy Apartment Outside of Centre 300.00 $ 126.83 $      -57.7 %
Salaries And Financing
Nashville, TN Edit Memphis, TN Edit
Average Monthly Net Salary (After Tax) 4,632.36 $ 3,918.00 $      -15.4 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.55 6.58      +0.5 %
Last update: April 2024March 2024
Contributors in the past 12 months:7531