Cost of Living in Memphis
Summary of cost of living in Memphis, TN, United States:
- The estimated monthly costs for a family of four are 3,940.9$, excluding rent (using our estimator).
- The estimated monthly costs for a single person are 1,115.6$, excluding rent.
- Memphis is 37.9% less expensive than New York (excluding rent, see our cost of living index).
- Rent in Memphis is, on average, 73.5% lower than in New York.
Restaurants |  Edit |
Range |
|---|---|---|
| Meal, Inexpensive Restaurant | 19.50 $ | |
| Meal for 2 People, Mid-range Restaurant, Three-course | 75.00 $ | |
| McMeal at McDonalds (or Equivalent Combo Meal) | 10.00 $ | |
| Domestic Beer (1 pint draught) | 6.00 $ | |
| Imported Beer (12 oz small bottle) | 8.00 $ | |
| Cappuccino (regular) | 5.20 $ | |
| Coke/Pepsi (12 oz small bottle) | 2.50 $ | |
| Water (12 oz small bottle) | 2.00 $ | |
Markets | Edit |
|
| Milk (regular), (1 gallon) | 3.69 $ | |
| Loaf of Fresh White Bread (1 lb) | 2.57 $ | |
| Rice (white), (1 lb) | 2.07 $ | |
| Eggs (regular) (12) | 4.12 $ | |
| Local Cheese (1 lb) | 5.07 $ | |
| Chicken Fillets (1 lb) | 4.94 $ | |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 7.00 $ | |
| Apples (1 lb) | 2.87 $ | |
| Banana (1 lb) | 0.72 $ | |
| Oranges (1 lb) | 2.42 $ | |
| Tomato (1 lb) | 2.20 $ | |
| Potato (1 lb) | 2.28 $ | |
| Onion (1 lb) | 1.56 $ | |
| Lettuce (1 head) | 2.30 $ | |
| Water (1.5 liter bottle) | 2.41 $ | |
| Bottle of Wine (Mid-Range) | 14.50 $ | |
| Domestic Beer (0.5 liter bottle) | 1.73 $ | |
| Imported Beer (12 oz small bottle) | 1.88 $ | |
| Cigarettes 20 Pack (Marlboro) | 8.00 $ | |
Transportation | Edit |
|
| One-way Ticket (Local Transport) | 1.25 $ | |
| Monthly Pass (Regular Price) | 12.50 $ | |
| Taxi Start (Normal Tariff) | 2.00 $ | |
| Taxi 1 mile (Normal Tariff) | 2.20 $ | |
| Taxi 1hour Waiting (Normal Tariff) | 20.00 $ | |
| Gasoline (1 gallon) | 3.02 $ | |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 30,000.00 $ | |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 26,381.90 $ | |
Utilities (Monthly) | Edit |
|
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 213.78 $ | |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data | 58.88 $ | |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 67.40 $ | |
Sports And Leisure | Edit |
|
| Fitness Club, Monthly Fee for 1 Adult | 37.67 $ | |
| Tennis Court Rent (1 Hour on Weekend) | 18.00 $ | |
| Cinema, International Release, 1 Seat | 12.86 $ | |
Childcare | Edit |
|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 1,561.67 $ | |
| International Primary School, Yearly for 1 Child | 27,240.00 $ | |
Clothing And Shoes | Edit |
|
| 1 Pair of Jeans (Levis 501 Or Similar) | 39.99 $ | |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | 32.50 $ | |
| 1 Pair of Nike Running Shoes (Mid-Range) | 74.67 $ | |
| 1 Pair of Men Leather Business Shoes | 138.60 $ | |
Rent Per Month | Edit |
|
| Apartment (1 bedroom) in City Centre | 1,187.14 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,131.43 $ | |
| Apartment (3 bedrooms) in City Centre | 1,571.43 $ | |
| Apartment (3 bedrooms) Outside of Centre | 1,609.38 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 137.28 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 137.28 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,514.30 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.53 |
Prices in Memphis, Tennessee
This city had 284 entries in the past 12 months by 25 different contributors.
Last update: 7 April 2025
Last update: 7 April 2025
Sources and References
Moving to Memphis, TN? Explore:
Distribution of Expenses Using Our Statistical Model:
Nearby Cities:| Cost of Living in Bartlett, Tennessee | 13.40 miles |
| Cost of Living in Olive Branch, Mississippi | 22.89 miles |
| Cost of Living in Blytheville, Arkansas | 67.90 miles |
| Cost of Living in Tupelo, Mississippi | 104.45 miles |
| Cost of Living in Portageville, Missouri | 107.90 miles |
| Cost of Living in Little Rock, Arkansas | 137.49 miles |
| Cost of Living in Arlington, Kentucky | 148.07 miles |
| Cost of Living in Melbourne, Arkansas | 158.42 miles |
| Cost of Living in West Plains, Missouri | 174.97 miles |
| Cost of Living in Jackson, Mississippi | 209.55 miles |
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