Cost of living in Memphis

In Memphis, United States, living costs about $1842 per month for one person and $4402 for a family of four, including rent.

How expensive is Memphis compared to other cities?

Compared to the European benchmark, Memphis is 29% more expensive overall.

How does Memphis compare to your city?

Memphis is 46% cheaper than New York City, without rent.

Rent in Memphis is, on average, 59% lower than in New York City.

What drives the cost of living in Memphis?

Who is Memphis a good fit for?

Memphis tends to fit higher-income residents who can comfortably absorb housing costs. It can be challenging on a moderate budget, mainly due to rent and utilities.

FAQ

Why is Memphis so expensive?

The high cost of living in Memphis is primarily driven by elevated rent and utility expenses, making it a significant factor for residents.

Is food expensive in Memphis?

Food prices in Memphis are 16% higher than the European benchmark, contributing to the overall living costs.

Is public transport affordable in Memphis?

Public transport in Memphis is 5% lower than the European benchmark, making it relatively affordable compared to other expenses.

Cost of living breakdown

Cost of Living, one person, including rent
1842 $
Without Rent
770 $
Rent & Utilities
1073 $
Food
554 $
Transport
71 $
Monthly Salary, after tax
3551 $
GDP per Capita
81,695 $
Freedom Index
8.39
Lifespan
77 years
Speak English
96%
Population
633.0K

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 14.9 $
Dinner 58.2 $
Fast food, McDonalds or KFC 9.57 $
Beer, 0.5 L or 16 fl oz 5.44 $
Capuccino 4.96 $
Coke, 330ml 2.49 $

Compare Memphis with:

Markets

Milk, 1 L or 1 qt 0.95 $
Bread, 0.5 kg or 1 lb 2.33 $
Rice, 1 kg or 2 lb 3.64 $
Eggs, 12 pack 3.31 $
Cheese, 1 kg or 2 lb 10.1 $
Chicken Breast, 1 kg or 2 lb 9.76 $
Round Steak, 1 kg or 2 lb 16 $
Apples, 1 kg or 2 lb 5.65 $
Banana, 1 kg or 2 lb 1.61 $
Oranges, 1 kg or 2 lb 4.98 $
Tomato, 1 kg or 2 lb 4.64 $
Potato, 1 kg or 2.2 lb 3.35 $
Onion, 1 kg or 2.2 lb 3.1 $
Water, 1 L or 1 qt 1.57 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.15 $
Wine, 750 mL bottle 15.3 $
Beer, 0.5 L or 16 fl oz 2.06 $
Cigarette pack 7.73 $

Transportation

One-way Ticket 1.25 $
Monthly Pass 24.5 $
Gas or Petrol, 1l or 0.26 gal 0.82 $
Taxi, 8 km 12.6 $

Personal Care

Doctor Visit, private clinic 130 $
Cold medicine, for 1 week 8.16 $
Hair Shampoo, 400 ml or 12 oz. 4.97 $
Toilet paper, 4 rolls 3.09 $
Toothpaste, 1 tube 1.32 $

Utilities per Month

1 person, electricity, heating, water & garbage 132 $
Family of 4, electricity, heating, water & garbage 202 $
Internet plan, +60 Mbps 64.5 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 858 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,354 $
1 Bedroom Apartment, in city center, 40 sq.m 950 $
3 Bedroom Apartment, in city center, 85 sq.m 1,501 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 1,379 $
Price per Square Meter to Buy House, in suburbs 1,357 $

Salaries and Financing

Average Monthly Net Salary, after tax 3,551 $
Mortgage Interest Rate, for 20 years fixed-rate 6.59%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 33.6 $
Cinema, 1 seat 12.2 $
Haircut 13.7 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 75.3 $
Brand Jeans, Levis 501 40.1 $

Childcare

Preschool, full day, monthly for 1 child 1,428 $
International Primary School, yearly for 1 child 27,502 $

Compare Memphis with other top cities

Cayman Islands
Memphis vs George Town (George Town is 98% more expensive)
Bahamas
Memphis vs Nassau (Nassau is 50% more expensive) Memphis vs Freeport (Freeport is 19% more expensive)
Vanuatu
Memphis vs Port Vila (Port Vila is 28% more expensive) Memphis vs Luganville (Luganville is 66% more expensive)
United States
Memphis vs New York City (New York City is 120% more expensive) Memphis vs Los Angeles (Los Angeles is 73% more expensive) Memphis vs Chicago (Chicago is 45% more expensive) Memphis vs Houston (Houston is 22% more expensive) Memphis vs Phoenix (Phoenix is 29% more expensive) Memphis vs Philadelphia (Philadelphia is 38% more expensive) Memphis vs San Antonio (San Antonio is 19% more expensive) Memphis vs San Diego (San Diego is 82% more expensive) Memphis vs Dallas (Dallas is 38% more expensive) Memphis vs San Jose (San Jose is 99% more expensive)
Canada
Memphis vs Toronto (Toronto is 40% more expensive) Memphis vs Montreal (Montreal is 6% more expensive) Memphis vs Calgary (Calgary is 17% more expensive) Memphis vs Ottawa (Ottawa is 21% more expensive) Memphis vs Edmonton (Edmonton is 3% less expensive) Memphis vs Winnipeg (Winnipeg is 5% less expensive) Memphis vs Mississauga (Mississauga is 34% more expensive) Memphis vs Vancouver (Vancouver is 44% more expensive) Memphis vs Brampton (Brampton is 15% more expensive) Memphis vs Hamilton (Hamilton is 17% more expensive)
Barbados
Memphis vs Bridgetown (Bridgetown is 26% less expensive) Memphis vs Holetown (Holetown is 25% less expensive)
Panama
Memphis vs Panama City (Panama City is 25% less expensive) Memphis vs Colon (Colon is 36% less expensive) Memphis vs Tocumen (Tocumen is 33% less expensive) Memphis vs Santiago de Veraguas (Santiago de Veraguas is 43% less expensive) Memphis vs David (David is 55% less expensive) Memphis vs La Chorrera (La Chorrera is 48% less expensive) Memphis vs Balboa (Balboa is 32% less expensive) Memphis vs Pacora (Pacora is 32% less expensive) Memphis vs Chitre (Chitre is 41% less expensive) Memphis vs Penonome (Penonome is 40% less expensive)
Saint Kitts And Nevis
Memphis vs Basseterre (Basseterre is 33% less expensive) Memphis vs Cayon (Cayon is 33% less expensive)
Cuba
Memphis vs Havana (Havana is 44% less expensive) Memphis vs Santiago de Cuba (Santiago de Cuba is 23% less expensive) Memphis vs Holguin (Holguin is 31% less expensive) Memphis vs Camaguey (Camaguey is 17% less expensive) Memphis vs Santa Clara (Santa Clara is 43% less expensive) Memphis vs Bayamo (Bayamo is 37% less expensive) Memphis vs Guantanamo (Guantanamo is 15% less expensive) Memphis vs Las Tunas (Las Tunas is 16% less expensive) Memphis vs Pinar del Rio (Pinar del Rio is 40% less expensive) Memphis vs Cienfuegos (Cienfuegos is 52% less expensive)
Costa Rica
Memphis vs San Jose (San Jose is 33% less expensive) Memphis vs Limon (Limon is 35% less expensive) Memphis vs Liberia (Liberia is 51% less expensive) Memphis vs Alajuela (Alajuela is 33% less expensive) Memphis vs Puntarenas (Puntarenas is 31% less expensive) Memphis vs Cartago (Cartago is 48% less expensive) Memphis vs Heredia (Heredia is 32% less expensive) Memphis vs Tamarindo (Tamarindo is 8% less expensive) Memphis vs Santa Teresa (Santa Teresa is 29% less expensive)
Saint Lucia
Memphis vs Castries (Castries is 37% less expensive) Memphis vs Vieux Fort (Vieux Fort is 35% less expensive)
Jamaica
Memphis vs Kingston (Kingston is 28% less expensive) Memphis vs Spanish Town (Spanish Town is 57% less expensive) Memphis vs Montego Bay (Montego Bay is 45% less expensive) Memphis vs Half Way Tree (Half Way Tree is 37% less expensive) Memphis vs May Pen (May Pen is 55% less expensive) Memphis vs Mandeville (Mandeville is 47% less expensive) Memphis vs Old Harbour (Old Harbour is 54% less expensive) Memphis vs Linstead (Linstead is 43% less expensive) Memphis vs Savanna-la-Mar (Savanna-la-Mar is 39% less expensive) Memphis vs Port Antonio (Port Antonio is 38% less expensive)
El Salvador
Memphis vs San Salvador (San Salvador is 35% less expensive) Memphis vs Santa Ana (Santa Ana is 62% less expensive) Memphis vs Soyapango (Soyapango is 36% less expensive) Memphis vs San Miguel (San Miguel is 41% less expensive) Memphis vs Mejicanos (Mejicanos is 37% less expensive) Memphis vs Apopa (Apopa is 38% less expensive) Memphis vs Santa Tecla (Santa Tecla is 35% less expensive) Memphis vs Ahuachapan (Ahuachapan is 21% less expensive) Memphis vs Usulutan (Usulutan is 41% less expensive) Memphis vs Sonsonate (Sonsonate is 52% less expensive)
Antigua And Barbuda
Memphis vs St. John's (St. John's is 41% less expensive) Memphis vs All Saints (All Saints is 41% less expensive)
Grenada
Memphis vs St. George's (St. George's is 42% less expensive) Memphis vs Grenville (Grenville is 42% less expensive)
Dominica
Memphis vs Roseau (Roseau is 46% less expensive) Memphis vs Portsmouth (Portsmouth is 38% less expensive)
Saint Vincent
Memphis vs Kingstown (Kingstown is 47% less expensive) Memphis vs Georgetown (Georgetown is 45% less expensive)
Belize
Memphis vs Belize City (Belize City is 52% less expensive) Memphis vs San Ignacio (San Ignacio is 41% less expensive) Memphis vs Belmopan (Belmopan is 60% less expensive) Memphis vs San Pedro Town (San Pedro Town is 28% less expensive) Memphis vs Caye Caulker (Caye Caulker is 15% less expensive)
Guatemala
Memphis vs Guatemala City (Guatemala City is 45% less expensive) Memphis vs Mixco (Mixco is 65% less expensive) Memphis vs Coban (Coban is 50% less expensive) Memphis vs Quetzaltenango (Quetzaltenango is 58% less expensive) Memphis vs Jalapa (Jalapa is 51% less expensive) Memphis vs San Miguel Petapa (San Miguel Petapa is 51% less expensive) Memphis vs Momostenango (Momostenango is 53% less expensive) Memphis vs Mazatenango (Mazatenango is 53% less expensive) Memphis vs Flores (Flores is 53% less expensive) Memphis vs Panajachel (Panajachel is 57% less expensive)
Honduras
Memphis vs Tegucigalpa (Tegucigalpa is 55% less expensive) Memphis vs San Pedro Sula (San Pedro Sula is 44% less expensive) Memphis vs Choloma (Choloma is 67% less expensive) Memphis vs La Ceiba (La Ceiba is 65% less expensive) Memphis vs El Progreso (El Progreso is 52% less expensive) Memphis vs Villanueva (Villanueva is 53% less expensive) Memphis vs Comayagua (Comayagua is 61% less expensive) Memphis vs Puerto Cortes (Puerto Cortes is 61% less expensive) Memphis vs Yoro (Yoro is 60% less expensive) Memphis vs La Lima (La Lima is 53% less expensive)
Dominican Republic
Memphis vs Santiago de los Caballeros (Santiago de los Caballeros is 57% less expensive) Memphis vs Santo Domingo (Santo Domingo is 43% less expensive) Memphis vs Puerto Plata (Puerto Plata is 58% less expensive) Memphis vs Higuey (Higuey is 58% less expensive) Memphis vs La Vega (La Vega is 69% less expensive) Memphis vs San Cristobal (San Cristobal is 55% less expensive) Memphis vs San Pedro de Macoris (San Pedro de Macoris is 60% less expensive) Memphis vs San Francisco de Macoris (San Francisco de Macoris is 71% less expensive) Memphis vs San Juan de la Maguana (San Juan de la Maguana is 66% less expensive) Memphis vs Bonao (Bonao is 71% less expensive)
Nicaragua
Memphis vs Managua (Managua is 58% less expensive) Memphis vs Leon (Leon is 65% less expensive) Memphis vs Masaya (Masaya is 61% less expensive) Memphis vs Matagalpa (Matagalpa is 70% less expensive) Memphis vs Chinandega (Chinandega is 65% less expensive) Memphis vs Esteli (Esteli is 68% less expensive) Memphis vs Granada (Granada is 62% less expensive) Memphis vs Jinotega (Jinotega is 75% less expensive) Memphis vs Juigalpa (Juigalpa is 64% less expensive) Memphis vs San Juan del Sur (San Juan del Sur is 52% less expensive)