Memphis cost of living index: 82/100 (100 = national avg). Median home $180,000, median income $41,228. See housing, groceries & more.
Population
633,104
Median Home Price
$180,000
Property Tax Rate
1.29%
Median Income
$41,228
Cost of Living
82/ 100
Memphis, TN has a cost of living index of 82, where 100 represents the national average. This index covers housing, groceries, utilities, transportation, and healthcare. A score above 100 means Memphis is more expensive than the typical American city.
Housing is usually the largest expense. The median home price in Memphis is $180,000, and the property tax rate is 1.29%. Rent prices generally correlate with the overall cost of living index. If you earn the local median household income of $41,228, housing affordability is a critical factor.
The median household income in Memphis is $41,228. When adjusted for the cost of living index of 82, your real purchasing power may be higher or lower than the raw salary suggests. Always compare salaries on a cost-adjusted basis when evaluating a move.
Use our free calculator with Memphis-specific data already filled in.
Open Memphis CalculatorPlanning a move to Memphis? Cost of living index: 82/100. Median home: $180,000. Median income: $41,228. Get the full relocation breakdown.
Median home price in Memphis: $180,000. Property tax rate: 1.29%. Get mortgage estimates, affordability analysis, and local market insights.
Median household income in Memphis: $41,228. Cost of living index: 82/100. See how far your salary really goes and compare local job market data.
Property tax rate in Memphis: 1.29%. Median home price: $180,000. Calculate your annual bill, compare to state averages, and find exemptions.
Should you rent in Memphis? Cost of living index: 82/100. Median income: $41,228. See how much rent you can afford and where to look.
What does commuting cost in Memphis? Population: 633,104. Median income: $41,228. Compare transit, driving, and biking options with real local data.
Median home in Memphis: $180,000. Tax rate: 1.29%. Compare Memphis neighborhoods by price, schools, and lifestyle to find the right fit.