Planning a move to Memphis? Cost of living index: 82/100. Median home: $180,000. Median income: $41,228. Get the full relocation breakdown.
Population
633,104
Median Home Price
$180,000
Property Tax Rate
1.29%
Median Income
$41,228
Cost of Living
82/ 100
Memphis is home to approximately 633,104 residents and offers a cost of living index of 82 compared to the national average of 100. Whether you are relocating for work or lifestyle, understanding the local economy and housing market is the first step to a successful move.
The median home price in Memphis is $180,000, and the local property tax rate sits at 1.29%. Renters can expect prices that track with the overall cost of living index of 82. Before signing a lease or making an offer, compare these numbers against your budget and the median household income of $41,228 in the area.
The median household income in Memphis, TN is $41,228. Major employers span healthcare, technology, education, and government sectors. Evaluating local salaries against the cost of living index of 82 will help you understand your real purchasing power after the move.
Property taxes in Memphis average 1.29% of assessed value. Depending on TN income tax rules, your overall tax burden may be higher or lower than your current location. Use a salary-after-tax calculator to see the net impact before committing to the move.
Use our free calculator with Memphis-specific data already filled in.
Open Memphis CalculatorMedian home price in Memphis: $180,000. Property tax rate: 1.29%. Get mortgage estimates, affordability analysis, and local market insights.
Memphis cost of living index: 82/100 (100 = national avg). Median home $180,000, median income $41,228. See housing, groceries & more.
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.