Median home in Memphis: $180,000. Tax rate: 1.29%. Compare Memphis neighborhoods by price, schools, and lifestyle to find the right fit.
Population
633,104
Median Home Price
$180,000
Property Tax Rate
1.29%
Median Income
$41,228
Cost of Living
82/ 100
Memphis, TN is a community of 633,104 residents with distinct neighborhoods that vary in character, price, and amenities. The median home price citywide is $180,000, but individual neighborhoods can range well above or below this figure.
With a cost of living index of 82 and a median household income of $41,228, Memphis offers neighborhoods at multiple price points. Budget-friendly areas may offer larger homes for less, while premium neighborhoods command higher prices but may include better schools and amenities.
When evaluating neighborhoods in Memphis, consider property tax rates (averaging 1.29%), school quality, proximity to work, walkability, and future development plans. The right neighborhood balances lifestyle preferences with financial realities.
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.
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.