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.
Population
633,104
Median Home Price
$180,000
Property Tax Rate
1.29%
Median Income
$41,228
Cost of Living
82/ 100
The median household income in Memphis, TN is $41,228. This figure reflects all earners in a household and provides a benchmark for evaluating job offers. Individual salaries vary widely by industry, experience, and education level.
A salary of $41,228 in Memphis goes further or shorter depending on the cost of living index of 82. In cities with an index above 100, your dollar buys less than the national average; below 100, it buys more. Always run the numbers before accepting a job offer.
Memphis has a population of 633,104 and supports a diverse economy. Top sectors typically include healthcare, education, professional services, and retail. The local housing market — with a median price of $180,000 — influences which workers can afford to live close to employment centers.
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.
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.