Average Cost Of Living In Memphis Tennessee. A cost of living index above 100 means memphis, tennessee is more expensive. An amount below 100 means memphis is cheaper than the us average.
Of course the cost of living includes a variety of factors, so we’ll take a look at each. The current median home price in memphis is $205,000. Family of four estimated monthly costs are 3,047.26$ without rent (using our estimator).
Rent prices and mortgage expenses are considerably lower than the national average. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. The cost of living in memphis is 8% lower than the tennessee average.
Memphis housing is 38% lower than the national average. The city’s cost of living is 18% lower than the national average and has a 3.9% unemployment rate.homes in this area have a median home price of $93,700 and median rent of $842, which makes living here perfect no matter your stage in life!memphis is also home to. Family of four estimated monthly costs are 3,047.26$ without rent (using our estimator).
A single person estimated monthly costs are 873.33$ without rent. Compare cost of living in memphis with factors like salaries, housing expenses, groceries, utilities and more. Compare the cost of living in tennessee against another us state.
The current median home price in memphis is $205,000. These estimates are based on data that may have some inconsistencies at the moment. Memphis is one of the least expensive cities to live in the united states.
A single person monthly costs: 2,843.35$ without rent (using our estimator). Single person estimated monthly costs: