Memphis Cost Of Living. The cost of housing in memphis is less expensive than the united states average and earns a score of 6 out of 10. The cost of living index in memphis is 65.95, setting it up as an affordable option in the us.
This calculation uses our cost of living plus rent index to compare cost of living. The cost of living in memphis is average. While a family of four can expect to pay around $2,960 per month.
The concept of the cost of living can help you figure out what apartment you can afford and what neighborhoods you should consider. The cost of living in memphis is 8% lower than the tennessee average. Nerdwallet's cost of living calculator shows you what it costs to live and the quality of life in memphis, tn.
An amount below 100 means memphis. The cost of living in memphis is average. You would need around 4,530.87$ in virginia beach, va to maintain the same standard of life that you can have with 4,200.00 $ in memphis, tn (assuming you rent in both cities).
Cities ranked 503rd and 2429th ($1919 vs $1579) in the list of the most expensive cities in the world and ranked 342nd and 1828th in the united states. Memphis housing is 38% lower than the national average. Food costs for an individual:
Breakdown of prices in memphis, united states for housing, food, transportation, going out for march 2022. Summary about cost of living in memphis, tn, united. Large apartment $950 $1,400 $1,200.
Memphis is 51% cheaper than new york city. Memphis is also an attractive place to live, in addition to being affordable. This assumes net earnings (after income tax).