Cost of Living in Memphis, TN-MS-AR
Cost index (US metro avg = 100)
92.5
-8% below average
Median household income
$66,401
relative rent (Census ACS), US metro median = 100
| Median gross rent | $1,220/mo |
| Median home value | $245,900 |
| Median household income | $66,401 |
| Per-capita income | $37,885 |
| Population | 1,341,924 |
Memphis, TN-MS-AR has a cost index of 92.5, meaning day-to-day costs run 8% below the typical US metro. Compare what a salary is worth here versus another city with the salary calculator.