How Much Does Cost of Living Cost in Memphis, TN?
Monthly cost of living for a single person. Updated March 2026 with data from BLS, U.S. Census Bureau, and industry surveys.
Typical Cost Range
$2.050 – $4.510
-18% vs national average
$2.050$3.280$4.510
LowNational avg: $4.000High
Memphis vs State & National Average
| Category | Memphis | Tennessee Avg | National Avg |
|---|---|---|---|
| Average cost | $3.280 | $3.316 | $4.000 |
| Low estimate | $2.050 | $2.487 | $3.000 |
| High estimate | $4.510 | $4.311 | $5.200 |
Detailed Cost Breakdown
| Item | Low | High | |
|---|---|---|---|
| Housing / Rent | $820 | $2.050 | per month |
| Groceries | $246 | $492 | per month |
| Transportation | $164 | $410 | per month |
| Utilities | $123 | $246 | per month |
| Healthcare | $164 | $410 | per month |
| Entertainment | $82 | $246 | per month |
Cost of Living in Nearby Cities
Frequently Asked Questions
How much does cost of living cost in Memphis?
In Memphis, TN, cost of living typically costs between $2.050 and $4.510. The average is $3.280, which is 18% below the national average.
Is Memphis expensive for cost of living?
Memphis has a cost-of-living index of 82 (100 = national average). Cost of Living costs are 18% lower than the national average of $4.000.
What factors affect cost of living costs in Memphis?
Key factors include local labor costs, cost of materials, market competition, Tennessee state regulations, and Memphis's overall cost of living (index: 82/100). Prices can also vary by season and specific requirements.