Memphis, TN Cost of Living Calculator
Calculate cost of living in Memphis, TN. Compare rent, salary, and expenses. Free Memphis COL calculator with salary comparison.
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CalcLeap Editorial Team
Reviewed by certified professionals · Last updated April 1, 2026
Compare salary and living expenses in Memphis
Memphis Quick Stats
Cost of Living Index
83
US Average = 100
Average Rent
$1,100/mo
1-bedroom apartment
Median Income
$50,000
Per year
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About Living in Memphis, TN
The cost of living in Memphis is 17% lower than the US national average.
Key expenses in Memphis:
- Housing: Below average
- Average 1-bedroom rent: $1,100/month
- Median household income: $50,000/year