Cost of Living in Memphis, TN (2026) – Salary Needed & Budget Calculator
Thinking about moving to Memphis? Use this 2026 Memphis cost of living calculator to estimate rent, groceries, utilities, transportation, healthcare and taxes.
Monthly Budget Breakdown
Your salary provides a comfortable buffer for life in Memphis. You can save and enjoy leisure activities.
| Category | Monthly Cost |
|---|---|
| Rent (Single) | $1,150.00 |
| Utilities | $260.00 |
| Groceries | $450.00 |
| Transportation (Public) | $350.00 |
| Healthcare | $400.00 |
| Miscellaneous (10.0%) | $186.00 |
| Total Estimated Costs | $2,796.00 |
Tax & Benefits Breakdown
Quality of Life & Environment
Local Climate
Enjoy 194 days of sunshine per year. Summer highs avg 90°F, while winter lows dip to 24°F.
Safety & Crime Rate
Memphis ranks as a high safety zone compared to national averages for similar-sized metros.
Environmental Index
Air quality and environmental health factors in Tennessee remain a key priority for 2026.
Planning your move? Compare moving costs.
Memphis, TN Cost of Living Guide (2026)
Planning a move to Memphis, TN in 2026 requires a clear understanding of the local cost of living and economic landscape.
🏠 2026 Housing & Rent
The rental market in Memphis is competitive yet accessible. Expect to pay around $1,150 per month for a standard 1-bedroom unit. Tennessee's housing market continues to see steady growth, making timing your move essential.
💰 Taxes and Financial Planning
RELOCATING to Memphis offers a unique financial benefit, as Tennessee is one of the few states with no state income tax. This tax-friendly environment makes Memphis a top choice for remote workers and professionals looking to maximize their budget.
🌟 Local Vibe & Lifestyle
The social life in Memphis is vibrant, with seasonal festivals and a strong commitment to local small businesses, making it a great place for families and young professionals.
Salary Needed to Live Comfortably
In our estimation, to live a comfortable life in Memphis with a buffer for savings and hobbies, you would need a gross annual salary of approximately:
This assumes you want to save at least $1,000 per month after all expenses and taxes.
Frequently Asked Questions
Adjust Your Details
Compare Memphis
See how Memphis stacks up against other cities.
Nearby Cities to Explore
Moving to Memphis?
Get a free moving quote from our trusted partners and save up to 20%.
Get Free QuoteCalculator Disclaimer
The results provided by this calculator are estimates based on publicly available data and modeling assumptions. Actual living costs, taxes, and relocation expenses may vary depending on personal circumstances, market conditions, and local regulations. This tool is intended for informational purposes only and should not be considered financial, tax, or legal advice. Always consult a qualified professional before making financial or relocation decisions.