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Cost & Benefits

Cost of living in Memphis, Missouri

Simple answer

Typical rent is $471 a month.

Memphis is a city in Missouri. That rent number includes utilities. A typical household earns $55,125 a year.

Is Memphis affordable?See benefits in Memphis
People
1,782
Census average, 2020–2024
Typical rent
$471
Median gross rent, includes utilities
Typical pay
$55,125
Median household income, yearly
Typical home
$132,800
Median home value
2-bedroom fair rent
$962
Scotland County, MO

Memphis, Missouri has about 1,782 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $132,800.

HUD's fair-market rent for a 2-bedroom in Scotland County is $962 a month. That is the county number, not an apartment listing in Memphis. It runs from October 2026 through September 2027.

Missouri's prices sit at 90.8 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Missouri taxes wages. A typical combined sales tax is 8.4% as of January 1, 2026. That mix is statewide, not Memphis's exact store tax.

Some places in Missouri add a local wage tax. In 2023 the state average was about 0.18% of income. That is not a Memphis bill.

In July 2026, a typical Missouri home paid 16.09¢ per kilowatt-hour. That is a state average from EIA, not Memphis's bill.

EIA did not publish a 2025 all-grades gas price for Missouri in the table we use.

Among 350 places we list in Missouri with a rent figure, 343 have higher typical rent than Memphis.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Find SNAP stores near MemphisWhat EBT can buy in Missouri

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in Missouri

Bigger places in Missouri

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.