Memphis cost of living
Cost of living in the city of Memphis
Memphis, TN-MS-AR had 1,339,345 people in the Census Vintage 2024 estimates. The HUD area used for rent is Memphis, TN-MS-AR HUD Metro FMR Area. The 2024 all-items regional price parity is 92.2, where the U.S. average is 100.
2-bedroom Fair Market Rent
$1,301
FY 2027, principal HUD area
Median gross rent
$1,330
ACS 2024 1-year
Goods prices
96.2
BEA goods RPP, 2024
Utilities prices
74.1
BEA utilities RPP, 2024
Mean commute
24.4 minutes
ACS S0801, workers who did not work from home
Median household income
$68,124
ACS 2024, 2024 dollars
Median real estate taxes divided by median home value in this metro are 0.67%. Childcare prices are not in the verified dataset.
Benefits in Tennessee
Benefit rules in this tool follow the state, not the city. SNAP in Tennessee · Medicaid · Tennessee overview
Related comparisons
From Memphis
The eight largest 2-bedroom Fair Market Rent gaps from Memphis.
- Memphis and San Francisco · rent gap $2,396
- Memphis and San Jose · rent gap $1,971
- Memphis and Boston · rent gap $1,707
- Memphis and New York · rent gap $1,670
- Memphis and Los Angeles · rent gap $1,663
- Memphis and San Diego · rent gap $1,522
- Memphis and Miami · rent gap $1,263
- Memphis and Seattle · rent gap $1,248
Nearby metros
Next in the population ranking: Richmond, Salt Lake City, Birmingham