Memphis, TN — Cost of Living
2024 data · BEA Regional Price Parities · U.S. Census ACS
92.2
Overall Index
100 = U.S. avg
$238,000
Median Home Price
Purchase
$1,425
Median Rent
Per month
$64,000
Median Income
Household
5.7%
Unemployment
Rate
633,104
Population
Residents
Category Cost Indices
🏠
79.8
Housing
🛒
96.2
Groceries
🚗
100.1
Transport
🏥
90.6
Healthcare
⚡
74.1
Utilities
100 = U.S. national average
Top Industries
LogisticsHealthcareManufacturingTourismGovernment
Compare Memphis Against Other Cities
Memphis vs Chattanooga, TN
Chattanooga index: 91.5
-0.8%
Memphis vs Clarksville, TN
Clarksville index: 90.9
-1.4%
Memphis vs Johnson City, TN
Johnson City index: 87.9
-4.7%
Memphis vs Louisville, KY
Louisville index: 93.1
+1%
Memphis vs Las Vegas, NV
Las Vegas index: 100.2
+8.7%
Memphis vs Portland, OR
Portland index: 105.4
+14.3%
Memphis vs Detroit, MI
Detroit index: 100.3
+8.8%
Memphis vs El Paso, TX
El Paso index: 89.9
-2.5%
Memphis can be compared against 294 other cities. View all TN cities →