Is Memphis an affordable place to live?

image of apartment building

Your dollar will go far in Memphis. Comparatively speaking, the cost of living in Memphis is much lower than most major cities in the United States, including New York, Los Angeles, and Seattle. 

  • Average Monthly Net Salary (after tax): $4,360.42 
  • Median 2-bedroom apartment rent: $1,189
  • Median home price (3BR, 2BA): $328,823
  • Gas (per gallon): $3.26
  • Bread: $3.58
  • Dozen eggs: $1.84
  • Gallon of milk: $2.38
  • Movie ticket: $12.72
  • Yoga class: $16.29

For more information on the cost of living in Memphis, visit Numbeo.