Memphis

Cost of living in Hernando

Composed in-house · four inputs · 14% of the overall score
B−
71/100
5th of 14
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The four inputs
Housing cost index111
Memphis 10045% · scores 68
Effective property tax rate0.62%
Memphis 0.81%25% · scores 89
Utilities97
Memphis 10020% · scores 63
Local sales tax7.06%
Memphis median 9.61%10% · scores 59
Vertical rule marks the Memphis reference. Composed in-house · ACS 2020–24. Every scale is on the methodology page.

Best Memphis suburbs for cost of living

All 14 ranked, Hernando highlighted
1West MemphisA−$120,1002Horn LakeB+$171,4003SouthavenB+$236,3004MarionB$212,4005HernandoB−$315,9006MillingtonB−$207,3007Olive BranchB−$290,0008AtokaB−$320,7009MemphisC+$169,00010BartlettC$310,40011GermantownC−$470,80012LakelandC−$388,90013ArlingtonD+$424,40014ColliervilleD+$485,900
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Better than Hernando on cost of living

Hernando grades B− on cost of living. Three suburbs are within 25 miles and score higher on the same four inputs.

SuburbCost of livingMedian home valueEff. tax rateOverall
West Memphis24 mi from HernandoA−$120k0.58% 45 D Horn Lake8 mi from HernandoB+$171k0.47% 54 C− Southaven7 mi from HernandoB+$236k0.62% 64 C+
Cost-of-living index composed in-house from housing cost, utilities, effective property tax and local sales tax · Median home value: ACS 2020–24 · Effective property tax: ACS 2020–24