Memphis

Cost of living in Lakeland

Composed in-house · four inputs · 14% of the overall score
C−
53/100
12th of 14
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The four inputs
Housing cost index142
Memphis 10045% · scores 44
Effective property tax rate0.81%
Memphis 0.81%25% · scores 79
Utilities99
Memphis 10020% · scores 61
Local sales tax9.61%
Memphis median 9.61%10% · scores 8
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, Lakeland 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 Lakeland on cost of living

Lakeland grades C− on cost of living. Six suburbs are within 25 miles and score higher on the same four inputs.

SuburbCost of livingMedian home valueEff. tax rateOverall
Millington11 mi from LakelandB−$207k0.87% 48 D+ Olive Branch22 mi from LakelandB−$290k0.50% 66 C+ Atoka12 mi from LakelandB−$321k0.54% 56 C− Memphis17 mi from LakelandC+$169k1.12% 43 D Bartlett6 mi from LakelandC$310k0.90% 66 C+ Germantown13 mi from LakelandC−$471k0.99% 73 B
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