Memphis

Cost of living in Memphis

Composed in-house · four inputs · 14% of the overall score
C+
66/100
9th of 14
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The four inputs
Housing cost index92
Memphis 10045% · scores 83
Effective property tax rate1.12%
Memphis 0.81%25% · scores 64
Utilities101
Memphis 10020% · scores 59
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, Memphis 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 Memphis on cost of living

Memphis 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
West Memphis13 mi from MemphisA−$120k0.58% 45 D Horn Lake12 mi from MemphisB+$171k0.47% 54 C− Southaven11 mi from MemphisB+$236k0.62% 64 C+ Marion15 mi from MemphisB$212k0.77% 55 C− Hernando18 mi from MemphisB−$316k0.62% 59 C Millington16 mi from MemphisB−$207k0.87% 48 D+
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