Summary of The Cost of Living in Memphis, Tennessee, United States
• The average monthly cost of living for a single person in Memphis is $3,168.00 including rent, or $1,868.00 excluding rent.
• The average monthly cost of living for a couple (2 adults) in Memphis is $4,453.40 including rent, or $3,153.40 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) in Memphis is $6,235.90 including rent, or $4,545.90 excluding rent.
• The average yearly cost of living in Memphis ranges from $38,016.00 for a single person to $53,440.80 for a couple, and $74,830.80 for a family of four, including rent. Excluding rent, the yearly range is $22,416.00 for a single person to $37,840.80 for a couple, and $54,550.80 for a family of four.
• For budget-conscious living in Memphis, baseline monthly expenses range from $2,005.00 for a single person to $2,762.50 for a couple, and $3,864.50 for a family of four, including rent. Excluding rent, the range is $1,055.00 for a single person to $1,812.50 for a couple, and $2,629.50 for a family of four.
• For comfortable/luxury living in Memphis, estimated monthly expenses range from $5,072.00 for a single person to $7,197.10 for a couple, and $10,020.60 for a family of four, including rent. Excluding rent, the range is $3,272.00 for a single person to $5,397.10 for a couple, and $7,680.60 for a family of four.
• The average monthly salary for a person in Memphis is $4,700.00, which is 151.6% more than the average monthly cost of living and 345.5% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |