Cost of Living in Memphis, TN
Memphis, TN-MS-AR — prices, rents and what jobs really pay here after taxes.
Salary comparison calculator
What would you need to earn in Memphis, TN to keep the same lifestyle — after taxes — as in another city?
Prices in Memphis, TN vs. the U.S. average
| Category | Index (U.S. = 100) | Difference |
|---|---|---|
| All items | 92.2 | −7.8% |
| Housing | 79.8 | −20.2% |
| Goods | 96.2 | −3.8% |
| Utilities | 74.1 | −25.9% |
| Other services | 95.4 | −4.6% |
Source: BEA Regional Price Parities, 2024.
Rent in Memphis, TN
| Unit | Monthly rent | Income needed (30% rule) |
|---|---|---|
| Studio | $1,047 | $41,880/yr |
| 1 bedroom | $1,137 | $45,480/yr |
| 2 bedrooms | $1,263 | $50,520/yr |
| 3 bedrooms | $1,662 | $66,480/yr |
| 4 bedrooms | $1,939 | $77,560/yr |
HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.
Take-home pay in Memphis, TN
- Federal income tax$3,447
- Social Security (6.2%)$2,907
- Medicare (1.45%)$680
- Tennessee income tax$0
- Take-home pay$39,856
Marginal rate: 12% federal + 0.00% state
Highest-paying jobs in Memphis, TN
| Job | Median salary | Take-home | Real value* |
|---|---|---|---|
| Physicians, All Other | $239,200+ | $270,910 | $293,896 |
| Chief Executive | $196,680 | $146,452 | $158,878 |
| Computer and Information Systems Manager | $161,790 | $121,849 | $132,188 |
| Financial Manager | $143,880 | $109,608 | $118,908 |
| Human Resources Manager | $138,560 | $105,972 | $114,963 |
| Lawyer | $134,440 | $103,156 | $111,908 |
| Pharmacist | $134,220 | $103,005 | $111,745 |
| Marketing Manager | $132,540 | $101,857 | $110,499 |
| Administrative Services Manager | $130,580 | $100,517 | $109,046 |
| Health Specialties Teachers, Postsecondary | $128,860 | $99,342 | $107,771 |
| Sales Manager | $128,560 | $99,137 | $107,548 |
| Computer Network Architect | $126,400 | $97,660 | $105,946 |
| Software Developer | $125,580 | $97,100 | $105,338 |
| Nurse Practitioner | $124,600 | $96,430 | $104,612 |
| Industrial Production Manager | $118,120 | $91,927 | $99,727 |
| Medical and Health Services Manager | $112,800 | $88,185 | $95,667 |
| Facilities Manager | $108,610 | $85,237 | $92,469 |
| Construction Manager | $107,710 | $84,604 | $91,782 |
| Transportation, Storage, and Distribution Managers | $106,170 | $83,521 | $90,607 |
| Managers, All Other | $104,050 | $82,029 | $88,989 |
*In U.S.-average dollars after adjusting for local prices.
Frequently asked questions
Is Memphis, TN expensive to live in?
According to the Bureau of Economic Analysis, overall prices in the Memphis, TN-MS-AR metro area are 92.2% of the U.S. average, with housing at 79.8%. It is the #237 most expensive of 387 metro areas we track.
What salary do you need to live in Memphis, TN?
To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $55,307 in Memphis, TN (before tax differences). The median wage across all jobs here is $46,890.
How much is rent in Memphis, TN?
HUD’s FY2026 fair market rents for Memphis, TN are $1,047 for a studio, $1,137 for one bedroom, $1,263 for two bedrooms and $1,662 for three bedrooms, including utilities.
All salaries in Memphis, TN
Management Occupations
- Chief Executive — $196,680
- Computer and Information Systems Manager — $161,790
- Financial Manager — $143,880
- Human Resources Manager — $138,560
- Marketing Manager — $132,540
- Administrative Services Manager — $130,580
- Sales Manager — $128,560
- Industrial Production Manager — $118,120
- Medical and Health Services Manager — $112,800
- Facilities Manager — $108,610
- Construction Manager — $107,710
- Transportation, Storage, and Distribution Managers — $106,170
- Managers, All Other — $104,050
- General and Operations Manager — $102,510
- Education Administrators, Kindergarten through Secondary — $98,390
- Social and Community Service Manager — $84,930
- Food Service Manager — $64,510
- Property, Real Estate, and Community Association Managers — $61,200
Business and Financial Operations Occupations
- Personal Financial Advisor — $100,120
- Management Analyst — $94,980
- Financial and Investment Analyst — $91,180
- Project Management Specialist — $85,130
- Claims Adjusters, Examiners, and Investigators — $78,850
- Accountant and Auditor — $76,960
- Cost Estimator — $76,660
- Financial Specialists, All Other — $72,090
- Compliance Officer — $72,010
- Market Research Analyst and Marketing Specialist — $71,600
- Logistician — $71,230
- Buyer and Purchasing Agent — $69,430
- Human Resources Specialist — $69,150
- Loan Officer — $63,250
- Training and Development Specialist — $62,250
- Meeting, Convention, and Event Planners — $54,500
- Tax Examiners and Collectors, and Revenue Agents — $49,440
Computer and Mathematical Occupations
- Computer Network Architect — $126,400
- Software Developer — $125,580
- Computer Systems Analyst — $100,640
- Information Security Analyst — $97,370
- Network and Computer Systems Administrator — $89,250
- Computer Occupations, All Other — $81,690
- Computer User Support Specialist — $59,460
Architecture and Engineering Occupations
- Industrial Engineer — $100,480
- Civil Engineer — $96,100
- Engineers, All Other — $85,860
Community and Social Service Occupations
- Educational, Guidance, and Career Counselors and Advisors — $65,290
- Healthcare Social Worker — $64,430
- Child, Family, and School Social Workers — $56,090
- Substance Abuse, Behavioral Disorder, and Mental Health Counselors — $50,260
- Social and Human Service Assistant — $40,530
Legal Occupations
- Lawyer — $134,440
- Paralegal and Legal Assistant — $56,850
Educational Instruction and Library Occupations
- Health Specialties Teachers, Postsecondary — $128,860
- Instructional Coordinator — $73,110
- Career/Technical Education Teachers, Secondary School — $65,500
- Educational Instruction and Library Workers, All Other — $65,420
- Special Education Teachers, Kindergarten and Elementary School — $64,640
- Secondary School Teachers, Except Special and Career/Technical Education — $62,230
- Elementary School Teachers, Except Special Education — $61,510
- Middle School Teachers, Except Special and Career/Technical Education — $58,380
- Tutor — $49,640
- Preschool Teachers, Except Special Education — $36,250
- Self-Enrichment Teacher — $35,180
- Substitute Teachers, Short-Term — $31,930
- Teaching Assistants, Except Postsecondary — $29,330
Arts, Design, Entertainment, Sports, and Media Occupations
- Public Relations Specialist — $61,000
- Graphic Designer — $59,000
- Coach and Scout — $37,440
- Merchandise Displayer and Window Trimmer — $31,160
Healthcare Practitioners and Technical Occupations
- Physicians, All Other — $239,200+
- Pharmacist — $134,220
- Nurse Practitioner — $124,600
- Physical Therapist — $100,000
- Speech-Language Pathologist — $86,120
- Registered Nurse — $81,500
- Dental Hygienist — $78,580
- Paramedic — $66,830
- Respiratory Therapist — $66,460
- Radiologic Technologist and Technician — $66,320
- Clinical Laboratory Technologist and Technician — $64,000
- Surgical Technologist — $61,150
- Licensed Practical and Licensed Vocational Nurse — $59,140
- Medical Records Specialist — $53,100
- Pharmacy Technician — $45,260
- Psychiatric Technician — $39,210
- Emergency Medical Technician — $38,620
Healthcare Support Occupations
- Physical Therapist Assistant — $61,560
- Dental Assistant — $48,200
- Phlebotomist — $39,480
- Medical Assistant — $39,260
- Nursing Assistant — $38,010
- Veterinary Assistant and Laboratory Animal Caretaker — $36,990
- Home Health and Personal Care Aide — $30,900
Protective Service Occupations
- First-Line Supervisor of Firefighting and Prevention Workers — $82,320
- First-Line Supervisor of Police and Detectives — $79,050
- Police and Sheriff's Patrol Officer — $75,410
- Firefighter — $62,910
- Correctional Officer and Jailer — $53,210
- First-Line Supervisor of Security Workers — $50,830
- Security Guard — $35,100
- Crossing Guard and Flagger — $32,610
- Lifeguards, Ski Patrol, and Other Recreational Protective Service Workers — $27,260
Food Preparation and Serving Related Occupations
- Chef and Head Cook — $66,230
- First-Line Supervisor of Food Preparation and Serving Workers — $39,620
- Food Preparation and Serving Related Workers, All Other — $38,530
- Cooks, Restaurant — $36,340
- Dining Room and Cafeteria Attendant and Bartender Helper — $34,740
- Cooks, Institution and Cafeteria — $33,170
- Food Servers, Nonrestaurant — $31,080
- Cooks, Short Order — $29,880
- Dishwasher — $29,700
- Bartender — $28,710
- Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop — $27,610
- Fast Food and Counter Worker — $27,490
- Food Preparation Worker — $27,290
- Cooks, Fast Food — $27,230
- Waiter and Waitress — $24,550
Building and Grounds Cleaning and Maintenance Occupations
- First-Line Supervisor of Housekeeping and Janitorial Workers — $46,850
- Pest Control Worker — $39,860
- Landscaping and Groundskeeping Worker — $36,500
- Janitors and Cleaners, Except Maids and Housekeeping Cleaners — $32,580
- Maid and Housekeeping Cleaner — $31,630
Personal Care and Service Occupations
- Exercise Trainer and Group Fitness Instructor — $47,560
- Residential Advisor — $36,430
- Recreation Worker — $32,700
- Animal Caretaker — $31,070
- Hairdressers, Hairstylists, and Cosmetologists — $30,980
- Childcare Worker — $28,860
- Amusement and Recreation Attendant — $27,430
- Gambling Dealer — $25,180
Sales and Related Occupations
- Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products — $96,940
- First-Line Supervisor of Non-Retail Sales Workers — $81,120
- Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products — $61,430
- Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel — $59,140
- Securities, Commodities, and Financial Services Sales Agents — $58,500
- Insurance Sales Agent — $51,570
- First-Line Supervisor of Retail Sales Workers — $49,010
- Real Estate Sales Agent — $46,490
- Parts Salesperson — $38,730
- Counter and Rental Clerk — $37,430
- Retail Salesperson — $32,580
- Cashier — $29,160
Office and Administrative Support Occupations
- First-Line Supervisor of Office and Administrative Support Workers — $71,310
- Executive Secretary and Executive Administrative Assistant — $63,610
- Postal Service Mail Carrier — $58,910
- Production, Planning, and Expediting Clerks — $57,030
- Cargo and Freight Agent — $55,930
- Postal Service Mail Sorters, Processors, and Processing Machine Operators — $54,330
- Payroll and Timekeeping Clerk — $53,420
- Dispatchers, Except Police, Fire, and Ambulance — $53,080
- Eligibility Interviewers, Government Programs — $49,940
- Human Resources Assistants, Except Payroll and Timekeeping — $48,490
- Bookkeeping, Accounting, and Auditing Clerks — $48,400
- Billing and Posting Clerk — $46,340
- Secretaries and Administrative Assistants, Except Legal, Medical, and Executive — $45,960
- Shipping, Receiving, and Inventory Clerks — $45,800
- Legal Secretary and Administrative Assistant — $45,380
- Loan Interviewer and Clerk — $45,010
- Insurance Claim and Policy Processing Clerk — $44,630
- Information and Record Clerks, All Other — $44,320
- Weighers, Measurers, Checkers, and Samplers, Recordkeeping — $44,110
- Customer Service Representative — $44,090
- Courier and Messenger — $44,040
- Bill and Account Collector — $43,820
- Office and Administrative Support Workers, All Other — $41,660
- Data Entry Keyer — $41,270
- Order Clerk — $40,770
- Court, Municipal, and License Clerks — $40,510
- Medical Secretary and Administrative Assistant — $39,940
- Office Clerks, General — $38,610
- Teller — $38,260
- Receptionist and Information Clerk — $34,530
- Hotel, Motel, and Resort Desk Clerks — $30,270
Construction and Extraction Occupations
- First-Line Supervisor of Construction Trades and Extraction Workers — $75,850
- Electrician — $60,890
- Construction and Building Inspector — $59,750
- Plumbers, Pipefitters, and Steamfitters — $58,690
- Operating Engineer and Other Construction Equipment Operator — $53,870
- Carpenter — $50,620
- Cement Mason and Concrete Finisher — $50,030
- Construction Laborer — $44,810
- Painters, Construction and Maintenance — $44,620
- Helpers--Electrician — $38,420
Installation, Maintenance, and Repair Occupations
- Aircraft Mechanic and Service Technician — $92,180
- First-Line Supervisors of Mechanics, Installers, and Repairers — $77,780
- Industrial Machinery Mechanic — $64,570
- Telecommunications Equipment Installers and Repairers, Except Line Installers — $63,160
- Mobile Heavy Equipment Mechanics, Except Engines — $62,670
- Bus and Truck Mechanic and Diesel Engine Specialist — $61,360
- Security and Fire Alarm Systems Installer — $57,000
- Heating, Air Conditioning, and Refrigeration Mechanics and Installers — $56,780
- Automotive Service Technician and Mechanic — $50,490
- Automotive Body and Related Repairer — $48,680
- Medical Equipment Repairer — $48,530
- Maintenance and Repair Workers, General — $48,140
- Installation, Maintenance, and Repair Workers, All Other — $47,840
- Helpers--Installation, Maintenance, and Repair Workers — $39,700
- Tire Repairer and Changer — $36,360
Production Occupations
- First-Line Supervisor of Production and Operating Workers — $65,990
- Computer Numerically Controlled Tool Operator — $59,270
- Machinist — $59,220
- Chemical Equipment Operator and Tender — $52,440
- Paper Goods Machine Setters, Operators, and Tenders — $51,140
- Separating, Filtering, Clarifying, Precipitating, and Still Machine Setters, Operators, and Tenders — $50,470
- Welders, Cutters, Solderers, and Brazers — $48,600
- Mixing and Blending Machine Setters, Operators, and Tenders — $46,050
- Inspectors, Testers, Sorters, Samplers, and Weighers — $44,910
- Printing Press Operator — $43,450
- Packaging and Filling Machine Operator and Tender — $42,570
- Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic — $39,880
- Helpers--Production Worker — $39,240
- Miscellaneous Assembler and Fabricator — $38,530
- Production Workers, All Other — $38,350
- Food Batchmaker — $38,010
- Butcher and Meat Cutter — $37,260
- Baker — $33,400
- Laundry and Dry-Cleaning Worker — $31,560
Transportation and Material Moving Occupations
- Heavy and Tractor-Trailer Truck Driver — $63,070
- First-Line Supervisors of Transportation and Material Moving Workers, Except Aircraft Cargo Handling Supervisors — $62,350
- Transportation Workers, All Other — $56,870
- Aircraft Service Attendant — $56,620
- Light Truck Driver — $48,350
- Industrial Truck and Tractor Operator — $44,540
- Refuse and Recyclable Material Collector — $44,470
- Driver/Sales Worker — $40,610
- Laborers and Freight, Stock, and Material Movers, Hand — $39,510
- Bus Drivers, School — $37,920
- Stocker and Order Filler — $37,280
- Shuttle Driver and Chauffeur — $36,320
- Packers and Packagers, Hand — $35,630
- Cleaner of Vehicles and Equipment — $34,100