Cost of Living in Memphis, TN - Updated Prices & Insights

Solo nomad: Estimated monthly costs are $1,057 (excluding rent), and $2,358 including rent.

Family of 3: Estimated monthly costs are $2,565 (excluding rent), and $4,441 including rent.

Meal at Budget Restaurant

$19.35 $19.35

$12.90 $12.90

$19.84 $19.84

Three-Course Dinner for Two, Mid-Range

$73.8 $73.8

$59.1 $59.1

$148 $148

Fast Food Meal (McDonalds, etc)

$9.89 $9.89

$11.87 $11.87

Cappuccino

$5.12 $5.12

$3.44 $3.44

$7.87 $7.87

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.53 $2.53

$1.52 $1.52

$4.06 $4.06

Water (0.33 liter bottle)

$2.05 $2.05

$1.03 $1.03

$4.10 $4.10

Local Beer (0.5 liter draught)

$5.87 $5.87

$4.90 $4.90

$7.83 $7.83

Imported Beer (0.33 liter bottle)

$7.94 $7.94

$5.95 $5.95

$9.92 $9.92

Milk (1 liter)

$0.93 $0.93

$0.79 $0.79

$1.14 $1.14

White Bread (500g)

$2.81 $2.81

$1.41 $1.41

$6.55 $6.55

Rice (white) (1kg)

$4.52 $4.52

$2.82 $2.82

$6.53 $6.53

Eggs

$4.08 $4.08

$1.85 $1.85

$4.96 $4.96

Local Cheese (1kg)

$11.14 $11.14

$4.38 $4.38

$32.99 $32.99

Chicken Fillets (1kg)

$10.71 $10.71

$4.29 $4.29

$25.99 $25.99

Beef Round Steak (1kg)

$15.48 $15.48

$7.64 $7.64

$19.91 $19.91

Apples (1kg)

$6.20 $6.20

$2.14 $2.14

$10.81 $10.81

Banana (1kg)

$1.64 $1.64

$1.09 $1.09

$2.26 $2.26

Oranges (1kg)

$5.21 $5.21

$2.34 $2.34

$10.76 $10.76

Tomato (1kg)

$4.72 $4.72

$3.22 $3.22

$6.45 $6.45

Potato (1kg)

$4.95 $4.95

$1.93 $1.93

$8.63 $8.63

Onion (1kg)

$3.49 $3.49

$1.99 $1.99

$5.38 $5.38

Lettuce (1 head)

$2.31 $2.31

$0.50 $0.50

$4.01 $4.01

Water (1.5 liter bottle)

$2.44 $2.44

$1.01 $1.01

$3.03 $3.03

Cigarettes 20 Pack (Marlboro, Camel)

$7.85 $7.85

$5.89 $5.89

$12.74 $12.74

Wine (Bottle)

$14.65 $14.65

$11.10 $11.10

$16.15 $16.15

Local Beer (0.5 liter bottle)

$1.72 $1.72

$1.42 $1.42

$1.72 $1.72

Imported Beer (0.33 liter bottle)

$1.89 $1.89

$1.51 $1.51

$2.52 $2.52

One-way Ticket (Public Transport)

$1.22 $1.22

$0.98 $0.98

$1.46 $1.46

Public Transport Monthly Pass (Regular Price)

$12.60 $12.60

Taxi Start (Normal Tariff)

$2.02 $2.02

$7.08 $7.08

Taxi (Normal Tariff) (1km)

$1.34 $1.34

Taxi 1hour Waiting (Normal Tariff)

$20.19 $20.19

Gasoline (1 liter)

$0.81 $0.81

$0.71 $0.71

$0.91 $0.91

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$33.1K $33.1K

$27.1K $27.1K

$37.0K $37.0K

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$27.3K $27.3K

$26.1K $26.1K

$27.4K $27.4K

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$218 $218

$153 $153

$280 $280

SIM Card Monthly Plan (Calls and 10GB+ Data)

$58.6 $58.6

$42.79 $42.79

$149 $149

Internet (50+ Mbps, Unlimited Data)

$66.9 $66.9

$44.67 $44.67

$94.3 $94.3

Gym Membership (Monthly)

$38.15 $38.15

$15.19 $15.19

$53.7 $53.7

Tennis Court (1 Hour on Weekend)

$18.01 $18.01

Cinema Ticket

$12.92 $12.92

$11.05 $11.05

$15.07 $15.07

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,558 $1,558

$848 $848

$1,701 $1,701

International Primary School, 1 Child (Yearly)

$27.1K $27.1K

Jeans (Levis 501 Or Similar)

$40.17 $40.17

$35.16 $35.16

$45.20 $45.20

Summer Dress (H&M, Zara, etc)

$32.62 $32.62

$20.02 $20.02

$40.15 $40.15

Sport Shoes (Adidas, Nike)

$75.4 $75.4

$60.6 $60.6

$89.9 $89.9

Men's Leather Business Shoes

$137 $137

$78.8 $78.8

$217 $217

1-bedroom Apartment, City Center (Monthly)

$1,200 $1,200

$1,000 $1,000

$1,516 $1,516

1-bedroom Apartment, Outside City Center (Monthly)

$1,125 $1,125

$985 $985

$1,343 $1,343

3-bedroom Apartment, City Center (Monthly)

$1,583 $1,583

$1,234 $1,234

$2,317 $2,317

3-bedroom Apartment, Outside City Center (Monthly)

$1,622 $1,622

$1,235 $1,235

$2,016 $2,016

Buy Apartment in City Center (m2)

$1,811 $1,811

$1,752 $1,752

$1,831 $1,831

Buy Apartment Outside City Center (m2)

$1,393 $1,393

$1,230 $1,230

$1,708 $1,708

Average Monthly Net Salary (After Tax)

$3,680 $3,680

20-Year Fixed Mortgage Interest Rate (Annual %)

6.53

6.19

6.8

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update: April 14, 2026

Memphis, TN Median Internet Speeds (Updated April 2026)

Mobile

Mbps

Fixed Broadband

Mbps

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

City tags:

🌎 North america

Cost of Living in Memphis, TN - Frequently Asked Questions

Memphis offers a balanced value proposition for travelers, expats, and digital nomads who want culture, music, and walkable neighborhoods without brimming costs. In practice, you will find affordable eateries, mixed housing options, and relatively reasonable transit by car or bus. The Cost of Living in Memphis, TN, United States tends to be more approachable than coastal megacities, though prices vary by district and season. Plan to stay in neighborhood hubs with easy access to groceries, coworking spaces, and riverfront recreation. Tip: start with short-term stays to sample different areas.

Daily life in Memphis centers on walkable neighborhoods, food markets, and a growing set of coworking spaces. Housing options range from historic houses to modern apartments, with leases that vary by length and included utilities. Food options span barbecue joints, diverse international eateries, and farmers markets that make shopping affordable and enjoyable. Public transit is usable for many routines, though a car or bike is common for longer trips. Memphis, TN, United States living cost varies by area, so compare neighborhoods by commute, safety, and what is nearby. Tip: test a few co-working spots and grocery runs before choosing a base.

Memphis offers a lively lifestyle, but staying within budget means a simple framework and neighborhood scouting. Use a flexible budgeting approach: prioritize housing and essential costs, then allocate for food, transit, and occasional leisure. Seasonality affects crowds and prices – hot summers and festival seasons can change availability and parking. Neighborhood fit matters: Midtown for walkability and nightlife, East Memphis for quieter days, and downtown for river access and coworking. Build a short list of three plus areas, visit at different times, and track what you actually use. Tip: plan a weekly route of markets, gyms, and parks to maximize value.