Cost of Living: Memphis, TN vs Nashville-Davidson metropolitan government (balance), TN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Memphis, TN versus $4,516/mo in Nashville-Davidson metropolitan government (balance), TN. In the model, rent is about 16.37% of gross in Memphis, TN versus 21.65% in Nashville-Davidson metropolitan government (balance), TN, so Memphis, TN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Memphis, TN and Nashville-Davidson metropolitan government (balance), TN.
At a glance
- Cheaper overall (lower cost-of-living index): Memphis, TN
- Lower rent (median 1BR/2BR): Memphis, TN
- Lower home prices: Memphis, TN
- Higher median household income: Nashville-Davidson metropolitan government (balance), TN
Cost of Living Index
Memphis, TN: 82.5 (U.S. = 100) · Nashville-Davidson metropolitan government (balance), TN: 100 (U.S. = 100)
Memphis, TN has a lower cost-of-living index than Nashville-Davidson metropolitan government (balance), TN, so a given salary generally stretches further there.
Median Rent
Memphis, TN: $1,067/mo (midpoint of 1BR/2BR) · Nashville-Davidson metropolitan government (balance), TN: $1,412/mo
Median rent in Nashville-Davidson metropolitan government (balance), TN is $345/mo higher than in Memphis, TN.
Median Home Price
Memphis, TN: $157,100 · Nashville-Davidson metropolitan government (balance), TN: $383,100
Median home price in Nashville-Davidson metropolitan government (balance), TN is $226,000 higher than in Memphis, TN.
Median Household Income
Memphis, TN: $51,211 · Nashville-Davidson metropolitan government (balance), TN: $75,197
Nashville-Davidson metropolitan government (balance), TN has a higher median household income than Memphis, TN by $23,986.
Memphis, TN overview · Nashville-Davidson metropolitan government (balance), TN overview · Popular comparisons