Memphis cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMemphisAlabamaNational
Cost of living index8489100
IndexMemphisAlabamaNational
Goods & Services index8196100
Groceries index9197100
Health care index9386100
Housing indexn/a72100
Transportation index9591100
Utilities index74108100

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Did you know?

  • The cost of living in Memphis is 5% lower than the Alabama average.
  • The cost of living in Memphis is 16% lower than the national average.
  • The cost of housing in Memphis is equal to the national average.
  • Alabama general sales tax is 21% lower than the national average.
  • Alabama state income tax is 10% lower than the national average.

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Compare Memphis, AL Cost of living To Other Cities

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Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$0$0$0$0
Renters$0$0$0$0

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%13.5%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%

Goods & Services

ItemMemphisNational avg.Difference
Haircut $13.89$16.0913.6%
Beauty Salon $24.32$37.3334.9%
Toothpaste $1.68$2.4531.5%
Shampoo $0.74$1.0025.7%
Movie $9.50$10.287.6%
Bowling $4.25$4.9313.8%

Groceries

ItemMemphisNational avg.Difference
Ground Beef $3.48$3.808.6%
Fried Chicken $1.04$1.4025.5%
Milk $1.98$2.011.5%
Potatoes $3.20$3.016.3%
Pizza $9.36$9.895.3%
Beer $7.99$8.9010.2%

Health Care

ItemMemphisNational avg.Difference
Optometrist $129.00$102.1626.3%
Doctor $81.00$108.3625.2%
Dentist $91.50$92.531.1%
Ibuprofen $8.18$9.2811.8%
Lipitor $437.11$425.822.7%

Housing

ItemMemphisNational avg.Difference
Home Price $0.00$184,700.00100.0%
Avg. Mortgage Payment $840.45$1,202.4430.1%
Apartment Rent $0.00$949.00100.0%

Transportation

ItemMemphisNational avg.Difference
Gasoline $2.03$2.249.4%
Tire Balancing $48.00$46.293.7%

Utilities

ItemMemphisNational avg.Difference
All Electricity$128.77$165.9622.4%
Phone $20.00$28.6830.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Panola, AL593-7%
McMullen, AL784-16%
Pickensville, AL82767-33%
Macon, MS2,64071-29%
Carrollton, AL1,08279-21%
Memphis, AL4784-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Harris, MO4775-25%
Landa, ND4780-20%
Larsen Bay, AK471022%
Vista, MO4775-25%
Idalia, CO471033%
Memphis, AL4784-16%
Source: The Memphis, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.