Cost of Living in Memphis, MI

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A+
9%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
26%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Memphis Michigan National
Cost of living9191100
Groceries9998100
Health care9597100
Housing7476100
Transportation9896100
Utilities100100100
Lifestyle & Entertainment9996100
Household Items9998100
Education & Childcare9695100
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Homes For Sale In Memphis, MI

property for sale

2320 Braidwood Rd

Riley, MI
property for sale

11779 Dunn Rd

Riley, MI
property for sale

13148 Hunt Rd

Riley, MI
property for sale

80619 Main St

Memphis, MI
See the Newest Homes For Sale In Memphis, MI

Cost Of Living Quick Facts

  • The cost of living in Memphis is equal to the Michigan average
  • The cost of living in Memphis is 9% lower than the national average
  • Memphis housing is 26% lower than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Memphis

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Compare Memphis, MI Cost of Living

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      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$89,024$7,419$2,077$2,671
      Renters$36,884$3,074$861$1,107

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Capac, MI1,8958614.4%
      Emmett, MI2658910.9%
      Marine City, MI4,222909.5%
      Marysville, MI9,903918.6%
      New Haven, MI5,018954.8%
      Memphis, MI1,106919.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Woodville, AL1,1068415.6%
      Satanta, KS1,1068514.7%
      Fifth Ward, LA1,106909.9%
      Keedysville, MD1,10612222.1%
      Madison Lake, MN1,1061010.7%
      Memphis, MI1,106919.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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