Cost of Living in Parkway Village-Oakhaven, Memphis, TN

Get 300+ Local Insights for Any Address in Parkway Village-Oakhaven, Memphis, TN

Get Access to 300+ Local Data Points
A+
15%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
39%
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 Parkway Village-Oakhaven Memphis Tennessee
Cost of living859192
Groceries9810198
Health care949697
Housing616980
Transportation9310297
Utilities1009898
Lifestyle & Entertainment9610297
Household Items959898
Education & Childcare8710497
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Memphis, TN

property for sale

4332 Melinda Ave

Memphis, TN
property for sale

111 S Greer St

Memphis, TN
property for sale

1380 Gill Ave

Memphis, TN
property for sale

4666 Christyshire Dr

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

Cost Of Living Quick Facts

  • The cost of living in Parkway Village-Oakhaven is 8% lower than the Memphis average
  • The cost of living in Parkway Village-Oakhaven is 15% lower than the national average
  • Parkway Village-Oakhaven housing is 39% lower than the national average
  • Tennessee general sales tax is 37% higher than the national average
  • Tennessee state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Parkway Village-Oakhaven

See all the best places to live around Parkway Village-Oakhaven

Compare Memphis, TN Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Parkway Village-Oakhaven?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Parkway Village-Oakhaven?
      Write a review to give others more information about this area.
      See all Parkway Village-Oakhaven poll results

      The best places in Tennessee

      Here are the best places to live in TennesseeSafest Cities In The USMost Dangerous Cities In The USMost Dangerous States In The US
      Best Places in Tennessee

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Household$56,044$4,670$1,308$1,681

      Tennessee Sales Tax

      State General Sales Tax With Max Surtax
      Tennessee 7% 9.75%

      Tennessee Income Tax

      State Income Tax (Low) Income Tax (High)
      Tennessee 0% 0%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Byhalia, MS1,6928514.6%
      Walls, MS1,4518713.2%
      Horn Lake, MS28,1969010.0%
      Lynchburg, MS2,272919.3%
      Southaven, MS57,133955.0%
      Memphis, TN674,455919.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Portland, OR675,30713938.8%
      Oklahoma City, OK671,652945.8%
      Las Vegas, NV662,34111817.6%
      Nashville, TN692,02211010.0%
      Detroit, MI692,0448217.6%
      Memphis, TN674,455919.1%
      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.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026