Cost of Living in Raleigh, Memphis, TN

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A+
13%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
37%
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 Raleigh Memphis Tennessee
Cost of living879192
Groceries10010198
Health care989697
Housing636980
Transportation9610297
Utilities959898
Lifestyle & Entertainment9710297
Household Items979898
Education & Childcare9410497
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Homes For Sale In Memphis, TN

property for sale

2799 Maryland Cir E

Memphis, TN
property for sale

1288 E Kamali Cv

Memphis, TN
property for sale

1556 Court Ave

Memphis, TN
property for sale

255 S Rembert St

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

Cost Of Living Quick Facts

  • The cost of living in Raleigh is 6% lower than the Memphis average
  • The cost of living in Raleigh is 13% lower than the national average
  • Raleigh housing is 37% 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 Raleigh

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Compare Memphis, TN Cost of Living

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      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$62,234$5,186$1,452$1,867

      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.
      Millington, TN11,024909.6%
      Southaven, MS57,133955.0%
      Atoka, TN9,7121022.4%
      Bartlett, TN61,3911043.8%
      Lakeland, TN12,92611211.8%
      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.
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