Cost of Living in Memphis, TX

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19%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
61%
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 Texas National
Cost of living8194100
Groceries9998100
Health care10198100
Housing3983100
Transportation9898100
Utilities105103100
Lifestyle & Entertainment10198100
Household Items9898100
Education & Childcare9698100
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Homes For Sale In Memphis, TX

property for sale

1217 W Montgomery St

Memphis, TX
property for sale

1407 N 16th St

Memphis, TX
property for sale

321 N 10th St

Memphis, TX
property for sale

N High St

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

Cost Of Living Quick Facts

  • The cost of living in Memphis is 14% lower than the Texas average
  • The cost of living in Memphis is 19% lower than the national average
  • Memphis housing is 61% lower than the national average
  • Texas general sales tax is 22% higher than the national average
  • Texas state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Memphis

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Compare Memphis, TX Cost of Living

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      Housing index
      Transportation index
      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$65,202$5,434$1,521$1,956
      Renters$36,429$3,036$850$1,093

      Texas Sales Tax

      State General Sales Tax With Max Surtax
      Texas 6.25% 8.25%

      Texas Income Tax

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

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Lakeview, TX517525.2%
      Hedley, TX2528019.9%
      Quail, TX318712.7%
      Estelline, TX127927.7%
      Memphis, TX2,3318118.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Falconer, NY2,3318316.6%
      Caruthers, CA2,33011413.9%
      Granville, NY2,330946.2%
      Matamoras, PA2,33011010.3%
      Témiscaming, QC2,330n/a 
      Memphis, TX2,3318118.6%
      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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