Memphis, TX Cost of Living


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United States / Texas / No Metro Area / Hall County / Memphis / Zip Codes

Memphis cost of living score
66.3
Less expensive
33.7% lower
than the US average
29.6% lower
than the Texas average
Memphis, Texas gets a BestPlaces Cost of Living score of 66.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 33.7% lower than the U.S. average and 29.6% higher than the average for Texas.

Memphis, TX

Housing costs in Memphis?
A typical home costs $62,600, which is 81.5% less expensive than the national average of $338,100 and 79.0% less expensive than the average Texas home, at $297,600. Renting a two-bedroom unit in Memphis costs $720 per month, which is 49.7% cheaper than the national average of $1,430 and 77.8% cheaper than the state average of $1,280.

Can I afford Memphis?
To live comfortably in Memphis, Texas, a minimum annual income of $11,880 for a family, and $22,000 for a single person is recommended.

What does A.I. say about Memphis?
The cost of living in Memphis, TX is relatively low compared to other cities in the United States. The median home price in the city is around $131,000 and the median rent price is around $850 per month. Additionally, the average grocery costs are quite low and the overall cost of living index for Memphis is 8.8% lower than the national average. This makes it a great city for those looking to save money on groceries, housing, healthcare, transportation or entertainment.
   Cost of living score
     CategoriesMemphisTexasUnited States
  66.394.2100.0
  88.393.7100
  114.9100.0100.0
  19.583.5100.0
  $62,600$297,600$338,100
  103.1%99.2%100.0%
  60.7103.3100.0
  68.583.2100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Memphis, TX cost of living
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