Memphis, AL Economy

Memphis, AL is a great place to live! The average two bedroom rent is $800 which is significantly lower than the US rate of $1,430. This makes Memphis an affordable option for those looking for a new home. Additionally, the Grocery Cost Index in Memphis is 95 compared to the US rate of 100 which further adds to its affordability. There are many companies based locally to take advantage of such as Briggs & Stratton Corp., Sysco Corporation, and Snap-on Incorporated. Taking all this into account, the cost of living in Memphis is estimated to be about 19% lower than the national average, making it a great choice for those looking to save money but still enjoy all that an established city has to offer.