Are you considering a move to Memphis, Tennessee, United States, and wondering about the cost of living? Memphis, Tennessee is a diverse city with a lot to offer, but like any city, it comes with its own set of expenses. In this page, we'll break down the cost of living in Memphis, Tennessee and help you understand whether $2866 per month is moderately priced, given the average monthly salary of $4374.1.
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Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
16.0 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
65.0 $ |
|
|
McMeal at McDonalds (or Equivalent Combo Meal) |
8.5 $ |
|
|
Domestic Beer (1 pint draught) |
5.0 $ |
|
|
Imported Beer (12 oz small bottle) |
8.0 $ |
|
|
Cappuccino (regular) |
4.96 $ |
|
|
Coke/Pepsi (12 oz small bottle) |
2.12 $ |
|
|
Water (12 oz small bottle) |
1.87 $ |
|
|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
0.98 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
2.51 $ |
|
|
Rice (white), (1 lb) |
3.33 $ |
|
|
Eggs (regular) (12) |
4.02 $ |
|
|
Local Cheese (1 lb) |
9.52 $ |
|
|
Chicken Fillets (1 lb) |
8.15 $ |
|
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
15.15 $ |
|
|
Apples (1 lb) |
4.49 $ |
|
|
Banana (1 lb) |
1.48 $ |
|
|
Oranges (1 lb) |
3.33 $ |
|
|
Tomato (1 lb) |
4.5 $ |
|
|
Potato (1 lb) |
3.0 $ |
|
|
Onion (1 lb) |
2.55 $ |
|
|
Lettuce (1 head) |
1.99 $ |
|
|
Water (1.5 liter bottle) |
1.87 $ |
|
|
Bottle of Wine (Mid-Range) |
14.0 $ |
|
|
Domestic Beer (0.5 liter bottle) |
1.72 $ |
|
|
Imported Beer (12 oz small bottle) |
1.88 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
7.0 $ |
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|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
1.5 $ |
|
|
Monthly Pass (Regular Price) |
42.5 $ |
|
|
Taxi Start (Normal Tariff) |
4.12 $ |
|
|
Taxi 1 mile (Normal Tariff) |
1.12 $ |
|
|
Taxi 1hour Waiting (Normal Tariff) |
20.0 $ |
|
|
Gasoline (1 gallon) |
0.89 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
26000.0 $ |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
20702.17 $ |
|
|
Utilities (Monthly) |
Price |
World Range |
|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
275.93 $ |
|
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
-- |
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
66.78 $ |
|
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
30.0 $ |
|
|
Tennis Court Rent (1 Hour on Weekend) |
6.33 $ |
|
|
Cinema, International Release, 1 Seat |
13.36 $ |
|
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
873.33 $ |
|
|
International Primary School, Yearly for 1 Child |
12066.67 $ |
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|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
46.12 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
31.25 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
86.62 $ |
|
|
1 Pair of Men Leather Business Shoes |
122.33 $ |
|
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
1164.2 $ |
|
|
Apartment (1 bedroom) Outside of Centre |
1021.25 $ |
|
|
Apartment (3 bedrooms) in City Centre |
2183.33 $ |
|
|
Apartment (3 bedrooms) Outside of Centre |
1860.0 $ |
|
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
2543.87 $ |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
3064.13 $ |
|
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
4374.1 $ |
|
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
6.53 % |
|
The monthly expenses for living in Memphis, Tennessee come to a total of approximately $2866. This includes an average monthly rent of around $1164 for a one-bedroom apartment in the city center, along with utilities costing about $309 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $829 per month.
Living in Memphis, Tennessee appears to be relatively budget-friendly when considering the average monthly income of $4374.1. However, to enjoy a comfortable standard of living in Memphis, Tennessee, you would likely need an income exceeding $4374.1.
In Memphis, Tennessee, the average monthly post-tax salary hovers around $4374.1, and it isn't tied to any particular skillset or qualification.
The typical monthly rent for a one-bedroom apartment in the central area of Memphis, Tennessee is approximately $1164. If you're open to living in a location outside the city center, you can expect to pay around $1021.25 for such an apartment.
The expense for groceries in Memphis, Tennessee can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $646 per month for groceries. Nevertheless, the actual costs may change depending on various factors, including the specific items bought, the choice of stores, and the availability of discounts or special offers.
The cost of living in United States can vary significantly depending on the particular city you have in mind. Using a nationwide average might not provide accurate information. To get a more precise understanding, it's crucial to examine the cost of living in various cities throughout United States.
Memphis isn't the safest city though it's slowly regaining some safety on its streets. It has some extremely dangerous areas that should be avoided. You are advised to remain vigilant around tourist landmarks, since pickpockets are an issue there, and keep an eye out for suspicious activities wherever you go.
Trolleys and taxis are considered safe in Memphis, and they operate in the downtown area. However, if you want to visit more than downtown Memphis, traveling by car is your best bet. Also, there is a bus service provided by the Memphis Area Transit Authority (MATA) that will drive you across the city. Just be careful at night and during weekends, as the routes tend to change, so remain informed so you don't end up far from your wanted destination.
The most common types of petty crime are pick-pocketing, purse-snatching, car break-ins and car thefts. Apply common sense like holding your purses tightly and being wise when carrying them, keeping wallets in front pockets, and being alert to one's surroundings. This should be enough to prevent these incidents.
When it comes to natural disasters in Memphis, the most dangerous threats come from occasional earthquakes, hurricanes, and tornadoes.
When it comes to chances of being mugged or kidnapped, they are moderate in Memphis, as long as you don't wander off into dangerous areas. Stick to the main streets and avoid suspicious areas and neighborhoods, or getting in altercations with individuals that appear to be gang members.
Memphis hasn't been the target of any terrorist attacks recently, but possible attacks shouldn't be ruled out. Be aware of your surroundings at all times.
Just like in other tourist destinations, there will be people trying to scam you in Memphis, too. Be wary of anyone trying to distract you, flashing large signs in front of you or ATMs that look like they've been tampered with.
The city of Memphis isn't the safest option for women to travel to unaccompanied. You should avoid dangerous neighborhoods (and this doesn't only apply to women). Just follow your basic common sense and general rules of things to avoid, like poorly lit streets and deserted areas and you should be fine.
The US is famous for its harsh policy for acquiring a tourist, let alone a resident visa. The US embassies usually ask for interviews before granting tourist visas, and tourists usually have to pay up to 160 USD to get a visa. If you are not sure about your visa status, visit www.doyouneedvisa.com which will let you know whether or not you need visa based on your nationality and the country you want to visit.
The United States dollar is the official currency in Memphis. Credit and debit cards are accepted nearly everywhere, and ATMs are widely available. The prices vary but you can plan on spending about 100 dollars per day.
Memphis can get extremely hot in the summertime, which is another thing tourists should bear in mind. Moreover, the humidity there can make the temperatures feel even hotter! If you have health problems during high heat and humidity, avoid visiting Memphis during July or August.
Memphis International Airport is a civil-military airport serving the city of Memphis. It is located about 11.2 km southeast of downtown Memphis in Shelby County, Tennessee, United States.
Just like anywhere else, we recommend getting travel insurance when traveling to Memphis, since it covers not only the costs of medical problems but also theft and loss of valuables.
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 50°F | 54°F | 64°F | 73°F | 81°F | 88°F | 91°F | 90°F | 84°F | 74°F | 62°F | 52°F |
| Temp | 40°F | 44°F | 53°F | 63°F | 71°F | 79°F | 82°F | 81°F | 74°F | 63°F | 52°F | 44°F |
| Low | 34°F | 37°F | 46°F | 54°F | 63°F | 71°F | 74°F | 72°F | 65°F | 54°F | 45°F | 37°F |
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 10°C | 12°C | 17°C | 22°C | 27°C | 31°C | 32°C | 32°C | 28°C | 23°C | 16°C | 11°C |
| Temp | 4°C | 6°C | 11°C | 17°C | 21°C | 26°C | 27°C | 27°C | 23°C | 17°C | 11°C | 6°C |
| Low | 1°C | 2°C | 7°C | 12°C | 17°C | 21°C | 23°C | 22°C | 18°C | 12°C | 7°C | 2°C |