Memphis

Music city on the Mississippi with affordable housing. Growing tech sector and improving economy.

US - South β€’ πŸ‡ΊπŸ‡Έ

1-Bed Rent

$1,050

per month

Median Salary

$42,000

per year

Afford Alone?

No βœ—

Challenging

Rent by Housing Type

Studio

$865

1-Bedroom

$1,050

Shared 2-Bed

$580

Coliving

$685

Shared House

$475

Monthly Budget (on $2,600 take-home)

Income$2,600
Needs (housing, food, transport)$1,475(57%)
Wants (dining, entertainment)$351(14%)
Savings$260(10%)
Remaining$514

Most Affordable Areas

  • South Memphis
  • East Memphis
  • North Memphis

Most Expensive Areas

  • Downtown Memphis
  • Cooper Young
  • Germantown

About Memphis

  • Music heritage (Elvis, Blues)
  • Very affordable housing
  • Mississippi River location
  • Growing job market

Average Monthly Costs (Moderate Lifestyle)

Groceries

$230

Dining Out

$160

Subscriptions

$38

Entertainment

$95

Personal Care

$58

Public Transport

$65

Similar Cities

Nashville

$1,600/mo

Test Memphis on the Calculator

See how living alone in Memphis works with your specific income and lifestyle choices.

Open Calculator