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← Memphis, TN metro

Memphis, TN

Rows tagged local are specific to Memphis (Census ACS); state rows are state averages; metro-area rows are inherited from Memphis, TN. Home value is ACS owner-reported (not a Zillow sale price).

School score: 3/10 (district 4700148 · NCES EDFacts)

Cost of living

MetricValueScopeUS rank
Cost-of-living index (US=100)91.9metro-area#58 of 200
Grocery index (US=100)94.3metro-area#45 of 200
Big Mac price (est.)$5.23metro-area#55 of 200
Median household income$48,090local#164 of 200
Median wage (all occupations)$34,360local#115 of 200

Economy

MetricValueScopeUS rank
Unemployment rate8.61%local#180 of 200
Population growth (5-yr)-3.8%local#178 of 200

Housing — what your money buys

MetricValueScopeUS rank
Median home price$139,600local#41 of 200
Home price ÷ income (affordability)2.9×local#54 of 200
1-yr home appreciation+0.1%metro-area#135 of 200
Price per square foot$70local#32 of 200
Typical home size (implied)2,000 sqft
Median rent (monthly)$1,050local#61 of 200
Homes for sale (inventory)6,017
Median days on market24metro-area#137 of 200

Taxes

MetricValueScopeUS rank
Total tax burden (est. % of income)7.6%state#2 of 200
Combined sales tax9.55%state#189 of 200
State income tax (top rate)None
Capital gains taxNonestate#1 of 200
High earnersNo special surtax
Effective property tax rate1.29%local#101 of 200
Median property tax paid$1,795local#51 of 200

Healthcare & childcare

MetricValueScopeUS rank
Healthcare (annual, single adult)$6,300state#17 of 200
Childcare (annual, infant, center)$9,000state#25 of 200

Vehicles & commute

MetricValueScopeUS rank
Annual registration$55state#13 of 200
Vehicle property tax (annual)Nonestate#1 of 200
Emissions testingNot required
Emissions detailStatewide testing ended 2022
DMV & license offices7
Avg commute to work22 minlocal#101 of 200

Utilities & fuel

MetricValueScopeUS rank
Electricity14.9¢/kWhstate#32 of 200
Avg monthly electric bill$134state#32 of 200
Gasoline$2.95/galstate#3 of 200
Natural gas (avg monthly bill)$62state#69 of 200
Water & sewer (avg monthly bill)$121state#132 of 200
Home internet (avg monthly bill)$80state#106 of 200

Insurance

MetricValueScopeUS rank
Home insurance (annual)$2,200state#129 of 200
Auto insurance (annual)$1,600state#51 of 200

Disaster risk & supplemental insurance

MetricValueScopeUS rank
Main natural hazardsNotable hazards: tornadoes, earthquakes — separate flood/quake/windstorm policies may be needed.
Flood insurance (annual, NFIP)$700state#61 of 200
Earthquake insurance (annual)$350state#149 of 200

Climate & air quality

MetricValueScopeUS rank
Air quality (median AQI, lower=cleaner)56metro-area#181 of 200
Cooling degree-days (AC load)1,700metro-area#128 of 200
Heating degree-days (heat load)3,600metro-area#94 of 200
Avg summer high89°Fmetro-area#113 of 200
Avg winter low30°Fmetro-area#89 of 200
Annual precipitation54.9"metro-area#182 of 200
Annual snowfall2.7"metro-area#76 of 200
Sunshine (% of possible)64%metro-area#59 of 200
Plant hardiness zone7a
Frost window04-10 → 11-01

Safety

MetricValueScopeUS rank
Violent crime (per 100k, state avg)600state#185 of 200
Property crime (per 100k, state avg)2,600state#157 of 200

Local amenities & recreation

MetricValueScopeUS rank
Grocery stores37metro-area#128 of 200
Parks55
Hiking areas12
Golf courses18
Shooting ranges5
Lakes12

Permits

MetricValueScopeUS rank
Building permit difficulty (1–5)2state#1 of 200
Permit detailGenerally easy

US rank = this metro's position among all 200 metros (1 = best: cheapest / safest / highest income, etc.). Childcare is a family cost, not included in the salary-equivalence total.