Moving from Charlotte to Memphis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Charlotte lifestyle in Memphis, you'd need to earn:
$66,137/year
▼ $8,863 less than you make now
| Category | Charlotte | Memphis |
|---|---|---|
| Salary | $75,000 | $66,137 |
| Federal Income Tax | -$8,114 | -$6,164 |
| Social Security | -$4,650 | -$4,100 |
| Medicare | -$1,088 | -$959 |
| State Tax | -$3,188 | -$0 |
| Take-Home Pay | $57,961 | $54,913 |
Why the difference
- Cost of living is -5.3% in Memphis
- Housing is -18.2% in Memphis
- At the same $75,000 salary, you'd save $3,188/year in taxes in Memphis
Estimated Moving Costs
Distance: ~520 miles
DIY Truck
$3,000
Container
$5,000
Full-Service
$7,000
Salary Equivalents: Charlotte to Memphis
| Your Charlotte Salary | Memphis Equivalent | Difference | Memphis Take-Home |
|---|---|---|---|
| $40,000 | $35,751 | -$4,249 | $30,764 |
| $50,000 | $44,724 | -$5,276 | $37,974 |
| $60,000 | $53,696 | -$6,304 | $45,183 |
| $75,000 | $66,137 | -$8,863 | $54,913 |
| $100,000 | $88,388 | -$11,612 | $70,567 |
| $150,000 | $132,471 | -$17,529 | $101,297 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Charlotte and Memphis Compare
Housing (18% cheaper in Memphis)
The average 1-bedroom apartment in Memphis rents for $950/month compared to $1,440/month in Charlotte. Median home prices: $236,000 in Memphis vs $398,000 in Charlotte.
Taxes
North Carolina has a flat 4.3% state income tax. Tennessee has no state income tax. On a $75,000 salary, moving to Memphis would save you about $3,188/year in taxes alone.
Overall Cost of Living
Memphis's overall cost of living is 5.3% lower than Charlotte, based on the BEA Regional Price Parity index (where 100 = national average).Charlotte: 97.3, Memphis: 92.2.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Charlotte to Memphis move. Average cost: $3,000–$7,000.
Compare Moving Quotes →Find Apartments in Memphis
Average 1BR rent in Memphis: $950/month. Browse available listings.
Search Apartments →High-Yield Savings
Park your moving fund in a 4.5%+ APY savings account while you plan your relocation.
Compare Savings Rates →