Moving from Colorado Springs to Memphis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Colorado Springs lifestyle in Memphis, you'd need to earn:
$68,649/year
▼ $6,351 less than you make now
| Category | Colorado Springs | Memphis |
|---|---|---|
| Salary | $75,000 | $68,649 |
| Federal Income Tax | -$8,114 | -$6,717 |
| Social Security | -$4,650 | -$4,256 |
| Medicare | -$1,088 | -$995 |
| State Tax | -$3,300 | -$0 |
| Take-Home Pay | $57,849 | $56,681 |
Why the difference
- Cost of living is -8.5% in Memphis
- Housing is -31.3% in Memphis
- At the same $75,000 salary, you'd save $3,300/year in taxes in Memphis
Estimated Moving Costs
Distance: ~853 miles
DIY Truck
$3,000
Container
$5,000
Full-Service
$7,000
Salary Equivalents: Colorado Springs to Memphis
| Your Colorado Springs Salary | Memphis Equivalent | Difference | Memphis Take-Home |
|---|---|---|---|
| $40,000 | $36,613 | -$3,387 | $31,457 |
| $50,000 | $45,766 | -$4,234 | $38,811 |
| $60,000 | $54,919 | -$5,081 | $46,166 |
| $75,000 | $68,649 | -$6,351 | $56,681 |
| $100,000 | $91,532 | -$8,468 | $72,779 |
| $150,000 | $137,298 | -$12,702 | $104,596 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Colorado Springs and Memphis Compare
Housing (31% cheaper in Memphis)
The average 1-bedroom apartment in Memphis rents for $950/month compared to $1,320/month in Colorado Springs. Median home prices: $236,000 in Memphis vs $475,000 in Colorado Springs.
Taxes
Colorado has a flat 4.4% state income tax. Tennessee has no state income tax. On a $75,000 salary, moving to Memphis would save you about $3,300/year in taxes alone.
Overall Cost of Living
Memphis's overall cost of living is 8.5% lower than Colorado Springs, based on the BEA Regional Price Parity index (where 100 = national average).Colorado Springs: 100.7, Memphis: 92.2.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Colorado Springs 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 →