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:
$63,385/year
▼ $11,615 less than you make now
| Category | Colorado Springs | Memphis |
|---|---|---|
| Salary | $75,000 | $63,385 |
| Federal Income Tax | -$8,114 | -$5,568 |
| Social Security | -$4,650 | -$3,930 |
| Medicare | -$1,088 | -$919 |
| State Tax | -$3,300 | -$0 |
| Take-Home Pay | $57,849 | $52,968 |
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 | $34,376 | -$5,624 | $29,660 |
| $50,000 | $43,049 | -$6,951 | $36,628 |
| $60,000 | $51,722 | -$8,278 | $43,597 |
| $75,000 | $63,385 | -$11,615 | $52,968 |
| $100,000 | $84,799 | -$15,201 | $68,042 |
| $150,000 | $127,148 | -$22,852 | $97,659 |
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.
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