Moving from Indianapolis to Memphis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Indianapolis lifestyle in Memphis, you'd need to earn:
$72,244/year
▼ $2,756 less than you make now
| Category | Indianapolis | Memphis |
|---|---|---|
| Salary | $75,000 | $72,244 |
| Federal Income Tax | -$8,114 | -$7,508 |
| Social Security | -$4,650 | -$4,479 |
| Medicare | -$1,088 | -$1,048 |
| State Tax | -$2,250 | -$0 |
| Take-Home Pay | $58,899 | $59,210 |
Why the difference
- Cost of living is -3.7% in Memphis
- Housing is -10.2% in Memphis
- At the same $75,000 salary, you'd save $2,250/year in taxes in Memphis
Estimated Moving Costs
Distance: ~384 miles
DIY Truck
$2,000
Container
$3,500
Full-Service
$5,000
Salary Equivalents: Indianapolis to Memphis
| Your Indianapolis Salary | Memphis Equivalent | Difference | Memphis Take-Home |
|---|---|---|---|
| $40,000 | $38,530 | -$1,470 | $32,997 |
| $50,000 | $48,162 | -$1,838 | $40,737 |
| $60,000 | $57,795 | -$2,205 | $48,477 |
| $75,000 | $72,244 | -$2,756 | $59,210 |
| $100,000 | $96,325 | -$3,675 | $76,151 |
| $150,000 | $144,487 | -$5,513 | $109,510 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Indianapolis and Memphis Compare
Housing (10% cheaper in Memphis)
The average 1-bedroom apartment in Memphis rents for $950/month compared to $1,020/month in Indianapolis. Median home prices: $236,000 in Memphis vs $224,000 in Indianapolis.
Taxes
Indiana has a flat 3.0% state income tax. Tennessee has no state income tax. On a $75,000 salary, moving to Memphis would save you about $2,250/year in taxes alone.
Overall Cost of Living
Memphis's overall cost of living is 3.7% lower than Indianapolis, based on the BEA Regional Price Parity index (where 100 = national average).Indianapolis: 95.7, Memphis: 92.2.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Indianapolis to Memphis move. Average cost: $2,000–$5,000.
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 →