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:
$68,709/year
▼ $6,291 less than you make now
| Category | Indianapolis | Memphis |
|---|---|---|
| Salary | $75,000 | $68,709 |
| Federal Income Tax | -$8,114 | -$6,730 |
| Social Security | -$4,650 | -$4,260 |
| Medicare | -$1,088 | -$996 |
| State Tax | -$2,250 | -$0 |
| Take-Home Pay | $58,899 | $56,723 |
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 | $37,007 | -$2,993 | $31,774 |
| $50,000 | $46,279 | -$3,721 | $39,224 |
| $60,000 | $55,550 | -$4,450 | $46,673 |
| $75,000 | $68,709 | -$6,291 | $56,723 |
| $100,000 | $91,798 | -$8,202 | $72,966 |
| $150,000 | $137,556 | -$12,444 | $104,773 |
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 →