Moving from Nashville to Memphis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Nashville lifestyle in Memphis, you'd need to earn:
$71,762/year
▼ $3,238 less than you make now
| Category | Nashville | Memphis |
|---|---|---|
| Salary | $75,000 | $71,762 |
| Federal Income Tax | -$8,114 | -$7,402 |
| Social Security | -$4,650 | -$4,449 |
| Medicare | -$1,088 | -$1,041 |
| State Tax | -$0 | -$0 |
| Take-Home Pay | $61,149 | $58,871 |
Why the difference
- Cost of living is -4.3% in Memphis
- Housing is -23.7% in Memphis
Estimated Moving Costs
Distance: ~196 miles
DIY Truck
$2,000
Container
$3,500
Full-Service
$5,000
Salary Equivalents: Nashville to Memphis
| Your Nashville Salary | Memphis Equivalent | Difference | Memphis Take-Home |
|---|---|---|---|
| $40,000 | $38,273 | -$1,727 | $32,791 |
| $50,000 | $47,841 | -$2,159 | $40,479 |
| $60,000 | $57,410 | -$2,590 | $48,167 |
| $75,000 | $71,762 | -$3,238 | $58,871 |
| $100,000 | $95,683 | -$4,317 | $75,699 |
| $150,000 | $143,524 | -$6,476 | $108,852 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Nashville and Memphis Compare
Housing (24% cheaper in Memphis)
The average 1-bedroom apartment in Memphis rents for $950/month compared to $1,500/month in Nashville. Median home prices: $236,000 in Memphis vs $460,000 in Nashville.
Taxes
Tennessee has no state income tax. Tennessee has no state income tax.
Overall Cost of Living
Memphis's overall cost of living is 4.3% lower than Nashville, based on the BEA Regional Price Parity index (where 100 = national average).Nashville: 96.3, Memphis: 92.2.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Nashville 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 →