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:
$71,221/year
▼ $3,779 less than you make now
| Category | Nashville | Memphis |
|---|---|---|
| Salary | $75,000 | $71,221 |
| Federal Income Tax | -$8,114 | -$7,283 |
| Social Security | -$4,650 | -$4,416 |
| Medicare | -$1,088 | -$1,033 |
| State Tax | -$0 | -$0 |
| Take-Home Pay | $61,149 | $58,490 |
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 | $38,144 | -$1,856 | $32,687 |
| $50,000 | $47,715 | -$2,285 | $40,378 |
| $60,000 | $57,285 | -$2,715 | $48,067 |
| $75,000 | $71,221 | -$3,779 | $58,490 |
| $100,000 | $95,147 | -$4,853 | $75,322 |
| $150,000 | $142,819 | -$7,181 | $108,370 |
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 →