Moving from New Orleans to Memphis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your New Orleans lifestyle in Memphis, you'd need to earn:
$74,661/year
▼ $339 less than you make now
| Category | New Orleans | Memphis |
|---|---|---|
| Salary | $75,000 | $74,661 |
| Federal Income Tax | -$8,114 | -$8,039 |
| Social Security | -$4,650 | -$4,629 |
| Medicare | -$1,088 | -$1,083 |
| State Tax | -$2,250 | -$0 |
| Take-Home Pay | $58,899 | $60,910 |
Why the difference
- Cost of living is -0.5% in Memphis
- Housing is -7.2% in Memphis
- At the same $75,000 salary, you'd save $2,250/year in taxes in Memphis
Estimated Moving Costs
Distance: ~359 miles
DIY Truck
$2,000
Container
$3,500
Full-Service
$5,000
Salary Equivalents: New Orleans to Memphis
| Your New Orleans Salary | Memphis Equivalent | Difference | Memphis Take-Home |
|---|---|---|---|
| $40,000 | $39,819 | -$181 | $34,033 |
| $50,000 | $49,774 | -$226 | $42,032 |
| $60,000 | $59,729 | -$271 | $50,031 |
| $75,000 | $74,661 | -$339 | $60,910 |
| $100,000 | $99,549 | -$451 | $78,419 |
| $150,000 | $149,323 | -$677 | $112,815 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How New Orleans and Memphis Compare
Housing (7% cheaper in Memphis)
The average 1-bedroom apartment in Memphis rents for $950/month compared to $1,410/month in New Orleans. Median home prices: $236,000 in Memphis vs $243,000 in New Orleans.
Taxes
Louisiana 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 0.5% lower than New Orleans, based on the BEA Regional Price Parity index (where 100 = national average).New Orleans: 92.6, Memphis: 92.2.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your New Orleans 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 →