Moving from St. Louis to Memphis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your St. Louis lifestyle in Memphis, you'd need to earn:
$67,752/year
▼ $7,248 less than you make now
| Category | St. Louis | Memphis |
|---|---|---|
| Salary | $75,000 | $67,752 |
| Federal Income Tax | -$8,114 | -$6,519 |
| Social Security | -$4,650 | -$4,201 |
| Medicare | -$1,088 | -$982 |
| State Tax | -$3,349 | -$0 |
| Take-Home Pay | $57,799 | $56,050 |
Why the difference
- Cost of living is -3.1% in Memphis
- Housing is +1.0% in Memphis
- At the same $75,000 salary, you'd save $3,349/year in taxes in Memphis
Estimated Moving Costs
Distance: ~240 miles
DIY Truck
$2,000
Container
$3,500
Full-Service
$5,000
Salary Equivalents: St. Louis to Memphis
| Your St. Louis Salary | Memphis Equivalent | Difference | Memphis Take-Home |
|---|---|---|---|
| $40,000 | $36,648 | -$3,352 | $31,485 |
| $50,000 | $45,741 | -$4,259 | $38,791 |
| $60,000 | $54,892 | -$5,108 | $46,144 |
| $75,000 | $67,752 | -$7,248 | $56,050 |
| $100,000 | $90,362 | -$9,638 | $71,956 |
| $150,000 | $135,163 | -$14,837 | $103,137 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How St. Louis and Memphis Compare
Housing (1% more expensive in Memphis)
The average 1-bedroom apartment in Memphis rents for $950/month compared to $990/month in St. Louis. Median home prices: $236,000 in Memphis vs $235,000 in St. Louis.
Taxes
Missouri has a progressive state income tax from 0.0% to 4.7%. Tennessee has no state income tax. On a $75,000 salary, moving to Memphis would save you about $3,349/year in taxes alone.
Overall Cost of Living
Memphis's overall cost of living is 3.1% lower than St. Louis, based on the BEA Regional Price Parity index (where 100 = national average).St. Louis: 95.1, Memphis: 92.2.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your St. Louis 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 →