Moving from Tampa to Memphis?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Tampa lifestyle in Memphis, you'd need to earn:
$68,524/year
▼ $6,476 less than you make now
| Category | Tampa | Memphis |
|---|---|---|
| Salary | $75,000 | $68,524 |
| Federal Income Tax | -$8,114 | -$6,689 |
| Social Security | -$4,650 | -$4,248 |
| Medicare | -$1,088 | -$994 |
| State Tax | -$0 | -$0 |
| Take-Home Pay | $61,149 | $56,593 |
Why the difference
- Cost of living is -8.6% in Memphis
- Housing is -36.6% in Memphis
Estimated Moving Costs
Distance: ~668 miles
DIY Truck
$3,000
Container
$5,000
Full-Service
$7,000
Salary Equivalents: Tampa to Memphis
| Your Tampa Salary | Memphis Equivalent | Difference | Memphis Take-Home |
|---|---|---|---|
| $40,000 | $36,546 | -$3,454 | $31,403 |
| $50,000 | $45,683 | -$4,317 | $38,745 |
| $60,000 | $54,820 | -$5,180 | $46,086 |
| $75,000 | $68,524 | -$6,476 | $56,593 |
| $100,000 | $91,366 | -$8,634 | $72,662 |
| $150,000 | $137,049 | -$12,951 | $104,426 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Tampa and Memphis Compare
Housing (37% cheaper in Memphis)
The average 1-bedroom apartment in Memphis rents for $950/month compared to $1,500/month in Tampa. Median home prices: $236,000 in Memphis vs $374,000 in Tampa.
Taxes
Florida has no state income tax. Tennessee has no state income tax.
Overall Cost of Living
Memphis's overall cost of living is 8.6% lower than Tampa, based on the BEA Regional Price Parity index (where 100 = national average).Tampa: 100.9, Memphis: 92.2.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Tampa to Memphis move. Average cost: $3,000–$7,000.
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 →