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:
$67,512/year
▼ $7,488 less than you make now
| Category | Tampa | Memphis |
|---|---|---|
| Salary | $75,000 | $67,512 |
| Federal Income Tax | -$8,114 | -$6,467 |
| Social Security | -$4,650 | -$4,186 |
| Medicare | -$1,088 | -$979 |
| State Tax | -$0 | -$0 |
| Take-Home Pay | $61,149 | $55,881 |
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 | $36,349 | -$3,651 | $31,245 |
| $50,000 | $45,441 | -$4,559 | $38,550 |
| $60,000 | $54,593 | -$5,407 | $45,904 |
| $75,000 | $67,512 | -$7,488 | $55,881 |
| $100,000 | $90,362 | -$9,638 | $71,956 |
| $150,000 | $135,702 | -$14,298 | $103,505 |
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 →