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Cost of Living in Memphis

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Aerial of planned community subdivision on Mud Island along the Mississippi River in Memphis, TN.
Cameron Davidson/Photographer's Choice/Getty Images
The American Chamber of Commerce Researchers Association (ACCRA) publishes a quarterly report on the cost of living in 30 metropolitan areas in the United States. The following information is taken from ACCRA's 2009 and 2010 first quarter reports. For a city to city comparison, try this cost of living calculator.

Overall Cost of Living:

11.3% below the national average

Cost of Housing:

22.1% below the national average

Cost of Utilities:

14.1% below the national average
It is worth noting that of the 50 cities included in a 2010 utility rate study, the Memphis metropolitan area had the second lowest utility costs. Springfield, MO had the lowest.

Cost of Transportation:

6.5% below the national average

Cost of Groceries:

8.6% below the national average

Cost of Healthcare:

.6% below the national average

Cost of Miscellaneous Expenses:

4.9% below the national average

Sample Prices in Memphis:

If your wondering how all of the above percentages will affect your wallet, here are the average prices of some goods and services in the Memphis area.
  • Loaf of bread -- $1.09 ($0.32 less than the national average)
  • Pound of ground beef -- $2.27 ($0.46 less than the national average)
  • Gallon of gas -- $2.12 ($0.12 less than the national average)
  • Haircut -- $11.67 ($1.32 less than the national average)
  • Movie ticket -- $8.71 ($0.16 more than the national average)
  • Doctor's visit -- $73.25 ($13.18 less than the national average)
  • Monthly rent in an apartment -- $739 ($67 less than the national average)

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