Cost of Living in Memphis, TN, United States

RESTAURANTS

A great number of new businesses are popping up across town, many focused on foods, beverages, and entertainment.

There’s a significant number of good chef-owned restaurants.

Like all cities, you’ll find restaurants that are more upscale and areas that are more low-income.

You can expect to eat in an inexpensive restaurant for no less than 17$.

MARKETS

When it comes to groceries, you should definitely try cooking sometimes – preparing your meals by yourself will cost you much less than eating out.

Memphis has all the regular stores and supermarkets most major cities have and the prices are pretty reasonable and affordable.

TRANSPORTATION

Travel by car is the only way to get around Memphis unless you want to roam around downtown all the live long day.

If you don’t have one, bus service provided by the Memphis Area Transit Authority is available across the city.

Some routes, however, don’t even have buses operating in the evenings.

Most of the garages in downtown are under 5$ most nights, and only about $10 during bigger events.

UTILITIES (MONTHLY)

As for the rest of the utilities, they are actually pretty low, though not the lowest in the state.

For example, for an apartment of 85m2, all basic utilities – including electricity, along with heating and cooling, water, gas, and garbage services – will cost you only around 240$.

SPORTS & LEISURE

If you’re into staying fit by practicing fitness or going to the gym, Memphis has you covered!

Namely, becoming a member of a gym or a fitness club will cost you less than 23$ a month, which is reasonable.

Cinema, in turn, is on par with other Tennessee cities, but still somewhat expensive – 14$ per seat.

CLOTHING & SHOES

You can always go shopping in Beale Street if you’re looking for anything, really: there’s a dry goods store whose motto is “If we don’t have it, you don’t need it.”

But if you’re looking for malls, Memphis has them and they’re reasonably priced.

Here you can buy a pair of quality jeans like Levi’s for a bit more than 50$, and pair of sneakers like Nike for around 80$.

RENT PER MONTH

There are also some reasonably priced apartments in the old town area, but generally, it depends on where you’re located.

Don’t expect to find a cute apartment anywhere near the center for less than 1,375.44 $ – and that goes for one-bedroom apartments!

If you want to move in with your family in a larger apartment, then prepare to cash out at least 2,183.33$.