Cost of Living · 2026
Metro population: 1.3M
Monthly take-home
$5,096
on $75K, single filer
2-BR rent (HUD FMR)
$1,274
per month
Median home value
$195,000
+4.2% year-over-year
Left after rent
$3,822
per month on $75K
Food costs (index, 100 = national avg)
89
Groceries
90
Dining out
On a $75,000 salary in Memphis, you take home about $5,096 per month after federal and state taxes. A typical two-bedroom apartment runs $1,274 per month based on HUD fair market rents, leaving you with roughly $3,822 for everything else. If you are looking to buy, the median home in the Memphis metro is valued at $195,000. These numbers use 2026 tax brackets and official government data sources. Use them as a starting point, not financial advice.
Compare Memphis with other citiesData from IRS, HUD, BLS, and Zillow. Last updated March 2026.