Memphis is located in Michigan and has an overall cost of living that is -18% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Memphis.

Housing: Median rent in Memphis is $689.06 / month, and the median home price is $229,597. Housing costs are -57% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($4.14), milk ($4.79), and eggs ($4.73) reflect the local grocery landscape. Overall grocery costs are +1% vs the national average.

Healthcare: Medical costs include doctor visits ($170.91), dentist visits ($137.29), and prescription drugs ($24.74). These costs should be factored into your monthly budget when planning a move.

Michigan has a state income tax rate of 4.25%, which affects take-home pay for Memphis residents.

Explore More

Salary Calculator

Calculate what salary you need when moving to or from Memphis.

Cheapest US Cities

See the most affordable cities in the US ranked by cost index.

All Michigan Cities

Compare Memphis with all 203 cities in Michigan.

Memphis, Michigan Cost of Living FAQ

Common questions about living costs in Memphis.

Memphis, Michigan has an overall cost of living that is -18% the national average. Housing costs are -57% vs the national average. Grocery prices are +1% vs average. Utilities are -5% vs average. This makes Memphis a very affordable place to live.

The median rent in Memphis, Michigan is $689.06 / month. Average energy bills run $209.56 / month. Phone bills average $186.95 / month. Housing is typically the largest expense for residents.

Healthcare costs in Memphis: doctor's visit averages $170.91, dentist visit averages $137.29, prescription drugs average $24.74. Overall healthcare expenses in the area are influenced by the +1% grocery cost difference.

Memphis is one of 203 cities tracked in Michigan. With an overall cost -18% vs the national average, it is more affordable than many other cities in the state. Visit our Michigan state page to compare all cities side-by-side and find the best fit for your budget.

Memphis offers cost of living -18% compared to the national average. Key factors to consider: median home price of $229,597, rent of $689.06 / month, and a state income tax of 4.25% in Michigan. Explore our detailed cost breakdown above to see if Memphis fits your budget.