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Cost of Living

Cost of Living

Big city benefits without the price tag

One of the most attractive features of life in Memphis is a remarkably low cost of living. From the price of dinner to the cost to heat and cool your home, the price of daily life in Memphis makes a lesser dent in your disposable income than it would in other cities, along with the fact that Tennessee is one of the lowest-taxed states per capita in the nation. Residents want to do everything that they can to save on their bills whilst maintaining their homes. This includes looking for the different ways that savings can be done whilst factoring that into their cost of living, for example, old water heaters in homes can skyrocket homeowners bills if they are worn and taking ages to heat up, this is where resources like summersphc.com/noblesville/services/plumbing/tankless-water-heater/ can be used to make sure that they have the best equipment to keep their homes ‘healthy’ as well as their wallets.

Memphis Light, Gas and Water customers pay the lowest utility bills, including electricity, natural gas, water and wastewater in the nation, according to a 2018 survey of 55 utility providers. 2018 data is available here.

Memphis benefits from all of the amenities that come with being the 23rd-largest city in the U.S. with a cost of living more than 15% below the national average. For the majority of residents, that means more money for travel, leisure, and saving for a rainy day.

It also means more money to live comfortably as some people come to Memphis because they are struggling on their current budget. If you are thinking of moving to Memphis for this reason do be aware that your ability to rent or switch utilities may be affected if you have a history of missing bills on your credit score. If you are unsure of your credit rating you can use a service like credit sesame (see this credit sesame reviews article for more information) to check at no extra cost.

Cost of Living Calculator

Compare the cost of living in Memphis with cities around the United States. Choose comparison cities and view estimates based on national averages provided by the C2ER Cost Of Living Index.

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