Cheapest Cities Near Memphis (2026)

Memphis has a cost of living index of 83 (US avg = 100). Here are 8 more affordable metros to consider as alternatives.

More affordable alternatives

1
Flint, MI7% cheaper
COL: 771BR: $880/moSave $220/mo on rent
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2
McAllen, TX6% cheaper
COL: 781BR: $950/moSave $150/mo on rent
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3
Jackson, MS5% cheaper
COL: 791BR: $1,000/moSave $100/mo on rent
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4
Springfield, MO5% cheaper
COL: 791BR: $950/moSave $150/mo on rent
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5
Laredo, TX5% cheaper
COL: 791BR: $950/moSave $150/mo on rent
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6
Evansville, IN4% cheaper
COL: 801BR: $990/moSave $110/mo on rent
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7
Topeka, KS4% cheaper
COL: 801BR: $940/moSave $160/mo on rent
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8
El Paso, TX4% cheaper
COL: 801BR: $1,050/moSave $50/mo on rent
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Memphis at a glance

83
COL index
100 = US avg
$1,100
1BR rent
per month
$200K
Home price
median
None
State tax
income

Cities with similar cost of living

Scranton, PACOL: 83Columbus, GACOL: 83Kansas City, KSCOL: 83Dayton, OHCOL: 83

COL index sourced from Numbeo, Zillow, and BLS data · Q1 2026 · For general guidance only