Can I Afford to Live in Billings vs Memphis on $150K?
Here's how a $150K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.
Monthly budget breakdown
| Expense | Billings MT | Memphis TN |
|---|---|---|
| Monthly take-home (est.) | $8,094 | $8,944 |
| 1BR rent | $1,200 | $1,100 |
| Groceries (est.) | $369 | $357 |
| Transport (est.) | $42 | $55 |
| Utilities | $148 | $170 |
| Internet | $68 | $55 |
| Left after essentials | $6,267/month | $7,207/month |
Frequently asked questions
Is $150K a good salary in Billings?
At $150K/year in Billings, your estimated monthly take-home is $8,094. With 1BR rent around $1,200/month, rent takes up 15% of your take-home. That's considered very comfortable.
Is $150K a good salary in Memphis?
At $150K/year in Memphis, your estimated monthly take-home is $8,944. With 1BR rent around $1,100/month, rent takes up 12% of your take-home. That's considered very comfortable.
Which city is more affordable on a $150K salary?
Memphis leaves you with more money after core expenses — $7,207/month vs $6,267/month in Billings.
Can I afford to live alone in Billings on $150K?
Yes. At $150K in Billings, rent takes 15% of your take-home, leaving $6,267/month after essentials. Most financial planners recommend keeping rent below 30%.
See the full cost-of-living comparison
Rent, groceries, taxes, transportation, and more — side by side.
Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only