Moving from Miami to Memphis (2026)
Memphis has a COL index of 83 vs 123 for Miami (100 = US average). You'd pay about 33% less for the same lifestyle.
Save ~$1,529/mo
on core expenses · $75K salary baseline
Key differences
COL index
12383
100 = US avg
1BR rent
$2,500$1,100
per month
State tax
NoneNone
income tax
Take-home at $75K
$4,741$4,741
per month
Salary needed in Memphis to match your Miami lifestyle
Based on the 33% cost of living decrease between the two cities.
| Your salary in Miami | Equivalent in Memphis |
|---|---|
| $40K | $26,992 |
| $50K | $33,740 |
| $60K | $40,488 |
| $75K | $50,610 |
| $80K | $53,984 |
| $100K | $67,480 |
| $120K | $80,976 |
| $150K | $101,220 |
Monthly budget at $75K — Miami vs Memphis
| Expense | Miami | Memphis |
|---|---|---|
| Monthly take-home | $4,741 | $4,741 |
| 1BR rent | $2,500 | $1,100 |
| Groceries | $399 | $357 |
| Transport | $112 | $55 |
| Utilities | $185 | $170 |
| Internet | $70 | $55 |
| Left after essentials | $1,475 | $3,004 |
Frequently asked questions
Is Memphis cheaper than Miami?
Yes. Memphis has a cost of living index of 83 vs 123 for Miami (100 = US average). That's about 33% cheaper.
How much will I save moving from Miami to Memphis?
On a $75K salary, moving from Miami to Memphis could save roughly $1,529/month on core expenses. That's ~$18,348/year.
What salary do I need in Memphis to match my Miami lifestyle?
To maintain the same purchasing power as $75,000 in Miami, you'd need roughly $50,610/year in Memphis. This is based on the overall COL index difference between the two cities.
Moving from Memphis to MiamiMiami vs Memphis — full comparisonMiami cost of livingMemphis cost of living
Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates at $75K. Zillow · BLS · Numbeo · For general guidance only