Moving from Tampa to Memphis (2026)
Memphis has a COL index of 83 vs 104 for Tampa (100 = US average). You'd pay about 20% less for the same lifestyle.
Save ~$964/mo
on core expenses · $75K salary baseline
Key differences
COL index
10483
100 = US avg
1BR rent
$2,000$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 Tampa lifestyle
Based on the 20% cost of living decrease between the two cities.
| Your salary in Tampa | Equivalent in Memphis |
|---|---|
| $40K | $31,923 |
| $50K | $39,904 |
| $60K | $47,885 |
| $75K | $59,856 |
| $80K | $63,846 |
| $100K | $79,808 |
| $120K | $95,769 |
| $150K | $119,712 |
Monthly budget at $75K — Tampa vs Memphis
| Expense | Tampa | Memphis |
|---|---|---|
| Monthly take-home | $4,741 | $4,741 |
| 1BR rent | $2,000 | $1,100 |
| Groceries | $376 | $357 |
| Transport | $65 | $55 |
| Utilities | $195 | $170 |
| Internet | $65 | $55 |
| Left after essentials | $2,040 | $3,004 |
Frequently asked questions
Is Memphis cheaper than Tampa?
Yes. Memphis has a cost of living index of 83 vs 104 for Tampa (100 = US average). That's about 20% cheaper.
How much will I save moving from Tampa to Memphis?
On a $75K salary, moving from Tampa to Memphis could save roughly $964/month on core expenses. That's ~$11,568/year.
What salary do I need in Memphis to match my Tampa lifestyle?
To maintain the same purchasing power as $75,000 in Tampa, you'd need roughly $59,856/year in Memphis. This is based on the overall COL index difference between the two cities.
Moving from Memphis to TampaTampa vs Memphis — full comparisonTampa 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