Affordability
What it costs
Median income: $41,228. Median rent: $950. Median home price: $155,000.
- Median rent: $950/mo
- Median home price: $155,000
- Median household income: $41,228
- Rent-to-income: 28% of annual income
City guide · Tennessee
Memphis, TN
Memphis, TN city guide. Population is 633,104. Median household income is $41,228. Median rent is $950.
Key numbers
Population633,104
Median income$41,228
Median rent / mo$950
Median home price$155,000
State income taxNone
Sunny days / year214
Climate
Everyday feel
Average high: 70°F. Average low: 49°F. Annual rainfall: 54 inches. Sunny days: 214.
- Average high: 70°F
- Average low: 49°F
- Annual rainfall: 54 inches
- Sunny days/year: 214
Taxes
State & local
State tax rate: 0%. Local tax rate: 9.75%.
- State income tax: None (0%)
- Local tax rate: 9.75%
- Tennessee is one of 9 states with no income tax.
Compare
How does Memphis compare?
See Memphis side by side with another city on rent, income, taxes, and weather.
Related cities
Keep exploring
Nearby places
Useful local places around Memphis
This section pulls live nearby place data from map/open-data sources using the city coordinates so visitors can quickly see practical local options beyond just statistics.
This city does not yet have coordinates in Drupal, so nearby parks, gardens, parking, and hotel results cannot be loaded.
Frequently asked questions about Memphis
What is the cost of living in Memphis, TN?
Median income: $41,228. Median rent: $950. Median home price: $155,000.
Does Tennessee have a state income tax?
State tax rate: 0%. Local tax rate: 9.75%.
What is the weather like in Memphis?
Average high: 70°F. Average low: 49°F. Annual rainfall: 54 inches. Sunny days: 214.
Is Memphis a good place to live?
Memphis, TN city guide. Population is 633,104. Median household income is $41,228. Median rent is $950.