Cost of living in Memphis, TN

Memphis is a Census city in Shelby County, TN. ACS 2024 5-year population is 618,980. Median gross rent is $1,181 (ACS 2024 5-year, this place). Median home value is $169,000. Median household income is $51,736. Insurance is the NAIC state average; food is a USDA plan — no town indexes.