Memphis Cost Of Living. Green areas mean that you can afford to live there based on the income and expense estimates, whereas red areas show areas are not affordable (i.e. Taking rent or a house payment out of the equation, the average cost of living expenses in memphis for a single person is around $830.
The following are collected for use in determining the cost of housing score: Other costs of living in memphis. In memphis, it is about 13% less than the median home.