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Cost of living in Tennessee

2 cities in Tennessee are covered by this index, from the ACS 2019-2023 5-Year Estimates and the BEA Regional Price Parities 2023.

Cities in Tennessee

Sort key: population size of the city

Cost of living indicators for cities in Tennessee
City Population Median rent Median household income Rent / income Price level Salary needed
Nashville-Davidson, TN 684,298 $1,486 $75,197 23.7% 92.5 $59,400
Memphis, TN 629,063 $1,123 $51,211 26.3% 92.4 $44,900

"Salary needed" is twelve months of median rent divided by 0.30: the income that keeps the median rent at 30% of gross pay. See the methodology for definitions, margins of error and sources.

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