Cost of living in the Memphis Metro Area
9 counties across TN, MS and AR. Population: 1,341,606.
Last updated May 22, 2026
Rent in the Memphis Metro Area
Average rent across the Memphis metro area, weighted by county population.
Source: HUD FMR + ACS (population-weighted metro average)
Income and earnings in the Memphis Metro Area
Earnings data averaged across all 9 counties.
Source: ACS (population-weighted metro average)
Home values in the Memphis Metro Area
Average home values and annual property tax across the metro.
Source: ACS (population-weighted metro average)
Energy costs in the Memphis Metro Area
Residential electricity and natural gas estimates.
Source: EIA (state averages applied per county, weighted)
All 9 counties in the Memphis Metro Area
The Memphis metro area includes 9 counties across TN, MS and AR. Sorted by population.
- Memphis TN$3,072/moPop922,195 Rent$1,207/mo Income$62,337/yrMemphis TN 922,195 $1,207/mo $62,337/yr $3,072/mo
- DeSoto County MS$3,336/moPop188,598 Rent$1,207/mo Income$82,980/yrDeSoto County MS 188,598 $1,207/mo $82,980/yr $3,336/mo
- Tipton County TN$3,123/moPop61,339 Rent$1,207/mo Income$71,736/yrTipton County TN 61,339 $1,207/mo $71,736/yr $3,123/mo
- Crittenden County AR$3,069/moPop47,609 Rent$1,207/mo Income$54,271/yrCrittenden County AR 47,609 $1,207/mo $54,271/yr $3,069/mo
- Fayette County TN$3,138/moPop42,653 Rent$1,207/mo Income$84,764/yrFayette County TN 42,653 $1,207/mo $84,764/yr $3,138/mo
- Marshall County MS$2,799/moPop33,899 Rent$864/mo Income$51,875/yrMarshall County MS 33,899 $864/mo $51,875/yr $2,799/mo
- Tate County MS$2,774/moPop28,135 Rent$831/mo Income$63,995/yrTate County MS 28,135 $831/mo $63,995/yr $2,774/mo
- Tunica County MS$2,950/moPop9,586 Rent$1,098/mo Income$38,402/yrTunica County MS 9,586 $1,098/mo $38,402/yr $2,950/mo
- Benton County MS$2,695/moPop7,592 Rent$843/mo Income$42,139/yrBenton County MS 7,592 $843/mo $42,139/yr $2,695/mo
Compare counties in the Memphis Metro Area
Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.
Open comparison toolFrequently asked questions about the Memphis Metro Area
Common questions about cost of living in the metro area.
What is the cost of living in the Memphis Metro Area?
The estimated average cost of living in the Memphis metro area is approximately $3,097 per month for a single person. This is a population-weighted average across the 9 counties that make up the metro area.
What is the average rent in the Memphis Metro Area?
The average one-bedroom rent across the Memphis metro area is $1,188 per month, based on HUD Fair Market Rent data weighted by county population.
What is the cheapest county in the Memphis Metro Area?
Benton County, MS is the most affordable county in the Memphis metro area at approximately $2,695 per month for a single person.
What is the most expensive county in the Memphis Metro Area?
DeSoto County, MS is the most expensive county in the Memphis metro area at approximately $3,336 per month for a single person.
How many counties are in the Memphis Metro Area?
The Memphis metro area covers 9 counties across TN, MS and AR. The five largest by population are Memphis, DeSoto County, Tipton County, Crittenden County, Fayette County.
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About this data
All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.