#25 of 66 for you
Memphis, TN
No income tax and a logistics economy; wages trail the national median.
Left over monthly
$2,777
Versus Chicago
+$397/mo
+$4,764 a year
Local pay for your job
$85,367
Local wages run -9% vs national
Where the money goes
One earner filing as a household, at 1 bedrooms.
- Taxes$1,410
- Rent$1,058
- Other living costs$1,868
- Left over$2,777
Pay and tax, per year
- Gross household pay
- $85,367
- Federal income tax
- −$10,395
- Social Security and Medicare
- −$6,531
- State income tax (TN)
- None
- Take-home pay
- $68,442
- Effective tax rate
- 19.8%
Living costs, per month
- Rent, 1br
- $1,058
- Groceries
- $364
- Getting around
- $548
- Healthcare
- $410
- Utilities and internet
- $228
- Everything else
- $319
- Total spending
- $2,926
Left over each month
$7,114 gross, minus $1,410 in tax and $2,926 in living costs.
$2,777
What living here is like
- Weather
- 213 sunny days, 92°F in July, 32°F January nights
- Getting around
- Plan on a car per adult
- Average commute
- 25 minutes each way
- Size
- 1.3M people
- Buying instead
- Median home $228,100 — roughly $1,541/mo with 20% down, tax and upkeep
- Taxes
- No state income tax. Sales tax 9.6%, property tax 0.94%.
How it scores against what you said matters
- Money left over
- 73
- Sun and mild weather
- 70
- Access to the outdoors
- 50
- City life and culture
- 58
- A short commute
- 65
Chicago vs Memphis, line by line
Same job, same household, both tax codes applied.
Open the comparison →Also worth a look
- Seattle, WA$3,406/mo
No state income tax and high wages, offset by home prices and 150 sunny days.
- Austin, TX$3,176/mo
No income tax, but property taxes are among the steepest anywhere.
- Houston, TX$3,159/mo
The cheapest housing of any top-10 metro, paid for in property tax and humidity.
- Dallas, TX$3,044/mo
No income tax, endless new construction, and a 1.5% property tax bill.