Moving from Austin to Memphis

Moving to Memphis costs you $399 a month

−$4,788 a year for the same registered nurse, the same household size, and the same number of bedrooms.

Austin leftover

$3,173

a month after tax and rent

Memphis leftover

$2,774

−$399 vs Austin

In 2022-2023, 65 households moved AustinMemphis (avg AGI $62,323). 133 went the other way. The whole move →

Monthly and annual budget comparison between Austin, TX and Memphis, TN
Per monthAustinMemphisDifference
Gross pay$8,125$7,109−$1,016
Income and payroll tax$1,710$1,409−$301
Take-home pay$6,415$5,700−$714
Rent$1,226$1,058−$168
Getting around$566$548−$18
Groceries$400$364−$36
Healthcare$450$410−$40
Utilities$250$228−$22
Everything else$350$319−$31
Left over$3,173$2,774−$399

To break even in Memphis, you'd need to earn

$92,000

Household gross, versus $97,500 today. That's the salary that leaves you exactly as much at the end of the month as Austin does now.

The tax difference alone

$0

A year, in state and local income tax. Tennessee has no wage income tax.

More about Memphis

Austin, TX in full

No income tax, but property taxes are among the steepest anywhere.

Memphis, TN in full

No income tax and a logistics economy; wages trail the national median.

The reverse move

Same two cities, but starting from Memphis on Memphis wages.

MemphisAustin

Questions

Is the cost of living lower in Memphis than Austin?

A one-bedroom is about $1,226 in Austin versus $1,058 in Memphis. On a one-adult, one-bedroom household, leftover is about $399 a month lower in Memphis. Change the job or household on the comparison to see your number.

Does Memphis have state income tax?

Memphis is in Tennessee, which has no state income tax.

What changes if you move from Austin to Memphis?

Take-home pay is recalculated under Tennessee tax, rent is priced at the same bedroom count, and leftover is the gap. The from-to page also lists IRS households that already made the move, when that data exists.

Rent is Zillow's asking rent for each metro; taxes and living costs are modelled. An estimate, not a quote or tax advice. How this is calculated.