Moving from Memphis to Denver

Moving to Denver costs you $125 a month

−$1,500 a year for the same registered nurse, the same household size, and the same number of bedrooms.

Memphis leftover

$2,756

a month after tax and rent

Denver leftover

$2,631

−$125 vs Memphis

In 2022-2023, 155 households moved MemphisDenver (avg AGI $75,355). The whole move →

Monthly and annual budget comparison between Memphis, TN and Denver, CO
Per monthMemphisDenverDifference
Gross pay$7,083$8,251+$1,168
Income and payroll tax$1,401$2,057+$656
Take-home pay$5,682$6,194+$512
Rent$1,058$1,490+$432
Getting around$548$551+$3
Groceries$364$420+$56
Healthcare$410$473+$63
Utilities$228$263+$35
Everything else$319$368+$49
Left over$2,756$2,631−$125

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

$101,500

Household gross, versus $85,000 today. That's the salary that leaves you exactly as much at the end of the month as Memphis does now.

The tax difference alone

−$3,714

A year, in state and local income tax. Effective rates: 19.8% in Memphis, 24.9% in Denver.

More about Denver

Memphis, TN in full

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

Denver, CO in full

Mountains in an hour, 245 sunny days, and a flat 4.4% state tax.

The reverse move

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

DenverMemphis

Questions

Is the cost of living lower in Denver than Memphis?

A one-bedroom is about $1,058 in Memphis versus $1,490 in Denver. On a one-adult, one-bedroom household, leftover is about $125 a month lower in Denver. Change the job or household on the comparison to see your number.

Does Denver have state income tax?

Denver is in Colorado, which taxes wage income.

What changes if you move from Memphis to Denver?

Take-home pay is recalculated under Colorado 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.