Memphis, Tennessee
In Memphis, Tennessee, a gallon of regular gas costs $3.82 as of 2026-04-01 — $0.25 below the national average of $4.06. The average monthly rent for all unit types is $1,421, compared to the national average of $1,900. Grocery inflation is running at 5.27% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Memphis's cost-of-living index of 82 puts it below the national average of 100.
Key Numbers
Gas (Regular)
$3.82
National: $4.06
Avg Rent (All)
$1,421
National: $1,900
Grocery Inflation
5.27%
Year-over-year
Fast Food Avg
$11.00
Combo meal
Electricity
13.1¢
per kWh · ~$118/mo
Car Insurance
$173/mo
$2,080/yr
Median Household Income
$62,337
37.3% goes to essentials
Car Insurance
Avg $2,080 in Memphis. Compare rates:
📸 Help make this data more accurate
Some prices above are regional estimates. Submit a receipt from a local store to help us show what Memphis residents actually pay.
Save on Gas
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Find Apartments
Avg rent $1,421/mo in Memphis. Browse listings:
Grocery Prices
Grocery Prices — 2000 to Present
National BLS averages · submit local prices below ↓
Eggs (dozen)
Bird flu volatility
$2.58 BLS avg
Milk (gallon)
$4.10 BLS avg
Ground Beef (lb)
$6.75 BLS avg
Bread (loaf)
$1.84 BLS avg
Chicken Breast (lb)
$2.04 BLS avg
Butter (lb)
$4.92 BLS avg
Bacon (lb)
$7.27 BLS avg
Cheddar Cheese (lb)
$6.43 BLS avg
Pasta (lb)
$1.82 BLS avg
Rice (5 lb)
$4.67 BLS avg
Coffee (12 oz)
$11.53 BLS avg
Orange Juice (64 oz)
Citrus shortage
$4.75 BLS avg
Potatoes (5 lb)
$4.02 BLS avg
Apples (3 lb)
$4.66 BLS avg
Tomatoes (lb)
$2.48 BLS avg
Lettuce (head)
$2.19 BLS avg
Cooking Oil (48 oz)
$6.98 BLS avg
Yogurt (32 oz)
$4.51 BLS avg
Cereal (family size)
$5.59 BLS avg
Frozen Pizza
$8.00 BLS avg
| Item | 2000 | 2005 | 2010 | 2015 | 2020 | 2022 | 2026 | Since 2000 |
|---|---|---|---|---|---|---|---|---|
| Eggs (dozen)Bird flu volatility | — | — | — | — | — | $1.93 | $2.58 | +156.4% |
| Milk (gallon) | — | — | — | — | — | $3.79 | $4.10 | +44.6% |
| Ground Beef (lb) | — | — | — | — | — | $4.55 | $6.75 | +354.4% |
| Bread (loaf) | — | — | — | — | — | $1.55 | $1.84 | +104.0% |
| Chicken Breast (lb) | — | — | — | — | — | $1.62 | $2.04 | +93.5% |
| Butter (lb) | — | — | — | — | — | $3.98 | $4.92 | +23.6% |
| Bacon (lb) | — | — | — | — | — | $5.93 | $7.27 | +22.6% |
| Cheddar Cheese (lb) | — | — | — | — | — | $5.24 | $6.43 | +22.7% |
| Pasta (lb) | — | — | — | — | — | $1.38 | $1.82 | +31.9% |
| Rice (5 lb) | — | — | — | — | — | $3.75 | $4.67 | +24.5% |
| Coffee (12 oz) | — | — | — | — | — | $7.75 | $11.53 | +48.8% |
| Orange Juice (64 oz)Citrus shortage | — | — | — | — | — | $3.36 | $4.75 | +41.4% |
| Potatoes (5 lb) | — | — | — | — | — | $3.54 | $4.02 | +13.6% |
| Apples (3 lb) | — | — | — | — | — | $4.19 | $4.66 | +11.2% |
| Tomatoes (lb) | — | — | — | — | — | $1.95 | $2.48 | +27.2% |
| Lettuce (head) | — | — | — | — | — | $1.69 | $2.19 | +29.6% |
| Cooking Oil (48 oz) | — | — | — | — | — | $4.92 | $6.98 | +41.9% |
| Yogurt (32 oz) | — | — | — | — | — | $3.87 | $4.51 | +16.5% |
| Cereal (family size) | — | — | — | — | — | $4.29 | $5.59 | +30.3% |
| Frozen Pizza | — | — | — | — | — | $5.60 | $8.00 | +42.9% |
Dining & Restaurants
Fast Food Meal
$11.00
Casual Dining
$15.72
Monthly Spend
$261.55
+3.62% YoYChain Restaurant Meal Prices — 2022 vs. Today
Combo meal / typical order for one
McDonald's
2022: $5.28
$8.52
+61.4%Wendy's
2022: $5.96
$9.20
+54.4%Chipotle
2022: $6.39
$9.54
+49.3%Starbucks
2022: $3.21
$4.46
+38.9%Eating out more? Save on groceries with Ibotta and cook at home more often.
Looking for an Apartment in Memphis?
Average 1BR: $1,165/mo · 2BR: $1,677/mo
Local Workforce
2024 · BLS QCEWTotal Jobs
482k
Median Weekly Pay
$1,375
$72k/yr
Top Sector
Trade, Transportation & Utilities
Household vs Worker Pay
$62k
household median
Employment by Sector — Memphis
% of local workforce · avg weekly wage · 5-year growth trend
~$73k/yr
~$70k/yr
~$71k/yr
~$32k/yr
~$92k/yr
Source: BLS QCEW 2024 Annual · County FIPS 47157
Highest Paying Sector
Financial Activities
$2,179/wk · $113k/yr
Most Workers (lowest wage)
Leisure & Hospitality
$611/wk · $32k/yr
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