Monthly Budget in Memphis for a Family of Four
What it costs two adults, two children to live in Memphis, TN in 2026.
$3,883
Total Monthly
$8,629
Salary Needed
82
Cost Index
Complete Monthly Budget
| Category | Expense | Monthly Cost |
|---|---|---|
| Essential | Rent (3BR apartment) | $1,476 |
| Essential | Groceries & household supplies | $87 |
| Essential | Utilities (electric, gas, water) | $31 |
| Essential | Transportation (gas, transit, maintenance) | $57 |
| Essential | Car insurance | $298 |
| Essential | Health insurance (family plan) | $118 |
| Lifestyle | Internet & streaming | $61 |
| Lifestyle | Phone plan (4 lines) | $238 |
| Lifestyle | Dining out & takeout | $287 |
| Lifestyle | Entertainment & recreation | $246 |
| Essential | Childcare (2 children) | $984 |
| Essentials Subtotal | $3,051 | |
| Lifestyle Subtotal | $832 | |
| Total Monthly Budget | $3,883 |
💡 Salary Needed: To live in Memphis as two adults, two children with a 20% savings margin, you need approximately $8,629/year before taxes.Check affordability →