Salary Needed to Live in Memphis as a Couple
A couple sharing expenses without children needs approximately $21,695/year to live comfortably in Memphis, TN — including 12% savings.
Comfortable Salary
$21,695
with 12% savings
Bare Minimum
$18,224
no savings buffer
Monthly Expenses
$1,139
22% below national avg
Detailed Monthly Budget for a Couple in Memphis
| Expense | Memphis | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Apartment Rent | $83 | $137 | -39% |
| 🛒 Groceries | $23 | $27 | -15% |
| ⚡ Utilities | $17 | $19 | -11% |
| 🚗 Transportation | $28 | $35 | -20% |
| 🛡️ Car Insurance | $149 | $223 | -33% |
| 🏥 Health Insurance | $47 | $56 | -16% |
| Internet | $53 | $65 | -18% |
| Phone (×2) | $115 | $140 | -18% |
| Dining & Social | $369 | $450 | -18% |
| Entertainment | $148 | $180 | -18% |
| Personal Care (×2) | $107 | $130 | -18% |
| Total Monthly | $1,139 | $1,462 | -22% |
How We Calculated the Salary
Monthly expenses:$1,139
Target savings (12%):$185/mo
Monthly after-tax needed:$1,324
Effective tax rate:25%
Gross annual salary needed:$21,695
Other Household Types in Memphis
Related Pages
FAQ
What salary does a couple (no kids) need in Memphis?
A couple (no kids) needs approximately $21,695/year ($1,808/month gross) to live comfortably in Memphis with a 12% savings rate.
How much is rent for a couple (no kids) in Memphis?
A 1-2br apartment in Memphis costs approximately $83/month, which is the largest single expense at 7% of the total budget.
Is Memphis affordable for a couple (no kids)?
Yes, Memphis is 22% more affordable than the national average for a couple (no kids).