Monthly Budget in Memphis for a Single Adult
What it costs one working adult, no dependents to live in Memphis, TN in 2026.
$1,730
Total Monthly
$3,844
Salary Needed
82
Cost Index
Complete Monthly Budget
| Category | Expense | Monthly Cost |
|---|---|---|
| Essential | Rent (1BR apartment) | $984 |
| Essential | Groceries & household supplies | $27 |
| Essential | Utilities (electric, gas, water) | $21 |
| Essential | Transportation (gas, transit, maintenance) | $28 |
| Essential | Car insurance | $149 |
| Essential | Health insurance (individual) | $47 |
| Lifestyle | Internet & streaming | $61 |
| Lifestyle | Phone plan (1 line) | $85 |
| Lifestyle | Dining out & takeout | $205 |
| Lifestyle | Entertainment & recreation | $123 |
| Essentials Subtotal | $1,256 | |
| Lifestyle Subtotal | $474 | |
| Total Monthly Budget | $1,730 |
💡 Salary Needed: To live in Memphis as a one working adult, no dependents with a 20% savings margin, you need approximately $3,844/year before taxes.Check affordability →