Rent, home values, family budgets, pay and taxes for the Memphis metro area, county by county.
Across the 8 counties in the metro with their own Zillow home value, the median typical home is worth $234,446. Values changed +1.8% over the past year and +17.5% over five years at the median county. A typical home costs 3.23 years of median family income at the median county.
With 10% down at 7.03%, the average 30-year rate on September 24, 2026, that home costs about $1,896 a month with tax, insurance and mortgage insurance, which takes $81,279 a year of income under the usual 28% guideline. The median family can afford its own county's typical home in 2 of the 8 counties, against 44.9% of counties nationally. Try it with your own income.
The most expensive counties in the metro are Fayette County, TN ($375,258), DeSoto County, MS ($302,646) and Tipton County, TN ($275,472); the least expensive are Tunica County, MS ($160,102), Crittenden County, AR ($168,152) and Shelby County, TN ($219,859).
The Economic Policy Institute prices what a modest but adequate standard of living costs in every county. In the median county of the metro, that comes to $48,345 a year for one adult and $96,850 for two adults and two children, of which $13,930 is childcare, against national averages of $47,367 and $101,771. Median family income is $76,246 in the median county.
Prices across Tennessee as a whole run 8.1% below the national average and rents 20.9% below the national average, by the Bureau of Economic Analysis's state measure. Median pay across all jobs in the state is $47,380 a year. Tennessee has no state income tax on wages. These are statewide figures, not measured for the metro itself. The metro spans parts of Arkansas, Mississippi and Tennessee. Compare a salary with another state or work out take-home pay.
| Crittenden County, AR | $168,152 | +6.5% | $1,098 | $63,203 | $93,890 |
| DeSoto County, MS | $302,646 | +1.6% | $1,668 | $94,387 | $109,984 |
| Fayette County, TN | $375,258 | −0.5% | $2,127 | $101,049 | $94,929 |
| Marshall County, MS | $222,347 | +0.4% | — | $63,882 | $97,442 |
| Shelby County, TN | $219,859 | −1.4% | $1,372 | $80,849 | $96,587 |
| Tate County, MS | $246,544 | +4.4% | — | $71,642 | $97,113 |
| Tipton County, TN | $275,472 | +1.9% | $1,858 | $84,489 | $91,980 |
| Tunica County, MS | $160,102 | +6.7% | — | $53,154 | $97,610 |
A dash means the source publishes no figure for that county. Metro membership follows Zillow's own county-to-metro assignment.
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Cost of living · Income tax · Child care costs
Metro areasNashville, TN · Memphis, TN · Knoxville, TN
Run the numbersTake-home pay in Tennessee · What a salary is worth in Tennessee · How much rent you can afford · What a car costs in Tennessee
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