Fishers vs Memphis
Cost of Living Comparison · 2026 Data
Fishers
Memphis
💡 The Verdict
Fishers is 10% cheaper than Memphis overall. A $75,000 salary in Fishers is equivalent to $82,895 in Memphis.
Category-by-Category Breakdown
Index values for Fishers (left) vs Memphis (right). National average = 100.
Detailed Price Comparison
Estimated item-level prices in Fishers versus Memphis. Differences shown from Fishers perspective.
| Item | Fishers | Memphis | Difference |
|---|---|---|---|
| 1-Bed Rent | $620/mo | $720/mo | $-100.00 |
| 2-Bed Rent | $890/mo | $1,000/mo | $-110.00 |
| 3-Bed Rent | $1,220/mo | $1,300/mo | $-80.00 |
| Bread (loaf) | $1.90 | $2.40 | $-0.50 |
| Milk (gallon) | $2.52 | $3.74 | $-1.22 |
| Eggs (dozen) | $2.66 | $3.05 | $-0.39 |
| Coffee (latte) | $4.36 | $5.47 | $-1.11 |
| Gas (gallon) | $2.91 | $3.29 | $-0.38 |
| Restaurant Meal | $15.89 | $13.90 | +$1.99 |
💰 Salary Equivalence
A $75,000 salary in Fishers has the same purchasing power as $82,895 in Memphis.
Conversely, $75,000 in Memphis equals $67,857 in Fishers.
💼 Take-Home Pay Comparison
Estimated annual take-home pay on a $75,000 salary after federal, FICA, and state income taxes.
The $2401 difference is driven by Indiana having a higher state income tax rate. Indiana details → · Tennessee details →
Reading These Numbers: Fishers (76) vs Memphis (84)
Fishers at 76 is 24% below the US average, while Memphis at 84 is 16% below average. The cost difference between these cities is relatively modest.
In Fishers, the composite index of 76 reflects a weighted calculation where housing carries the most influence at 65, followed by groceries (75), utilities (71), transportation (80), and healthcare (80). Costs are fairly balanced across categories.
For renters: With median rents of $890/mo in Fishers and $1,000/mo in Memphis, the annual rent difference is approximately $1,320.0. Over a 5-year period, that compounds to $6,600.0 in savings by choosing the more affordable city.
For homebuyers: The $33,000.0 difference in median home prices between Fishers and Memphis translates to meaningful differences in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
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Making Your Decision: Fishers vs Memphis
Choosing between Fishers and Memphis involves more than just comparing index numbers. Consider how each category aligns with your personal spending patterns. If you work from home, transportation costs matter less than housing and utilities. If you eat out frequently, the groceries index may understate your actual food spending — look at the restaurant meal prices in the detailed comparison table above instead.
Beyond the numbers shown above, quality of life differences between Fishers and Memphis can meaningfully affect your financial picture in ways the index does not capture. Commute time translates to fuel costs and vehicle depreciation. Climate affects utility bills seasonally. Access to public parks and free cultural venues reduces entertainment spending. Consider these secondary financial effects alongside the direct cost comparisons when making your final decision.