Cost of Living in Memphis
How much does it cost to visit Memphis? Daily budgets, accommodation costs, and real price examples for 2026.
Photo: Florian Wehde / Unsplash
Daily Budget Breakdown
Budget
Hostels, street food, free attractions
USD 75
per day
Weekly: USD 525
Monthly: USD 2250
Examples
- 🏨Hostel at HI MemphisUSD 30
- 🍽️Pulled pork sandwich at The Bar-B-Q ShopUSD 15
- 🚌Memphis Area Transit Authority (MATA) day passUSD 5
- 🎟️Explore Beale Street and visit the National Civil Rights Museum at the Lorraine MotelUSD 25
Mid-Range
3-star hotels, restaurants, guided tours
USD 175
per day
Weekly: USD 1225
Monthly: USD 5250
Examples
- 🏨The Guest House at GracelandUSD 150
- 🍽️Dinner at Rendezvous for ribs and sidesUSD 40
- 🚌Uber rides for convenienceUSD 30
- 🎟️Visit Sun Studio and the Stax Museum of American Soul MusicUSD 40
Luxury
5-star hotels, fine dining, private tours
USD 400
per day
Weekly: USD 2800
Monthly: USD 12000
Examples
- 🏨The Peabody Memphis hotel roomUSD 300
- 🍽️Fine dining experience at Folk's Folly Prime Steak HouseUSD 150
- 🚌Private car service for the dayUSD 100
- 🎟️Private guided tour of Graceland and a show at the Orpheum TheatreUSD 150
Cost by Category
accommodation
$50 - $150
food
$30 - $70
Transport
$10 - $30
activities
$20 - $50
Cost by Neighbourhood
| Neighbourhood | Budget Level | vs City Centre | Best For |
|---|---|---|---|
| Downtown Memphis | Mid-range | average | first-timers, culture |
| Midtown Memphis | Mid-range | slightly below average | foodies, culture |
| Cordova | Budget | below average | families, budget |
Money-Saving Tips for Memphis
🏨 Accommodation
- Stay in budget neighbourhoods outside the tourist centre
- Book apartments for longer stays (weekly discounts)
- Travel in shoulder season for lower hotel rates
- Compare prices across multiple booking platforms
🍽️ Food & Drink
- Eat where locals eat, away from tourist hotspots
- Try street food and market stalls for cheap eats
- Buy lunch specials instead of evening meals
- Cook some meals if your accommodation has a kitchen
🚌 Transport
- Buy multi-day transit passes for unlimited travel
- Walk between nearby attractions to save fares
- Use public transport over taxis where possible
- Book airport transfers in advance for fixed prices
🎟️ Activities
- Take free walking tours (tip-based)
- Look for free museum days or discounted hours
- Book tours and activities online for lower prices
- Explore parks, markets, and neighbourhoods on foot
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FAQ: Memphis Costs
How much does it cost to visit Memphis?
Budget travellers can visit Memphis for around USD 75/day (USD 525/week). Mid-range travellers should budget USD 175/day, while luxury travel costs around USD 400/day.
Is Memphis expensive?
Memphis is moderately priced. At USD 75/day for budget travellers, it offers good value compared to major Western capitals.
How much should I budget per day in Memphis?
For a comfortable mid-range experience in Memphis, budget USD 175/day. This covers a decent hotel, meals at sit-down restaurants, public transport, and a couple of activities.
What is the cheapest way to visit Memphis?
Budget travellers in Memphis can get by on USD 75/day by staying in hostels or budget hotels, eating street food and local restaurants, using public transport, and choosing free walking tours and public attractions.