Factors that influence moving costs from Minneapolis to Memphis
What to know before moving from Minneapolis to Memphis
Moving from Minneapolis to Memphis means adjusting to a different pace of life โ and a different price tag. On average, it costs significantly more to live in Minneapolis than in Memphis, making the move an opportunity for many to enjoy a lower cost of living.
Check out how Minneapolis compares to Memphis so you know what to expect before you relocate:
Minneapolis | Memphis | |
---|---|---|
Average rent cost | $1,484 | $1,299 |
Average home value | $312,602 | $143,715 |
Average income (per capita) | $70,099 | $48,090 |
Cost of living (single person) | $3,900 | $1,842 |
Cost of living (family of 4) | $4,710 | $4,402 |
Unemployment rate | 4.5% | 8.0% |
Sales tax | 9.03% | 9.75% |
State income tax | 9.85% | 0.0% |
- Rent prices in Memphis are 13% lower than in Minneapolis, which means youโll have more money in your pocket each month.
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In terms of homeownership, youโll be able to get more for your money in Memphis.
Home prices in Memphis are 54.0% lower than in Minneapolis. - Income in Memphis is 31.4% lower than in Minneapolis, so you could earn less for doing the same job. The top employers in Memphis include FedEx, AutoZone, and International Paper.
- The cost of living for a single person in Memphis is 52.8% lower than in Minneapolis. This includes routine expenses like utilities, groceries, clothing, and transportation.
- The cost of living for a family in Memphis is 6.5% lower than in Minneapolis.
- The unemployment rate in Memphis is 77.78% higher than in Minneapolis.
- Youโll spend more on retail and restaurants in Memphis, since the cityโs sales taxes in Memphis are 7.97% higher than in Minneapolis.
- One perk of moving to Memphis is paying less in state income taxes, which are 100.00% lower than in Minneapolis.
To put this in perspective, you would need around $1,416.92 in Memphis to maintain the same standard of life that you can have with $3,000.00 in Minneapolis.
How life is different in Minneapolis vs. Memphis
Memphis | Minneapolis | |
---|---|---|
Population | 633,104 | 425,115 |
AllTransit Transportation Performance Score | 4 | 8 |
Walkability score | 35 | 71 |
Bike friendliness score | 41 | 83 |
Crime Index | 77.49 | 56.06 |
Safety Index | 22.51 | 43.94 |
Air Quality | Good | Good |
- Memphis's population is about 49% greater than Minneapolis.
- Memphis's public transportation has a score of 4 out of 10 versus Minneapolis's higher score of 8.
- Memphis is less walkable than Minneapolis with a score of 35 out of 100 vs Minneapolis's 71 out of 100.
- Memphis has a bike-friendliness score 41 out of 100, which means it isn't as accessible to and safe for cyclists as Minneapolis, which has a score of 83 out of 100.
- Memphis's crime rate is higher than Minneapolis with a score of 77.49 compared to Minneapolis's 56.06. This means that Memphis neighborhoods are safer than 77.49% of all U.S. neighborhoods, and Minneapolis neighborhoods are safer than 56.06%.
- Memphis is considered to be less safe than Minneapolis with a score of 22.51 vs Minneapolis's 43.94.
- Air quality in Memphis is good, and in Minneapolis it's good.
Other things to consider for your Minneapolis vs. Memphis move
- Weather: Winter weather comes alternately from the upper Great Plains and the Gulf of Mexico, which can lead to drastic swings in temperature. Summer weather may come from Texas (very hot and humid) or the Gulf (hot and very humid). Severe thunderstorms can occur at any time of the year though mainly during the spring months. Large hail, strong winds, flooding and frequent lightning can accompany these storms. Be sure to check your weather app to avoid inclement weather during your move.
- HOA rules: Be sure to review your community or HOA guidelines before moving day to avoid any surprises or delays.
- Elevator reservation: If your building has an elevator, make sure to find out how to reserve it ahead of your move.
- Truck parking permits: Many cities require special permits for parking large moving trucks. Check in advance to see if one is needed for your move.
- State licensing: Although a local license is not required in Tennessee, make sure the moving company youโll be hiring is registered with U.S. Department of Transportation (USDOT). To verify if youโre dealing with a legal and licensed mover, you may ask them their USDOT registration number.Double-check that the moving company is properly licensed before you hire them.
- State regulator: You can check the status of a Tennessee moving license through the state's public utilities commission.
- Moving permits: Tennessee doesn\โt require moving permits, but it\โs still a good idea to check local parking rules before your move-in day.
- Change of address: We suggest filing your USPS change of address form at least one week before your move. Youโll be able to set your official move date, helping ensure your mail is forwarded correctly to Memphis. Start the process here.
- Moving company insurance: Each state has its own requirements for the level of insurance moving companies must carry.When it comes to movers' insurance in Tennessee, most moving companies offer Released Value Protection at no extra charge. This basic coverage extends to 60 cents per pound per item. For increased protection, consider discussing Full Value Protection options with the moving company. Additionally, exploring third-party insurance providers is a viable choice for tailored plans. Prioritize understanding coverage limits, potential extra costs, and read reviews to make an informed decision about your moving insurance in Tennessee.
- Moving checklist: Use our moving checklist to stay on top of every detail and reduce last-minute stress.
Where to live in Memphis
Ready to relocate to "Bluff City"? Here are some of the top neighborhoods to consider in Memphis.
Best neighborhoods for singles
- Binghampton
- Cooper-Young
- Crosstown
- Downtown
- Midtown
Best neighborhoods for families
- Bartlett
- Cordova
- East Memphis
- Germantown
- River Oaks-Kirby-Balmoral
Things to do in Memphis
Once youโre settled into your new home in Tennessee, itโs time to get out and discover what Memphis has to offer. No matter your interests, thereโs something for everyone here:
- Arts and culture: Memphis features a variety of museums and cultural arts centers, including the Graceland, National Civil Rights Museum - Lorraine Motel, Stax Museum of American Soul Music, Memphis Rock 'n' Soul Museum, and Slave Haven / Burkle Estate Museum.
- Outdoor recreation: The cityโs Shelby Farms Park, Mud Island River Park, Tom Lee Park, and Levitt Shell โ among other spots โ perfect for hiking, biking, or simply soaking up the outdoors.
- Sports: Grab a seat and root for the home team during an Memphis Grizzlies (NBA) and Memphis Hustle (NBA G League) game.
FAQ
When is the best time to move from Minneapolis to Memphis?
Spring and fall are the ideal times to move from Minneapolis to Memphis. Youโll benefit from more comfortable weather and avoid the higher prices that come with peak moving season in Minneapolis.
When is the cheapest time to move from Minneapolis to Memphis?
Since spring and fall are the most popular times to move from Minneapolis to Memphis, moving in the winter could help you save money. Check out our guide on moving discounts for more tips.
How long does a move from Minneapolis to Memphis take?
The 828-mile journey from Minneapolis, MN to Memphis, TN typically takes two to seven days. Some movers in Minneapolis offer expedited services if you're on a tight schedule, and if you need extra time, be sure to ask about storage options in Memphis.