Can An Accountant Afford Rent in Memphis, TN?
Comfortably affordable — rent takes 18.4% of gross income.
Memphis rent: June 2026. Salary: BLS OEWS May 2024 (Tennessee state estimate).
About rent and an accountant salary
Accountant pay covers comfortable rent in nearly every US city. The cost-of-living premium that high-cost metros add to rent is offset, in most cases, by higher local accountant pay — but not entirely. At the national-average accountant salary, the 30% rule supports about $2,270 a month in rent, which is above the median rent in most metros tracked here. The per-city pages quantify the surplus or pinch in each market.
Cheaper rent nearby
These Tennessee cities have lower median rent than Memphis, which improves the affordability math on an accountant salary:
Compare with full rent data for Memphis
View full rent data for Memphis, TN →Frequently asked questions
Can an accountant afford rent in Memphis, TN?
Median rent in Memphis is $1,280 a month. A typical accountant in Tennessee earns about $83,518 a year, which makes that rent 18.4% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can an accountant afford in Memphis?
Using the 30% rule, an accountant salary in Tennessee (~$83,518/yr) supports up to $2,088 a month in rent. Memphis's current median rent is $1,280/mo, which leaves a $808/mo buffer.
How many hours does an accountant work to cover rent in Memphis?
At an hourly equivalent of about $40 an hour, an accountant in Tennessee works roughly 31.9 hours a month to cover Memphis's median rent of $1,280.
Where is rent cheaper than Memphis for an accountant?
Nearby Tennessee cities with lower median rent include Gallatin ($1,279/mo), Smyrna ($1,274/mo), Jonesborough ($1,274/mo). Each shifts the affordability math materially on an accountant salary.