Discretionary Income in Memphis, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Memphis, TN is ranked 11th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Memphis, TN
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,257
Discretionary Income
$3,888
With a gross annual salary of $100,000 in Memphis, TN, you would need to deduct approximately $1,188 per month for taxes. Given that the average cost of living in Memphis is $3,257, you would have around $3,888 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Memphis, TN, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Memphis, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Memphis, TN |
|---|---|
| $30,000 | -$901 |
| $40,000 | -$167 |
| $50,000 | $566 |
| $60,000 | $1,288 |
| $70,000 | $1,938 |
| $80,000 | $2,588 |
| $90,000 | $3,238 |
| $100,000 | $3,888 |
| $110,000 | $4,536 |
| $120,000 | $5,170 |
| $130,000 | $5,803 |
| $140,000 | $6,436 |
| $150,000 | $7,070 |
| $175,000 | $8,653 |
| $200,000 | $10,209 |
| $250,000 | $13,030 |
| $300,000 | $15,739 |
| $350,000 | $18,447 |
| $400,000 | $21,155 |
| $450,000 | $23,864 |
| $500,000 | $26,572 |
Discretionary Income in Memphis, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Memphis, TN is ranked 14th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Memphis, TN
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$2,198
Discretionary Income
$4,947
With a gross annual salary of $100,000 in Memphis, TN, a single person would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Memphis is $2,198, singles would have around $4,947 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Memphis, TN, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Memphis, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Memphis, TN |
|---|---|
| $30,000 | $159 |
| $40,000 | $892 |
| $50,000 | $1,626 |
| $60,000 | $2,347 |
| $70,000 | $2,997 |
| $80,000 | $3,647 |
| $90,000 | $4,297 |
| $100,000 | $4,947 |
| $110,000 | $5,596 |
| $120,000 | $6,229 |
| $130,000 | $6,863 |
| $140,000 | $7,496 |
| $150,000 | $8,129 |
| $175,000 | $9,713 |
| $200,000 | $11,269 |
| $250,000 | $14,090 |
| $300,000 | $16,798 |
| $350,000 | $19,507 |
| $400,000 | $22,215 |
| $450,000 | $24,923 |
| $500,000 | $27,632 |
Discretionary Income in Memphis, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Memphis, TN is ranked 12th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Memphis, TN
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,227
Discretionary Income
$3,918
With a gross annual salary of $100,000 in Memphis, TN, a couple would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Memphis is $3,227, couples would have around $3,918 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Memphis, TN, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Memphis, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Memphis, TN |
|---|---|
| $30,000 | -$871 |
| $40,000 | -$137 |
| $50,000 | $596 |
| $60,000 | $1,318 |
| $70,000 | $1,968 |
| $80,000 | $2,618 |
| $90,000 | $3,268 |
| $100,000 | $3,918 |
| $110,000 | $4,566 |
| $120,000 | $5,200 |
| $130,000 | $5,833 |
| $140,000 | $6,466 |
| $150,000 | $7,100 |
| $175,000 | $8,683 |
| $200,000 | $10,239 |
| $250,000 | $13,060 |
| $300,000 | $15,769 |
| $350,000 | $18,477 |
| $400,000 | $21,120 |
| $450,000 | $23,745 |
| $500,000 | $26,370 |
Discretionary Income in Memphis, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Memphis, TN is ranked 14th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Memphis, TN
Gross Salary
$8,333
Taxes
$927
Cost of Living
$3,186
Discretionary Income
$4,220
With a gross annual salary of $100,000 in Memphis, TN, a single parent would need to deduct approximately $927 per month for taxes. Considering the average cost of living in Memphis is $3,186, single parents would have around $4,220 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Memphis, TN, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Memphis, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Memphis, TN |
|---|---|
| $30,000 | -$763 |
| $40,000 | -$18 |
| $50,000 | $715 |
| $60,000 | $1,448 |
| $70,000 | $2,182 |
| $80,000 | $2,915 |
| $90,000 | $3,570 |
| $100,000 | $4,220 |
| $110,000 | $4,870 |
| $120,000 | $5,514 |
| $130,000 | $6,147 |
| $140,000 | $6,781 |
| $150,000 | $7,414 |
| $175,000 | $8,997 |
| $200,000 | $10,581 |
| $250,000 | $13,433 |
| $300,000 | $16,147 |
| $350,000 | $18,855 |
| $400,000 | $21,563 |
| $450,000 | $24,272 |
| $500,000 | $26,980 |
Discretionary Income in Memphis, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Memphis, TN is ranked 8th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Memphis, TN
Gross Salary
$8,333
Taxes
$686
Cost of Living
$4,419
Discretionary Income
$3,228
With a gross annual salary of $100,000 in Memphis, TN, a family would need to deduct approximately $686 per month for taxes. Considering the average cost of living in Memphis is $4,419, families would have around $3,228 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Memphis, TN, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Memphis, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Memphis, TN |
|---|---|
| $30,000 | -$1,938 |
| $40,000 | -$1,188 |
| $50,000 | -$438 |
| $60,000 | $295 |
| $70,000 | $1,028 |
| $80,000 | $1,762 |
| $90,000 | $2,495 |
| $100,000 | $3,228 |
| $110,000 | $3,962 |
| $120,000 | $4,671 |
| $130,000 | $5,321 |
| $140,000 | $5,971 |
| $150,000 | $6,621 |
| $175,000 | $8,246 |
| $200,000 | $9,871 |
| $250,000 | $13,069 |
| $300,000 | $16,235 |
| $350,000 | $19,402 |
| $400,000 | $22,515 |
| $450,000 | $25,348 |
| $500,000 | $28,157 |