How Much Does College Tuition Cost in Memphis, TN?
Memphis pricing is 18% below the national average. Updated for 2026.
Based on local labor rates, humid-subtropical climate conditions, and Memphis's logistics-healthcare-music economy.See our methodology
College Tuition Pricing in Memphis, TN
Memphis is one of the more affordable markets for college tuition, with costs running about 18% below the national average. The city's logistics-healthcare-music economy and balanced labor market create favorable conditions for competitive pricing. Getting multiple quotes from the 630K-population metro area is straightforward.
Local climate plays a direct role in college tuition costs here. Hot humid summers increase HVAC and pest control needs; Mississippi River proximity means flood risk for some areas.
Market-specific factors matter in Memphis: major logistics hub keeps material delivery costs low; moderate labor market means competitive pricing.
Memphis has moderate permitting requirements. Depending on the scope of your college tuition project, you may need local permits. A licensed contractor will handle the permitting process as part of the job in most cases.
Memphis vs National Average
What Affects College Tuition Cost in Memphis?
School Type
Community college: $3K-$8K/yr. Public in-state: $8K-$15K/yr. Public out-of-state: $20K-$35K/yr. Private: $35K-$60K/yr
Total Cost
Including room and board, fees, books: add $12K-$20K per year to tuition
Memphis Market Conditions
major logistics hub keeps material delivery costs low; moderate labor market means competitive pricing
Local Climate Impact
hot humid summers increase HVAC and pest control needs; Mississippi River proximity means flood risk for some areas
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Tips to Save on College Tuition in Memphis
- 1.Start at community college and transfer ($3K-$5K/year vs $10K-$30K)
- 2.Apply for every scholarship you can find
- 3.Consider in-state public universities
- 4.File FAFSA every year โ even if you think you won't qualify
๐ College Tuition in Memphis Cost Trends (2020โ2024)
Prices have increased +17.7% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $15,323 | โ |
| 2021 | $15,967 | +4.2% |
| 2022 | $17,005 | +6.5% |
| 2023 | $17,481 | +2.8% |
| 2024 | $18,040 | +3.2% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
๐ฌ What Did You Pay?
Real costs reported by homeowners for College Tuition in Memphis
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Frequently Asked Questions
Is college still worth the cost?
Statistically, college graduates earn $1M+ more over their lifetime than non-graduates. However, ROI varies significantly by major and school.
Why does college tuition cost different in Memphis than other cities?
Memphis's costs reflect local labor rates driven by the logistics-healthcare-music economy, humid-subtropical climate conditions that affect materials and scheduling, and moderate permitting requirements. The balanced labor market also influences competitive pricing.
College Tuition Cost in Nearby Cities
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