How Much Does Furnace Replacement 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
Furnace Replacement Pricing in Memphis, TN
Memphis is one of the more affordable markets for furnace replacement, 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 furnace replacement 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 furnace replacement 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 Furnace Replacement Cost in Memphis?
Fuel Type
Gas: $3,000-$6,000. Electric: $2,000-$4,500. Oil: $4,000-$7,500
Efficiency
80% AFUE: $2,500-$4,000. 95%+ AFUE: $3,500-$6,500
Size
Undersized or oversized units waste energy. Proper sizing by a pro is essential.
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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Top-Rated Furnace Replacement Pros in Memphis, TN
7 providersElite Property Services
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Tips to Save on Furnace Replacement in Memphis
- 1.Buy during summer when HVAC companies are less busy
- 2.A 95%+ AFUE furnace costs more upfront but saves 20-30% on heating bills
- 3.Get 3+ quotes and ask about rebates
- 4.Check for utility company and federal tax incentives
📈 Furnace Replacement in Memphis Cost Trends (2020–2024)
Prices have increased +17.7% over the last 5 years
| Year | National Avg | YoY Change |
|---|---|---|
| 2020 | $3,135 | — |
| 2021 | $3,267 | +4.2% |
| 2022 | $3,479 | +6.5% |
| 2023 | $3,576 | +2.8% |
| 2024 | $3,690 | +3.2% |
Based on national averages adjusted for annual inflation. Actual costs vary by location and project scope.
💬 What Did You Pay?
Real costs reported by homeowners for Furnace Replacement in Memphis
Recent Reports
Frequently Asked Questions
How long does a furnace last?
Most gas furnaces last 15-20 years. Electric furnaces can last 20-30 years. Oil furnaces typically last 15-25 years.
What size furnace do I need?
A general rule is 30-60 BTUs per square foot, but climate, insulation, and home layout all factor in. A Manual J calculation gives the most accurate sizing.
Why does furnace replacement 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.
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