College Costs in Memphis, FL 2026
Compare tuition, housing, and financial aid across 2 colleges in Memphis, Florida. Use our free calculator to estimate your total cost.
Avg Public Tuition
$6,400
per year
Avg Private Tuition
$30,000
per year
Avg Rent Near Campus
$1,050
per month
Colleges & Universities
2
institutions
Memphis Overview
Population
32,464
Student Population
3,258 (10.0%)
Cost of Living Index
102.1 (avg: 100)
Walk Score
34/100
Transit Score
20/100
Unemployment Rate
3.4%
College Cost Calculator for Memphis
Cost Inputs
Total Cost (4 Years, Public In-State)
$84,664
Total After Financial Aid
$84,664
Annual Cost
$21,166
Annual After Aid
$21,166
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $84,664 |
| Monthly Payment | $961 |
| Total Interest | $30,697 |
| Total Loan Cost | $115,361 |
Universities in Memphis
| University | Type | Annual Tuition |
|---|---|---|
| Memphis State University | Public | $6,884 |
| Memphis Community College | Community | $5,455 |
Memphis has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Memphis vs. National Average
| Category | Memphis | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $6,400 | $10,940 | -$4,540 |
| Monthly Rent Near Campus | $1,050 | $1,050 | $0 |
| Cost of Living Index | 102.1 | 100 | +2.0999999999999943 |
Memphis's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.
Student Life in Memphis
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
3,258 students
Memphis has a total population of 32,464, with approximately 3,258 college students (10.0% of the population). Memphis has a significant student presence that contributes to a diverse cultural scene with restaurants, entertainment, and networking opportunities.
Post-Graduation Outlook in Memphis
$40,258
Starting Salary
3.4%
Unemployment Rate
75%
Graduation Rate
~16 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Memphis earn a median starting salary of $40,258, which is $5,258 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $84,664 (including room and board), it would take approximately 16 years of the salary premium to recoup the investment. With average financial aid of $8,269 per student per year, the net cost and payback period can be significantly reduced.
Other Cities in Florida
Jacksonville
35 colleges · Avg tuition $6,394
Miami
12 colleges · Avg tuition $6,556
Tampa
26 colleges · Avg tuition $5,955
Orlando
16 colleges · Avg tuition $6,368
St. Petersburg
22 colleges · Avg tuition $10,405
Hialeah
22 colleges · Avg tuition $10,711
Tallahassee
11 colleges · Avg tuition $6,151
Fort Lauderdale
5 colleges · Avg tuition $10,805
Gainesville
6 colleges · Avg tuition $6,381
West Palm Beach
6 colleges · Avg tuition $7,844
Clearwater
9 colleges · Avg tuition $8,444
Fort Myers
6 colleges · Avg tuition $6,118
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