Elder Care Cost: Memphis, TN vs New York City, NY (2026)
Memphis, TN assisted living runs $3,900/month — $2,900/month less than New York City, NY's $6,800/month. That's $34,800/year.
Memphis, TN, TN
$3,900
assisted living/month
-$600 vs national avg
New York City, NY, NY
$6,800
assisted living/month
+$2,300 vs national avg
Memphis, TN vs New York City, NY — All Care Types
Monthly costs. Green = lower cost. National average shown for context.
| Care Type | Memphis, TN | New York City, NY |
|---|---|---|
| Assisted Living | $3,900/mo ✓ | $6,800/mo |
| Nursing Home (Private) | $7,900/mo ✓ | $15,400/mo |
| In-Home Aide | $4,200/mo ✓ | $7,700/mo |
| Memory Care | $5,500/mo ✓ | $9,200/mo |
| Adult Day Care | $1,250/mo ✓ | $2,400/mo |
Source: Genworth/CareScout Cost of Care Survey. 2026 estimates.
Annual Cost Impact
For assisted living, Memphis, TN costs $46,800/year vs New York City, NY's $81,600/year.
Monthly savings
$2,900
Annual savings
$34,800
2-year total savings
$69,600
% difference
74%
Savings = New York City, NY cost minus Memphis, TN cost. Assisted living only.
Overall, Memphis, TN is more affordable — lower cost on 5 of 5 care types.
Frequently Asked Questions
Is elder care cheaper in Memphis, TN or New York City, NY?
Memphis, TN has lower assisted living costs at $3,900/month vs. $6,800/month in New York City, NY — a difference of $2,900/month ($34,800/year).
What types of elder care are compared here?
This page compares five common senior care types: assisted living, nursing home (private room), in-home aide (44 hrs/week), memory care, and adult day care. These cover the full range from part-time supervision to full residential skilled nursing care.
How do these cities compare to the national average?
The national average for assisted living is $4,500/month. Memphis, TN is $600 below the national average. New York City, NY is $2,300 above the national average.