Manufacturing costs in Memphis, TN-MS-AR
Memphis, TN-MS-AR ranks 39 of 100 U.S. metros by estimated manufacturing energy use. Industrial power in Tennessee costs 6.92 ¢/kWh, +1.0% from a year earlier, and consumer prices in the South, size B/C index are +3.7% from a year earlier.
- Rank by manufacturing energy use
- 39 of 100
- Estimated manufacturing energy use
- 44.3 trillion Btu a year
- Electricity
- 2,900 GWh a year (estimate)
- Natural gas
- 34.4 million Dth a year (estimate)
- Manufacturing jobs, 2024
- 40,366
- Estimate confidence
- High
- Tennessee industrial power, Aug 2026
- 6.92 ¢/kWh (+1.0% from a year earlier)
- Tennessee citygate gas, Mar to Aug 2026
- $3.78 per Mcf (6 months reported)
- Inflation, South, size B/C, Sep 2026
- +3.7% from a year earlier; +9.0% over three years
Inflation in South, size B/C
- South, size B/C
- U.S. city average
Industrial electricity in Tennessee
- Tennessee industrial
Other Tennessee metros in the index
- Nashville–Murfreesboro–Franklin, TN, rank 28
- Knoxville, TN, rank 48
- Chattanooga, TN-GA, rank 66
- Kingsport–Bristol, TN-VA, rank 86
National cost drivers
WTI crude +67.6%, Henry Hub gas −6.3%, chemical producer prices +6.6% and industrial electricity producer prices +4.1% from a year earlier. See the full index.
Questions
Questions about Memphis.
What the index measures, where the numbers come from, and how Discovery Energy checks energy bills against them.
How much energy do manufacturers use in Memphis?
Discovery Energy estimates that manufacturers in the Memphis, TN-MS-AR metro use about 44.3 trillion Btu of electricity and natural gas a year, rank 39 of the 100 largest U.S. manufacturing energy metros.
What do manufacturers pay for electricity in Memphis?
The average industrial electricity price in Tennessee was 6.92 cents per kWh in Aug 2026, +1.0% from a year earlier, according to EIA. Actual rates depend on the utility, tariff and load profile.
How fast are prices rising in Memphis?
Consumer prices in the South, size B/C index rose +3.7% over the latest twelve months reported by BLS. Nationally, crude oil is +68% and chemical producer prices +6.6% from a year earlier.
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