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Compare Water Heaters costs in Memphis, TN (2026)
Not sure which option fits? Here's how every Water Heaters project compares in Memphis — local 2026 estimates plus what each choice is best for. The most budget-friendly option here is Tank Water Heater Replacement (from $1,200).
Tank Water Heater ReplacementBest value$1,200 – $3,100
Best for: Lowest upfront cost; simplest swapTypically $2,150
Heat Pump Water Heater Installation$2,350 – $4,350
Best for: Lowest operating cost; best long-termTypically $3,350
Tankless Water Heater Installation$2,550 – $5,500
Best for: Endless hot water; ~20-year lifeTypically $4,050
Often paired with Water Heaters in Memphis
Homeowners tackling Water Heaters frequently budget for these too.
Estimates are localized to Memphis (mixed climate) using local labor price levels, climate factors and permit fees. Always confirm with local contractors.