Furnace Replacement Cost in Memphis (2026): Average Price & Estimate

Furnace Replacement Cost in Memphis

Estimated furnace replacement cost in Memphis

$2,650–$7,050

Roughly about 12% below the national average.

Low labor costs make it one of the cheapest major metros.

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Based on Memphis, TN pricing.

Estimated cost range

$2,650–$7,050

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An estimate for planning, not a quote. Get written quotes from local pros below.

Estimate, not a quote. Local prices vary by contractor and project. These are 2026 estimates for Memphis, TN. Get written quotes from licensed Memphis contractors before you budget.

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What to know about furnace replacement in Memphis

Heat plus humidity in Memphis makes both cooling capacity and good dehumidification important when picking a system.

What affects furnace replacement cost in Memphis

Beyond the local market, the same factors that drive furnace replacement cost everywhere apply in Memphis:

Furnace type: electric, gas, or oil.
Efficiency rating (AFUE).
Furnace size for the home.
Like-for-like versus new ducts or fuel conversion.

Furnace Replacement cost by furnace type in Memphis

These figures are adjusted for Memphis pricing (about 0.88x the national average), so they reflect what local homeowners actually pay.

Estimated furnace replacement cost by furnace type in Memphis (2026)

Furnace type	Typical cost in Memphis	Notes
Electric	$1,850 to $4,950	installed
Gas (mid-efficiency)	$2,650 to $7,050	The baseline.
Gas (high-efficiency)	$3,450 to $9,150	installed
Oil	$3,150 to $8,450	installed

Frequently asked questions

How much does furnace replacement cost in Memphis?

In Memphis, TN, furnace replacement typically costs $2,650 to $7,050 in 2026 for a standard project, about 12% below the national average. Your exact price depends on size, materials, and scope.

Why does furnace replacement cost more or less in Memphis?

Low labor costs make it one of the cheapest major metros. Labor rates, permit costs, and local demand are the main reasons Memphis prices differ from the national average.

Do I need a permit for furnace replacement in Memphis?

Most furnace replacement projects require a permit. Requirements vary by city and Tennessee jurisdiction, so confirm with your local building department. A licensed contractor usually pulls the permit for you.

When is the best time of year for furnace replacement in Memphis?

In Memphis, aim for spring or fall. Summer heat, humidity, and afternoon storms can cause delays on exterior projects, and late summer is peak storm season.

Is furnace replacement cheaper outside Memphis?

Sometimes. Memphis runs about 12% below the national average. Nearby smaller towns with lower labor costs can come in cheaper, while denser urban areas often cost more. Always compare quotes from contractors who serve your specific area.