diff --git a/docs/source/settings/general.md b/docs/source/settings/general.md
index d0814cce6..2640f5f2b 100644
--- a/docs/source/settings/general.md
+++ b/docs/source/settings/general.md
@@ -39,6 +39,7 @@
         - random_state
         - shortest_event
         - memory_location
+        - memory_subdir
         - memory_file_method
         - memory_verbose
         - config_validation
diff --git a/docs/source/v1.5.md.inc b/docs/source/v1.5.md.inc
index 14da9b83a..7434586ad 100644
--- a/docs/source/v1.5.md.inc
+++ b/docs/source/v1.5.md.inc
@@ -12,6 +12,8 @@
 
 [//]: # (### :warning: Behavior changes)
 
+- The default cache directory is now `_cache` within the derivatives folder when using `memory_location=True`, set [`memory_subdir="joblib"`][mne_bids_pipeline._config.memory_subdir] to get the behavior from v1.4 (#778 by @larsoner)
+
 [//]: # (- Whatever (#000 by @whoever))
 
 ### :medical_symbol: Code health
diff --git a/mne_bids_pipeline/_config.py b/mne_bids_pipeline/_config.py
index 85b0335e1..0ca130754 100644
--- a/mne_bids_pipeline/_config.py
+++ b/mne_bids_pipeline/_config.py
@@ -2107,7 +2107,14 @@ def noise_cov(bids_path):
 """
 If not None (or False), caching will be enabled and the cache files will be
 stored in the given directory. The default (True) will use a
-`'joblib'` subdirectory in the BIDS derivative root of the dataset.
+`"_cache"` subdirectory (name configurable via the
+[`memory_subdir`][mne_bids_pipeline._config.memory_subdir]
+variable) in the BIDS derivative root of the dataset.
+"""
+
+memory_subdir: str = "_cache"
+"""
+The caching directory name to use if `memory_location` is `True`.
 """
 
 memory_file_method: Literal["mtime", "hash"] = "mtime"
diff --git a/mne_bids_pipeline/_config_import.py b/mne_bids_pipeline/_config_import.py
index 36568b1f2..43f0c3725 100644
--- a/mne_bids_pipeline/_config_import.py
+++ b/mne_bids_pipeline/_config_import.py
@@ -75,6 +75,7 @@ def _import_config(
         "interactive",
         # Caching
         "memory_location",
+        "memory_subdir",
         "memory_verbose",
         "memory_file_method",
         # Misc
diff --git a/mne_bids_pipeline/_run.py b/mne_bids_pipeline/_run.py
index 5908e4b0c..c76126ea2 100644
--- a/mne_bids_pipeline/_run.py
+++ b/mne_bids_pipeline/_run.py
@@ -123,7 +123,7 @@ class ConditionalStepMemory:
     def __init__(self, *, exec_params, get_input_fnames, get_output_fnames):
         memory_location = exec_params.memory_location
         if memory_location is True:
-            use_location = exec_params.deriv_root / "joblib"
+            use_location = exec_params.deriv_root / exec_params.memory_subdir
         elif not memory_location:
             use_location = None
         else: