El Paso, TX vs Memphis, TN: 67 vs 68

$1,041/mo ↓ 7%

Median Rent

$1,123/mo ↑ 8%

$58,734/yr ↑ 15%

Median Income

$51,211/yr ↓ 13%

$171,700 ↑ 9%

Home Value

$157,100 ↓ 9%

$1,044/mo ↓ 4%

Owner Costs

$1,087/mo ↑ 4%

678,147

Population

629,063

Detailed Comparison

When comparing El Paso, TX and Memphis, TN, the overall cost of living indices are 67 and 68 respectively (national median = 100). Rent is $82/month cheaper in El Paso, saving renters about $984/year.

Median household income is $7,523/year higher in El Paso. Home values also differ significantly — the median in El Paso is $171,700 compared to $157,100 in Memphis.

Frequently Asked Questions

El Paso vs Memphis — common questions

Is El Paso or Memphis cheaper to live in?

Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 68 (US average = 100).

What is the rent difference between El Paso and Memphis?

Median rent in El Paso is $1,041/month and in Memphis it's $1,123/month — a difference of $82/month.

Which city has higher income, El Paso or Memphis?

Median household income is $58,734 in El Paso and $51,211 in Memphis. Median household income is $7,523/year higher in El Paso.

How do taxes compare between Texas and Tennessee?

Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax.

Should I move to El Paso or Memphis?

It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/mo, while Memphis has a cost index of 68 with rent of $1,123/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: El Paso, TX vs Memphis, TN (2026)

El Paso

Memphis

Tax Comparison

Affordability

Detailed Comparison

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