Cost of Living: Jacksonville, FL vs Memphis, TN (2026)

Jacksonville

Florida
92
VS

Memphis

Tennessee
68

Jacksonville is 35% more expensive than Memphis.

$1,375/mo ↑ 22%
Median Rent
$1,123/mo ↓ 18%
$66,981/yr ↑ 31%
Median Income
$51,211/yr ↓ 24%
$266,100 ↑ 69%
Home Value
$157,100 ↓ 41%
$1,324/mo ↑ 22%
Owner Costs
$1,087/mo ↓ 18%
961,739
Population
629,063

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
7.0%
0.86%
Property Tax
0.64%

Affordability

24.6%
rent-to-income
Affordability
26.3%
rent-to-income

Detailed Comparison

When comparing Jacksonville, FL and Memphis, TN, the overall cost of living indices are 92 and 68 respectively (national median = 100). Rent is $252/month cheaper in Memphis, saving renters about $3,024/year.

Median household income is $15,770/year higher in Jacksonville. Home values also differ significantly — the median in Jacksonville is $266,100 compared to $157,100 in Memphis.

Frequently Asked Questions

Jacksonville vs Memphis — common questions

Is Jacksonville or Memphis cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 92 (US average = 100).
What is the rent difference between Jacksonville and Memphis?
Median rent in Jacksonville is $1,375/month and in Memphis it's $1,123/month — a difference of $252/month.
Which city has higher income, Jacksonville or Memphis?
Median household income is $66,981 in Jacksonville and $51,211 in Memphis. Median household income is $15,770/year higher in Jacksonville.
How do taxes compare between Florida and Tennessee?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax.
Should I move to Jacksonville or Memphis?
It depends on your priorities. Jacksonville has a cost index of 92 with median rent of $1,375/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.
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