Cost of Living: Las Vegas, NV vs Memphis, TN (2026)
Las Vegas
Nevada
111
VS
Memphis
Tennessee
68
Las Vegas is 43% more expensive than Memphis.
$1,456/mo
↑ 30%
Median Rent
$1,123/mo
↓ 23%
$70,723/yr
↑ 38%
Median Income
$51,211/yr
↓ 28%
$395,300
↑ 152%
Home Value
$157,100
↓ 60%
$1,452/mo
↑ 34%
Owner Costs
$1,087/mo
↓ 25%
650,873
Population
629,063
Tax Comparison
0%
Income Tax
0%
6.85%
Sales Tax
7.0%
0.53%
Property Tax
0.64%
Affordability
24.7%
rent-to-income
Affordability
26.3%
rent-to-income
Detailed Comparison
When comparing Las Vegas, NV and Memphis, TN, the overall cost of living indices are
111 and 68 respectively
(national median = 100). Rent is $333/month cheaper in Memphis, saving renters about $3,996/year.
Median household income is $19,512/year higher in Las Vegas. Home values also differ significantly — the median in Las Vegas is $395,300
compared to $157,100 in Memphis.
Frequently Asked Questions
Las Vegas vs Memphis — common questions
Is Las Vegas or Memphis cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 111 (US average = 100).
What is the rent difference between Las Vegas and Memphis?
Median rent in Las Vegas is $1,456/month and in Memphis it's $1,123/month — a difference of $333/month.
Which city has higher income, Las Vegas or Memphis?
Median household income is $70,723 in Las Vegas and $51,211 in Memphis. Median household income is $19,512/year higher in Las Vegas.
How do taxes compare between Nevada and Tennessee?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax.
Should I move to Las Vegas or Memphis?
It depends on your priorities. Las Vegas has a cost index of 111 with median rent of $1,456/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.