Cost of Living: Memphis, TN vs Broken Arrow, OK (2026)

Memphis

Tennessee
68
VS

Broken Arrow

Oklahoma
83

Memphis is 18% cheaper than Broken Arrow.

$1,123/mo ↓ 9%
Median Rent
$1,240/mo ↑ 10%
$51,211/yr ↓ 40%
Median Income
$85,220/yr ↑ 66%
$157,100 ↓ 31%
Home Value
$229,300 ↑ 46%
$1,087/mo ↓ 15%
Owner Costs
$1,283/mo ↑ 18%
629,063
Population
115,919

Tax Comparison

0%
Income Tax
4.75%
7.0%
State Sales Tax
4.5%
0.64%
Property Tax
0.9%

Affordability

26.3%
rent-to-income
Affordability
17.5%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Broken Arrow, OK, the overall cost of living indices are 68 and 83 respectively (national median = 100). Rent is $117/month cheaper in Memphis, saving renters about $1,404/year.

Median household income is $34,009/year higher in Broken Arrow. Home values also differ significantly — the median in Memphis is $157,100 compared to $229,300 in Broken Arrow.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Oklahoma's 4.75% rate.

Frequently Asked Questions

Memphis vs Broken Arrow — common questions

Is Memphis or Broken Arrow cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 83 (US average = 100).
What is the rent difference between Memphis and Broken Arrow?
Median rent in Memphis is $1,123/month and in Broken Arrow it's $1,240/month — a difference of $117/month.
Which city has higher income, Memphis or Broken Arrow?
Median household income is $51,211 in Memphis and $85,220 in Broken Arrow. Median household income is $34,009/year higher in Broken Arrow.
How do taxes compare between Tennessee and Oklahoma?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Oklahoma has 4.75% income tax, 4.5% sales tax, and 0.9% property tax.
Should I move to Memphis or Broken Arrow?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Broken Arrow has a cost index of 83 with rent of $1,240/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Broken Arrow details →

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