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

Memphis

Tennessee
68
VS

Carrollton

Texas
116

Memphis is 41% cheaper than Carrollton.

$1,123/mo ↓ 33%
Median Rent
$1,674/mo ↑ 49%
$51,211/yr ↓ 48%
Median Income
$99,115/yr ↑ 94%
$157,100 ↓ 56%
Home Value
$353,600 ↑ 125%
$1,087/mo ↓ 36%
Owner Costs
$1,689/mo ↑ 55%
629,063
Population
132,741

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.64%
Property Tax
1.6%

Affordability

26.3%
rent-to-income
Affordability
20.3%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Carrollton, TX, the overall cost of living indices are 68 and 116 respectively (national median = 100). Rent is $551/month cheaper in Memphis, saving renters about $6,612/year.

Median household income is $47,904/year higher in Carrollton. Home values also differ significantly — the median in Memphis is $157,100 compared to $353,600 in Carrollton.

Frequently Asked Questions

Memphis vs Carrollton — common questions

Is Memphis or Carrollton cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 116 (US average = 100).
What is the rent difference between Memphis and Carrollton?
Median rent in Memphis is $1,123/month and in Carrollton it's $1,674/month — a difference of $551/month.
Which city has higher income, Memphis or Carrollton?
Median household income is $51,211 in Memphis and $99,115 in Carrollton. Median household income is $47,904/year higher in Carrollton.
How do taxes compare between Tennessee and Texas?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Memphis or Carrollton?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Carrollton has a cost index of 116 with rent of $1,674/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Carrollton details →

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