Memphis, TN vs Columbia, SC: 68 vs 80

$1,123/mo ↓ 3%

Median Rent

$1,158/mo ↑ 3%

$51,211/yr ↓ 8%

Median Income

$55,653/yr ↑ 9%

$157,100 ↓ 35%

Home Value

$243,500 ↑ 55%

$1,087/mo ↓ 7%

Owner Costs

$1,169/mo ↑ 8%

629,063

Population

138,019

Detailed Comparison

When comparing Memphis, TN and Columbia, SC, the overall cost of living indices are 68 and 80 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $4,442/year higher in Columbia. Home values also differ significantly — the median in Memphis is $157,100 compared to $243,500 in Columbia.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over South Carolina's 6.4% rate.

Frequently Asked Questions

Memphis vs Columbia — common questions

Is Memphis or Columbia cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 80 (US average = 100).

What is the rent difference between Memphis and Columbia?

Median rent in Memphis is $1,123/month and in Columbia it's $1,158/month — a difference of $35/month.

Which city has higher income, Memphis or Columbia?

Median household income is $51,211 in Memphis and $55,653 in Columbia. Median household income is $4,442/year higher in Columbia.

How do taxes compare between Tennessee and South Carolina?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. South Carolina has 6.4% income tax, 6.0% sales tax, and 0.57% property tax.

Should I move to Memphis or Columbia?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Columbia has a cost index of 80 with rent of $1,158/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Memphis, TN vs Columbia, SC (2026)

Memphis

Columbia

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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