Cost of Living: Memphis, TN vs Concord, CA (2026)

Memphis

Tennessee
68
VS

Concord

California
187

Memphis is 64% cheaper than Concord.

$1,123/mo ↓ 50%
Median Rent
$2,226/mo ↑ 98%
$51,211/yr ↓ 53%
Median Income
$109,195/yr ↑ 113%
$157,100 ↓ 79%
Home Value
$755,900 ↑ 381%
$1,087/mo ↓ 52%
Owner Costs
$2,284/mo ↑ 110%
629,063
Population
124,260

Tax Comparison

0%
Income Tax
13.3%
7.0%
State Sales Tax
7.25%
0.64%
Property Tax
0.71%

Affordability

26.3%
rent-to-income
Affordability
24.5%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Concord, CA, the overall cost of living indices are 68 and 187 respectively (national median = 100). Rent is $1,103/month cheaper in Memphis, saving renters about $13,236/year.

Median household income is $57,984/year higher in Concord. Home values also differ significantly — the median in Memphis is $157,100 compared to $755,900 in Concord.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over California's 13.3% rate.

Frequently Asked Questions

Memphis vs Concord — common questions

Is Memphis or Concord cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 187 (US average = 100).
What is the rent difference between Memphis and Concord?
Median rent in Memphis is $1,123/month and in Concord it's $2,226/month — a difference of $1,103/month.
Which city has higher income, Memphis or Concord?
Median household income is $51,211 in Memphis and $109,195 in Concord. Median household income is $57,984/year higher in Concord.
How do taxes compare between Tennessee and California?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to Memphis or Concord?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Concord has a cost index of 187 with rent of $2,226/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Concord details →

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