Cost of Living: Memphis, TN vs Coral Springs, FL (2026)

Memphis

Tennessee
68
VS

Coral Springs

Florida
146

Memphis is 53% cheaper than Coral Springs.

$1,123/mo ↓ 42%
Median Rent
$1,951/mo ↑ 74%
$51,211/yr ↓ 44%
Median Income
$90,643/yr ↑ 77%
$157,100 ↓ 69%
Home Value
$502,700 ↑ 220%
$1,087/mo ↓ 45%
Owner Costs
$1,969/mo ↑ 81%
629,063
Population
133,962

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.0%
0.64%
Property Tax
0.86%

Affordability

26.3%
rent-to-income
Affordability
25.8%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Coral Springs, FL, the overall cost of living indices are 68 and 146 respectively (national median = 100). Rent is $828/month cheaper in Memphis, saving renters about $9,936/year.

Median household income is $39,432/year higher in Coral Springs. Home values also differ significantly — the median in Memphis is $157,100 compared to $502,700 in Coral Springs.

Frequently Asked Questions

Memphis vs Coral Springs — common questions

Is Memphis or Coral Springs cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 146 (US average = 100).
What is the rent difference between Memphis and Coral Springs?
Median rent in Memphis is $1,123/month and in Coral Springs it's $1,951/month — a difference of $828/month.
Which city has higher income, Memphis or Coral Springs?
Median household income is $51,211 in Memphis and $90,643 in Coral Springs. Median household income is $39,432/year higher in Coral Springs.
How do taxes compare between Tennessee and Florida?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Memphis or Coral Springs?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Coral Springs has a cost index of 146 with rent of $1,951/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Coral Springs details →

More Comparisons

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