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

Memphis

Tennessee
68
VS

Corona

California
173

Memphis is 61% cheaper than Corona.

$1,123/mo ↓ 47%
Median Rent
$2,136/mo ↑ 90%
$51,211/yr ↓ 52%
Median Income
$106,438/yr ↑ 108%
$157,100 ↓ 76%
Home Value
$656,500 ↑ 318%
$1,087/mo ↓ 52%
Owner Costs
$2,280/mo ↑ 110%
629,063
Population
158,839

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
24.1%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Corona, CA, the overall cost of living indices are 68 and 173 respectively (national median = 100). Rent is $1,013/month cheaper in Memphis, saving renters about $12,156/year.

Median household income is $55,227/year higher in Corona. Home values also differ significantly — the median in Memphis is $157,100 compared to $656,500 in Corona.

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

Frequently Asked Questions

Memphis vs Corona — common questions

Is Memphis or Corona cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 173 (US average = 100).
What is the rent difference between Memphis and Corona?
Median rent in Memphis is $1,123/month and in Corona it's $2,136/month — a difference of $1,013/month.
Which city has higher income, Memphis or Corona?
Median household income is $51,211 in Memphis and $106,438 in Corona. Median household income is $55,227/year higher in Corona.
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 Corona?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Corona has a cost index of 173 with rent of $2,136/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Corona details →

More Comparisons

Other cost of living comparisons for Memphis and Corona

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