Cost of Living: Memphis, TN vs Eugene, OR (2026)

Memphis

Tennessee
68
VS

Eugene

Oregon
111

Memphis is 39% cheaper than Eugene.

$1,123/mo ↓ 17%
Median Rent
$1,347/mo ↑ 20%
$51,211/yr ↓ 20%
Median Income
$63,836/yr ↑ 25%
$157,100 ↓ 64%
Home Value
$435,400 ↑ 177%
$1,087/mo ↓ 24%
Owner Costs
$1,421/mo ↑ 31%
629,063
Population
177,520

Tax Comparison

0%
Income Tax
9.9%
7.0%
State Sales Tax
0%
0.64%
Property Tax
0.93%

Affordability

26.3%
rent-to-income
Affordability
25.3%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Eugene, OR, the overall cost of living indices are 68 and 111 respectively (national median = 100). Rent is $224/month cheaper in Memphis, saving renters about $2,688/year.

Median household income is $12,625/year higher in Eugene. Home values also differ significantly — the median in Memphis is $157,100 compared to $435,400 in Eugene.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Oregon's 9.9% rate.

Frequently Asked Questions

Memphis vs Eugene — common questions

Is Memphis or Eugene cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 111 (US average = 100).
What is the rent difference between Memphis and Eugene?
Median rent in Memphis is $1,123/month and in Eugene it's $1,347/month — a difference of $224/month.
Which city has higher income, Memphis or Eugene?
Median household income is $51,211 in Memphis and $63,836 in Eugene. Median household income is $12,625/year higher in Eugene.
How do taxes compare between Tennessee and Oregon?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Oregon has 9.9% income tax, 0% sales tax, and 0.93% property tax.
Should I move to Memphis or Eugene?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Eugene has a cost index of 111 with rent of $1,347/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Eugene details →

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