Cost of Living: Memphis, TN vs Frisco, TX (2026)

Memphis

Tennessee
68
VS

Frisco

Texas
162

Memphis is 58% cheaper than Frisco.

$1,123/mo ↓ 41%
Median Rent
$1,902/mo ↑ 69%
$51,211/yr ↓ 65%
Median Income
$146,158/yr ↑ 185%
$157,100 ↓ 74%
Home Value
$595,400 ↑ 279%
$1,087/mo ↓ 54%
Owner Costs
$2,389/mo ↑ 120%
629,063
Population
210,238

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.64%
Property Tax
1.6%

Affordability

26.3%
rent-to-income
Affordability
15.6%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Frisco, TX, the overall cost of living indices are 68 and 162 respectively (national median = 100). Rent is $779/month cheaper in Memphis, saving renters about $9,348/year.

Median household income is $94,947/year higher in Frisco. Home values also differ significantly — the median in Memphis is $157,100 compared to $595,400 in Frisco.

Frequently Asked Questions

Memphis vs Frisco — common questions

Is Memphis or Frisco cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 162 (US average = 100).
What is the rent difference between Memphis and Frisco?
Median rent in Memphis is $1,123/month and in Frisco it's $1,902/month — a difference of $779/month.
Which city has higher income, Memphis or Frisco?
Median household income is $51,211 in Memphis and $146,158 in Frisco. Median household income is $94,947/year higher in Frisco.
How do taxes compare between Tennessee and Texas?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Memphis or Frisco?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Frisco has a cost index of 162 with rent of $1,902/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Frisco details →

More Comparisons

Other cost of living comparisons for Memphis and Frisco

Memphis vs. Detroit Memphis vs. Louisville Memphis vs. Portland Memphis vs. Baltimore Memphis vs. Las Vegas Memphis vs. Milwaukee Frisco vs. Moreno Valley Frisco vs. Rochester Frisco vs. Fontana Frisco vs. Fayetteville Frisco vs. Des Moines Frisco vs. Yonkers