Memphis, TN vs Grand Prairie, TX: 68 vs 98

$1,123/mo ↓ 24%

Median Rent

$1,470/mo ↑ 31%

$51,211/yr ↓ 35%

Median Income

$78,889/yr ↑ 54%

$157,100 ↓ 42%

Home Value

$272,200 ↑ 73%

$1,087/mo ↓ 27%

Owner Costs

$1,480/mo ↑ 36%

629,063

Population

198,564

Detailed Comparison

When comparing Memphis, TN and Grand Prairie, TX, the overall cost of living indices are 68 and 98 respectively (national median = 100). Rent is $347/month cheaper in Memphis, saving renters about $4,164/year.

Median household income is $27,678/year higher in Grand Prairie. Home values also differ significantly — the median in Memphis is $157,100 compared to $272,200 in Grand Prairie.

Frequently Asked Questions

Memphis vs Grand Prairie — common questions

Is Memphis or Grand Prairie cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 98 (US average = 100).

What is the rent difference between Memphis and Grand Prairie?

Median rent in Memphis is $1,123/month and in Grand Prairie it's $1,470/month — a difference of $347/month.

Which city has higher income, Memphis or Grand Prairie?

Median household income is $51,211 in Memphis and $78,889 in Grand Prairie. Median household income is $27,678/year higher in Grand Prairie.

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 Grand Prairie?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Grand Prairie has a cost index of 98 with rent of $1,470/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

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

Memphis

Grand Prairie

Tax Comparison

Affordability

Detailed Comparison

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