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

Memphis

Tennessee
68
VS

Gresham

Oregon
119

Memphis is 43% cheaper than Gresham.

$1,123/mo ↓ 26%
Median Rent
$1,508/mo ↑ 34%
$51,211/yr ↓ 30%
Median Income
$73,608/yr ↑ 44%
$157,100 ↓ 64%
Home Value
$440,000 ↑ 180%
$1,087/mo ↓ 32%
Owner Costs
$1,590/mo ↑ 46%
629,063
Population
112,818

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
24.6%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Gresham, OR, the overall cost of living indices are 68 and 119 respectively (national median = 100). Rent is $385/month cheaper in Memphis, saving renters about $4,620/year.

Median household income is $22,397/year higher in Gresham. Home values also differ significantly — the median in Memphis is $157,100 compared to $440,000 in Gresham.

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

Frequently Asked Questions

Memphis vs Gresham — common questions

Is Memphis or Gresham cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 119 (US average = 100).
What is the rent difference between Memphis and Gresham?
Median rent in Memphis is $1,123/month and in Gresham it's $1,508/month — a difference of $385/month.
Which city has higher income, Memphis or Gresham?
Median household income is $51,211 in Memphis and $73,608 in Gresham. Median household income is $22,397/year higher in Gresham.
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 Gresham?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Gresham has a cost index of 119 with rent of $1,508/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Gresham details →

More Comparisons

Other cost of living comparisons for Memphis and Gresham

Memphis vs. Detroit Memphis vs. Louisville Memphis vs. Portland Memphis vs. Baltimore Memphis vs. Las Vegas Memphis vs. Milwaukee Gresham vs. Beaumont Gresham vs. Las Cruces Gresham vs. Springfield Gresham vs. Lansing Gresham vs. Odessa Gresham vs. Pompano Beach