Memphis, TN vs Hampton, VA: 68 vs 88

$1,123/mo ↓ 17%

Median Rent

$1,346/mo ↑ 20%

$51,211/yr ↓ 24%

Median Income

$67,758/yr ↑ 32%

$157,100 ↓ 33%

Home Value

$234,100 ↑ 49%

$1,087/mo ↓ 19%

Owner Costs

$1,347/mo ↑ 24%

629,063

Population

137,334

Detailed Comparison

When comparing Memphis, TN and Hampton, VA, the overall cost of living indices are 68 and 88 respectively (national median = 100). Rent is $223/month cheaper in Memphis, saving renters about $2,676/year.

Median household income is $16,547/year higher in Hampton. Home values also differ significantly — the median in Memphis is $157,100 compared to $234,100 in Hampton.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Memphis vs Hampton — common questions

Is Memphis or Hampton cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 88 (US average = 100).

What is the rent difference between Memphis and Hampton?

Median rent in Memphis is $1,123/month and in Hampton it's $1,346/month — a difference of $223/month.

Which city has higher income, Memphis or Hampton?

Median household income is $51,211 in Memphis and $67,758 in Hampton. Median household income is $16,547/year higher in Hampton.

How do taxes compare between Tennessee and Virginia?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.

Should I move to Memphis or Hampton?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Hampton has a cost index of 88 with rent of $1,346/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Memphis, TN vs Hampton, VA (2026)

Memphis

Hampton

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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