Cost of Living: Memphis, TN vs Henderson, NV (2026)

Memphis

Tennessee
68
VS

Henderson

Nevada
131

Memphis is 48% cheaper than Henderson.

$1,123/mo ↓ 36%
Median Rent
$1,750/mo ↑ 56%
$51,211/yr ↓ 42%
Median Income
$88,654/yr ↑ 73%
$157,100 ↓ 66%
Home Value
$465,000 ↑ 196%
$1,087/mo ↓ 36%
Owner Costs
$1,686/mo ↑ 55%
629,063
Population
324,523

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.85%
0.64%
Property Tax
0.53%

Affordability

26.3%
rent-to-income
Affordability
23.7%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Henderson, NV, the overall cost of living indices are 68 and 131 respectively (national median = 100). Rent is $627/month cheaper in Memphis, saving renters about $7,524/year.

Median household income is $37,443/year higher in Henderson. Home values also differ significantly — the median in Memphis is $157,100 compared to $465,000 in Henderson.

Frequently Asked Questions

Memphis vs Henderson — common questions

Is Memphis or Henderson cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 131 (US average = 100).
What is the rent difference between Memphis and Henderson?
Median rent in Memphis is $1,123/month and in Henderson it's $1,750/month — a difference of $627/month.
Which city has higher income, Memphis or Henderson?
Median household income is $51,211 in Memphis and $88,654 in Henderson. Median household income is $37,443/year higher in Henderson.
How do taxes compare between Tennessee and Nevada?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax.
Should I move to Memphis or Henderson?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Henderson has a cost index of 131 with rent of $1,750/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Henderson details →

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