Cost of Living: Memphis, TN vs Hialeah, FL (2026)

Memphis

Tennessee
68
VS

Hialeah

Florida
109

Memphis is 38% cheaper than Hialeah.

$1,123/mo ↓ 28%
Median Rent
$1,558/mo ↑ 39%
$51,211/yr ↓ 4%
Median Income
$53,079/yr ↑ 4%
$157,100 ↓ 56%
Home Value
$359,200 ↑ 129%
$1,087/mo ↓ 25%
Owner Costs
$1,448/mo ↑ 33%
629,063
Population
221,901

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.0%
0.64%
Property Tax
0.86%

Affordability

26.3%
rent-to-income
Affordability
35.2%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Hialeah, FL, the overall cost of living indices are 68 and 109 respectively (national median = 100). Rent is $435/month cheaper in Memphis, saving renters about $5,220/year.

Median household income is $1,868/year higher in Hialeah. Home values also differ significantly — the median in Memphis is $157,100 compared to $359,200 in Hialeah.

Frequently Asked Questions

Memphis vs Hialeah — common questions

Is Memphis or Hialeah cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 109 (US average = 100).
What is the rent difference between Memphis and Hialeah?
Median rent in Memphis is $1,123/month and in Hialeah it's $1,558/month — a difference of $435/month.
Which city has higher income, Memphis or Hialeah?
Median household income is $51,211 in Memphis and $53,079 in Hialeah. Median household income is $1,868/year higher in Hialeah.
How do taxes compare between Tennessee and Florida?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Memphis or Hialeah?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Hialeah has a cost index of 109 with rent of $1,558/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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