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

Memphis

Tennessee
68
VS

Irving

Texas
102

Memphis is 33% cheaper than Irving.

$1,123/mo ↓ 26%
Median Rent
$1,517/mo ↑ 35%
$51,211/yr ↓ 36%
Median Income
$79,641/yr ↑ 56%
$157,100 ↓ 45%
Home Value
$287,300 ↑ 83%
$1,087/mo ↓ 29%
Owner Costs
$1,521/mo ↑ 40%
629,063
Population
255,036

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.64%
Property Tax
1.6%

Affordability

26.3%
rent-to-income
Affordability
22.9%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Irving, TX, the overall cost of living indices are 68 and 102 respectively (national median = 100). Rent is $394/month cheaper in Memphis, saving renters about $4,728/year.

Median household income is $28,430/year higher in Irving. Home values also differ significantly — the median in Memphis is $157,100 compared to $287,300 in Irving.

Frequently Asked Questions

Memphis vs Irving — common questions

Is Memphis or Irving cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 102 (US average = 100).
What is the rent difference between Memphis and Irving?
Median rent in Memphis is $1,123/month and in Irving it's $1,517/month — a difference of $394/month.
Which city has higher income, Memphis or Irving?
Median household income is $51,211 in Memphis and $79,641 in Irving. Median household income is $28,430/year higher in Irving.
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 Irving?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Irving has a cost index of 102 with rent of $1,517/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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