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

Memphis

Tennessee
68
VS

Lehigh Acres

Florida
95

Memphis is 28% cheaper than Lehigh Acres.

$1,123/mo ↓ 25%
Median Rent
$1,496/mo ↑ 33%
$51,211/yr ↓ 18%
Median Income
$62,330/yr ↑ 22%
$157,100 ↓ 40%
Home Value
$263,200 ↑ 68%
$1,087/mo ↓ 18%
Owner Costs
$1,330/mo ↑ 22%
629,063
Population
127,391

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
28.8%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Lehigh Acres, FL, the overall cost of living indices are 68 and 95 respectively (national median = 100). Rent is $373/month cheaper in Memphis, saving renters about $4,476/year.

Median household income is $11,119/year higher in Lehigh Acres. Home values also differ significantly — the median in Memphis is $157,100 compared to $263,200 in Lehigh Acres.

Frequently Asked Questions

Memphis vs Lehigh Acres — common questions

Is Memphis or Lehigh Acres cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 95 (US average = 100).
What is the rent difference between Memphis and Lehigh Acres?
Median rent in Memphis is $1,123/month and in Lehigh Acres it's $1,496/month — a difference of $373/month.
Which city has higher income, Memphis or Lehigh Acres?
Median household income is $51,211 in Memphis and $62,330 in Lehigh Acres. Median household income is $11,119/year higher in Lehigh Acres.
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 Lehigh Acres?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Lehigh Acres has a cost index of 95 with rent of $1,496/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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