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

Memphis

Tennessee
68
VS

Lewisville

Texas
112

Memphis is 39% cheaper than Lewisville.

$1,123/mo ↓ 29%
Median Rent
$1,572/mo ↑ 40%
$51,211/yr ↓ 40%
Median Income
$85,002/yr ↑ 66%
$157,100 ↓ 55%
Home Value
$350,200 ↑ 123%
$1,087/mo ↓ 33%
Owner Costs
$1,631/mo ↑ 50%
629,063
Population
128,313

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
22.2%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Lewisville, TX, the overall cost of living indices are 68 and 112 respectively (national median = 100). Rent is $449/month cheaper in Memphis, saving renters about $5,388/year.

Median household income is $33,791/year higher in Lewisville. Home values also differ significantly — the median in Memphis is $157,100 compared to $350,200 in Lewisville.

Frequently Asked Questions

Memphis vs Lewisville — common questions

Is Memphis or Lewisville cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 112 (US average = 100).
What is the rent difference between Memphis and Lewisville?
Median rent in Memphis is $1,123/month and in Lewisville it's $1,572/month — a difference of $449/month.
Which city has higher income, Memphis or Lewisville?
Median household income is $51,211 in Memphis and $85,002 in Lewisville. Median household income is $33,791/year higher in Lewisville.
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 Lewisville?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Lewisville has a cost index of 112 with rent of $1,572/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Lewisville details →

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