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

Memphis

Tennessee
68
VS

Mesquite

Texas
89

Memphis is 24% cheaper than Mesquite.

$1,123/mo ↓ 20%
Median Rent
$1,407/mo ↑ 25%
$51,211/yr ↓ 29%
Median Income
$71,843/yr ↑ 40%
$157,100 ↓ 31%
Home Value
$226,500 ↑ 44%
$1,087/mo ↓ 21%
Owner Costs
$1,383/mo ↑ 27%
629,063
Population
148,848

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
23.5%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Mesquite, TX, the overall cost of living indices are 68 and 89 respectively (national median = 100). Rent is $284/month cheaper in Memphis, saving renters about $3,408/year.

Median household income is $20,632/year higher in Mesquite. Home values also differ significantly — the median in Memphis is $157,100 compared to $226,500 in Mesquite.

Frequently Asked Questions

Memphis vs Mesquite — common questions

Is Memphis or Mesquite cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 89 (US average = 100).
What is the rent difference between Memphis and Mesquite?
Median rent in Memphis is $1,123/month and in Mesquite it's $1,407/month — a difference of $284/month.
Which city has higher income, Memphis or Mesquite?
Median household income is $51,211 in Memphis and $71,843 in Mesquite. Median household income is $20,632/year higher in Mesquite.
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 Mesquite?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Mesquite has a cost index of 89 with rent of $1,407/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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