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

Memphis

Tennessee
68
VS

Miramar

Florida
135

Memphis is 50% cheaper than Miramar.

$1,123/mo ↓ 43%
Median Rent
$1,954/mo ↑ 74%
$51,211/yr ↓ 41%
Median Income
$86,109/yr ↑ 68%
$157,100 ↓ 63%
Home Value
$420,300 ↑ 168%
$1,087/mo ↓ 42%
Owner Costs
$1,863/mo ↑ 71%
629,063
Population
135,986

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
27.2%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Miramar, FL, the overall cost of living indices are 68 and 135 respectively (national median = 100). Rent is $831/month cheaper in Memphis, saving renters about $9,972/year.

Median household income is $34,898/year higher in Miramar. Home values also differ significantly — the median in Memphis is $157,100 compared to $420,300 in Miramar.

Frequently Asked Questions

Memphis vs Miramar — common questions

Is Memphis or Miramar cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 135 (US average = 100).
What is the rent difference between Memphis and Miramar?
Median rent in Memphis is $1,123/month and in Miramar it's $1,954/month — a difference of $831/month.
Which city has higher income, Memphis or Miramar?
Median household income is $51,211 in Memphis and $86,109 in Miramar. Median household income is $34,898/year higher in Miramar.
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 Miramar?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Miramar has a cost index of 135 with rent of $1,954/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Miramar details →

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