Cost of Living: Memphis, TN vs Overland Park, KS (2026)

Memphis

Tennessee
68
VS

Overland Park

Kansas
111

Memphis is 39% cheaper than Overland Park.

$1,123/mo ↓ 23%
Median Rent
$1,455/mo ↑ 30%
$51,211/yr ↓ 51%
Median Income
$103,838/yr ↑ 103%
$157,100 ↓ 59%
Home Value
$384,400 ↑ 145%
$1,087/mo ↓ 30%
Owner Costs
$1,557/mo ↑ 43%
629,063
Population
197,199

Tax Comparison

0%
Income Tax
5.7%
7.0%
State Sales Tax
6.5%
0.64%
Property Tax
1.41%

Affordability

26.3%
rent-to-income
Affordability
16.8%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Overland Park, KS, the overall cost of living indices are 68 and 111 respectively (national median = 100). Rent is $332/month cheaper in Memphis, saving renters about $3,984/year.

Median household income is $52,627/year higher in Overland Park. Home values also differ significantly — the median in Memphis is $157,100 compared to $384,400 in Overland Park.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Kansas's 5.7% rate.

Frequently Asked Questions

Memphis vs Overland Park — common questions

Is Memphis or Overland Park cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 111 (US average = 100).
What is the rent difference between Memphis and Overland Park?
Median rent in Memphis is $1,123/month and in Overland Park it's $1,455/month — a difference of $332/month.
Which city has higher income, Memphis or Overland Park?
Median household income is $51,211 in Memphis and $103,838 in Overland Park. Median household income is $52,627/year higher in Overland Park.
How do taxes compare between Tennessee and Kansas?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Kansas has 5.7% income tax, 6.5% sales tax, and 1.41% property tax.
Should I move to Memphis or Overland Park?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Overland Park has a cost index of 111 with rent of $1,455/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Overland Park details →

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