Memphis, TN vs Paradise, NV: 68 vs 99

$1,123/mo ↓ 13%

Median Rent

$1,287/mo ↑ 15%

$51,211/yr ↓ 13%

Median Income

$58,874/yr ↑ 15%

$157,100 ↓ 56%

Home Value

$358,400 ↑ 128%

$1,087/mo ↓ 16%

Owner Costs

$1,290/mo ↑ 19%

629,063

Population

186,178

Detailed Comparison

When comparing Memphis, TN and Paradise, NV, the overall cost of living indices are 68 and 99 respectively (national median = 100). Rent is $164/month cheaper in Memphis, saving renters about $1,968/year.

Median household income is $7,663/year higher in Paradise. Home values also differ significantly — the median in Memphis is $157,100 compared to $358,400 in Paradise.

Frequently Asked Questions

Memphis vs Paradise — common questions

Is Memphis or Paradise cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 99 (US average = 100).

What is the rent difference between Memphis and Paradise?

Median rent in Memphis is $1,123/month and in Paradise it's $1,287/month — a difference of $164/month.

Which city has higher income, Memphis or Paradise?

Median household income is $51,211 in Memphis and $58,874 in Paradise. Median household income is $7,663/year higher in Paradise.

How do taxes compare between Tennessee and Nevada?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax.

Should I move to Memphis or Paradise?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Paradise has a cost index of 99 with rent of $1,287/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Memphis, TN vs Paradise, NV (2026)

Memphis

Paradise

Tax Comparison

Affordability

Detailed Comparison

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