Cost of Living: Memphis, TN vs Port St. Lucie, FL (2026)

Memphis

Tennessee
68
VS

Port St. Lucie

Florida
113

Memphis is 40% cheaper than Port St. Lucie.

$1,123/mo ↓ 37%
Median Rent
$1,781/mo ↑ 59%
$51,211/yr ↓ 34%
Median Income
$78,137/yr ↑ 53%
$157,100 ↓ 52%
Home Value
$327,700 ↑ 109%
$1,087/mo ↓ 28%
Owner Costs
$1,507/mo ↑ 39%
629,063
Population
220,453

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
27.4%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Port St. Lucie, FL, the overall cost of living indices are 68 and 113 respectively (national median = 100). Rent is $658/month cheaper in Memphis, saving renters about $7,896/year.

Median household income is $26,926/year higher in Port St. Lucie. Home values also differ significantly — the median in Memphis is $157,100 compared to $327,700 in Port St. Lucie.

Frequently Asked Questions

Memphis vs Port St. Lucie — common questions

Is Memphis or Port St. Lucie cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 113 (US average = 100).
What is the rent difference between Memphis and Port St. Lucie?
Median rent in Memphis is $1,123/month and in Port St. Lucie it's $1,781/month — a difference of $658/month.
Which city has higher income, Memphis or Port St. Lucie?
Median household income is $51,211 in Memphis and $78,137 in Port St. Lucie. Median household income is $26,926/year higher in Port St. Lucie.
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 Port St. Lucie?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Port St. Lucie has a cost index of 113 with rent of $1,781/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Port St. Lucie details →

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