Cost of Living: Memphis, TN vs Pueblo, CO (2026)

Memphis

Tennessee
68
VS

Pueblo

Colorado
72

Memphis is 6% cheaper than Pueblo.

$1,123/mo ↑ 10%
Median Rent
$1,020/mo ↓ 9%
$51,211/yr ↓ 7%
Median Income
$55,305/yr ↑ 8%
$157,100 ↓ 32%
Home Value
$230,900 ↑ 47%
$1,087/mo ↑ 8%
Owner Costs
$1,011/mo ↓ 7%
629,063
Population
111,514

Tax Comparison

0%
Income Tax
4.4%
7.0%
State Sales Tax
2.9%
0.64%
Property Tax
0.51%

Affordability

26.3%
rent-to-income
Affordability
22.1%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Pueblo, CO, the overall cost of living indices are 68 and 72 respectively (national median = 100). Rent is $103/month cheaper in Pueblo, saving renters about $1,236/year.

Median household income is $4,094/year higher in Pueblo. Home values also differ significantly — the median in Memphis is $157,100 compared to $230,900 in Pueblo.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Memphis vs Pueblo — common questions

Is Memphis or Pueblo cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 72 (US average = 100).
What is the rent difference between Memphis and Pueblo?
Median rent in Memphis is $1,123/month and in Pueblo it's $1,020/month — a difference of $103/month.
Which city has higher income, Memphis or Pueblo?
Median household income is $51,211 in Memphis and $55,305 in Pueblo. Median household income is $4,094/year higher in Pueblo.
How do taxes compare between Tennessee and Colorado?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Memphis or Pueblo?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Pueblo has a cost index of 72 with rent of $1,020/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Pueblo details →

More Comparisons

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