Memphis, TN vs Reno, NV: 68 vs 122

$1,123/mo ↓ 23%

Median Rent

$1,453/mo ↑ 29%

$51,211/yr ↓ 35%

Median Income

$78,448/yr ↑ 53%

$157,100 ↓ 68%

Home Value

$498,600 ↑ 217%

$1,087/mo ↓ 27%

Owner Costs

$1,482/mo ↑ 36%

629,063

Population

268,959

Detailed Comparison

When comparing Memphis, TN and Reno, NV, the overall cost of living indices are 68 and 122 respectively (national median = 100). Rent is $330/month cheaper in Memphis, saving renters about $3,960/year.

Median household income is $27,237/year higher in Reno. Home values also differ significantly — the median in Memphis is $157,100 compared to $498,600 in Reno.

Frequently Asked Questions

Memphis vs Reno — common questions

Is Memphis or Reno cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 122 (US average = 100).

What is the rent difference between Memphis and Reno?

Median rent in Memphis is $1,123/month and in Reno it's $1,453/month — a difference of $330/month.

Which city has higher income, Memphis or Reno?

Median household income is $51,211 in Memphis and $78,448 in Reno. Median household income is $27,237/year higher in Reno.

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 Reno?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Reno has a cost index of 122 with rent of $1,453/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

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

Memphis

Reno

Tax Comparison

Affordability

Detailed Comparison

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