Cost of Living: Memphis, TN vs Riverview, FL (2026)

Memphis

Tennessee
68
VS

Riverview

Florida
122

Memphis is 44% cheaper than Riverview.

$1,123/mo ↓ 41%
Median Rent
$1,890/mo ↑ 68%
$51,211/yr ↓ 46%
Median Income
$95,442/yr ↑ 86%
$157,100 ↓ 54%
Home Value
$341,200 ↑ 117%
$1,087/mo ↓ 38%
Owner Costs
$1,767/mo ↑ 63%
629,063
Population
107,776

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
23.8%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Riverview, FL, the overall cost of living indices are 68 and 122 respectively (national median = 100). Rent is $767/month cheaper in Memphis, saving renters about $9,204/year.

Median household income is $44,231/year higher in Riverview. Home values also differ significantly — the median in Memphis is $157,100 compared to $341,200 in Riverview.

Frequently Asked Questions

Memphis vs Riverview — common questions

Is Memphis or Riverview 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 Riverview?
Median rent in Memphis is $1,123/month and in Riverview it's $1,890/month — a difference of $767/month.
Which city has higher income, Memphis or Riverview?
Median household income is $51,211 in Memphis and $95,442 in Riverview. Median household income is $44,231/year higher in Riverview.
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 Riverview?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Riverview has a cost index of 122 with rent of $1,890/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Riverview details →

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