Cost of Living: Memphis, TN vs Round Rock, TX (2026)

Memphis

Tennessee
68
VS

Round Rock

Texas
122

Memphis is 44% cheaper than Round Rock.

$1,123/mo ↓ 34%
Median Rent
$1,713/mo ↑ 53%
$51,211/yr ↓ 47%
Median Income
$97,187/yr ↑ 90%
$157,100 ↓ 59%
Home Value
$383,700 ↑ 144%
$1,087/mo ↓ 39%
Owner Costs
$1,781/mo ↑ 64%
629,063
Population
124,288

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.64%
Property Tax
1.6%

Affordability

26.3%
rent-to-income
Affordability
21.2%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Round Rock, TX, the overall cost of living indices are 68 and 122 respectively (national median = 100). Rent is $590/month cheaper in Memphis, saving renters about $7,080/year.

Median household income is $45,976/year higher in Round Rock. Home values also differ significantly — the median in Memphis is $157,100 compared to $383,700 in Round Rock.

Frequently Asked Questions

Memphis vs Round Rock — common questions

Is Memphis or Round Rock 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 Round Rock?
Median rent in Memphis is $1,123/month and in Round Rock it's $1,713/month — a difference of $590/month.
Which city has higher income, Memphis or Round Rock?
Median household income is $51,211 in Memphis and $97,187 in Round Rock. Median household income is $45,976/year higher in Round Rock.
How do taxes compare between Tennessee and Texas?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Memphis or Round Rock?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Round Rock has a cost index of 122 with rent of $1,713/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Round Rock details →

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