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

Memphis

Tennessee
68
VS

Sparks

Nevada
126

Memphis is 46% cheaper than Sparks.

$1,123/mo ↓ 32%
Median Rent
$1,651/mo ↑ 47%
$51,211/yr ↓ 41%
Median Income
$86,979/yr ↑ 70%
$157,100 ↓ 66%
Home Value
$455,900 ↑ 190%
$1,087/mo ↓ 32%
Owner Costs
$1,610/mo ↑ 48%
629,063
Population
109,106

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.85%
0.64%
Property Tax
0.53%

Affordability

26.3%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Sparks, NV, the overall cost of living indices are 68 and 126 respectively (national median = 100). Rent is $528/month cheaper in Memphis, saving renters about $6,336/year.

Median household income is $35,768/year higher in Sparks. Home values also differ significantly — the median in Memphis is $157,100 compared to $455,900 in Sparks.

Frequently Asked Questions

Memphis vs Sparks — common questions

Is Memphis or Sparks cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 126 (US average = 100).
What is the rent difference between Memphis and Sparks?
Median rent in Memphis is $1,123/month and in Sparks it's $1,651/month — a difference of $528/month.
Which city has higher income, Memphis or Sparks?
Median household income is $51,211 in Memphis and $86,979 in Sparks. Median household income is $35,768/year higher in Sparks.
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 Sparks?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Sparks has a cost index of 126 with rent of $1,651/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Sparks details →

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