Memphis, TN vs Spring Hill, FL: 68 vs 85

$1,123/mo ↓ 14%

Median Rent

$1,301/mo ↑ 16%

$51,211/yr ↓ 23%

Median Income

$66,557/yr ↑ 30%

$157,100 ↓ 37%

Home Value

$248,400 ↑ 58%

$1,087/mo ↓ 6%

Owner Costs

$1,153/mo ↑ 6%

629,063

Population

118,814

Detailed Comparison

When comparing Memphis, TN and Spring Hill, FL, the overall cost of living indices are 68 and 85 respectively (national median = 100). Rent is $178/month cheaper in Memphis, saving renters about $2,136/year.

Median household income is $15,346/year higher in Spring Hill. Home values also differ significantly — the median in Memphis is $157,100 compared to $248,400 in Spring Hill.

Frequently Asked Questions

Memphis vs Spring Hill — common questions

Is Memphis or Spring Hill cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 85 (US average = 100).

What is the rent difference between Memphis and Spring Hill?

Median rent in Memphis is $1,123/month and in Spring Hill it's $1,301/month — a difference of $178/month.

Which city has higher income, Memphis or Spring Hill?

Median household income is $51,211 in Memphis and $66,557 in Spring Hill. Median household income is $15,346/year higher in Spring Hill.

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 Spring Hill?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Spring Hill has a cost index of 85 with rent of $1,301/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

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

Memphis

Spring Hill

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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