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

Memphis

Tennessee
68
VS

Spring Valley

Nevada
119

Memphis is 43% cheaper than Spring Valley.

$1,123/mo ↓ 32%
Median Rent
$1,642/mo ↑ 46%
$51,211/yr ↓ 29%
Median Income
$72,364/yr ↑ 41%
$157,100 ↓ 61%
Home Value
$407,900 ↑ 160%
$1,087/mo ↓ 30%
Owner Costs
$1,554/mo ↑ 43%
629,063
Population
219,913

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
27.2%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Spring Valley, NV, the overall cost of living indices are 68 and 119 respectively (national median = 100). Rent is $519/month cheaper in Memphis, saving renters about $6,228/year.

Median household income is $21,153/year higher in Spring Valley. Home values also differ significantly — the median in Memphis is $157,100 compared to $407,900 in Spring Valley.

Frequently Asked Questions

Memphis vs Spring Valley — common questions

Is Memphis or Spring Valley cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 119 (US average = 100).
What is the rent difference between Memphis and Spring Valley?
Median rent in Memphis is $1,123/month and in Spring Valley it's $1,642/month — a difference of $519/month.
Which city has higher income, Memphis or Spring Valley?
Median household income is $51,211 in Memphis and $72,364 in Spring Valley. Median household income is $21,153/year higher in Spring Valley.
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 Spring Valley?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Spring Valley has a cost index of 119 with rent of $1,642/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Spring Valley details →

More Comparisons

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