Memphis, TN vs Tempe, AZ: 68 vs 120

$1,123/mo ↓ 31%

Median Rent

$1,623/mo ↑ 45%

$51,211/yr ↓ 34%

Median Income

$77,643/yr ↑ 52%

$157,100 ↓ 63%

Home Value

$421,900 ↑ 169%

$1,087/mo ↓ 30%

Owner Costs

$1,554/mo ↑ 43%

629,063

Population

186,419

Detailed Comparison

When comparing Memphis, TN and Tempe, AZ, the overall cost of living indices are 68 and 120 respectively (national median = 100). Rent is $500/month cheaper in Memphis, saving renters about $6,000/year.

Median household income is $26,432/year higher in Tempe. Home values also differ significantly — the median in Memphis is $157,100 compared to $421,900 in Tempe.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Arizona's 2.5% rate.

Frequently Asked Questions

Memphis vs Tempe — common questions

Is Memphis or Tempe cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 120 (US average = 100).

What is the rent difference between Memphis and Tempe?

Median rent in Memphis is $1,123/month and in Tempe it's $1,623/month — a difference of $500/month.

Which city has higher income, Memphis or Tempe?

Median household income is $51,211 in Memphis and $77,643 in Tempe. Median household income is $26,432/year higher in Tempe.

How do taxes compare between Tennessee and Arizona?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.

Should I move to Memphis or Tempe?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Tempe has a cost index of 120 with rent of $1,623/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Memphis, TN vs Tempe, AZ (2026)

Memphis

Tempe

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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