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

Memphis

Tennessee
68
VS

Tyler

Texas
79

Memphis is 14% cheaper than Tyler.

$1,123/mo ↓ 6%
Median Rent
$1,199/mo ↑ 7%
$51,211/yr ↓ 22%
Median Income
$65,527/yr ↑ 28%
$157,100 ↓ 27%
Home Value
$216,400 ↑ 38%
$1,087/mo ↓ 7%
Owner Costs
$1,170/mo ↑ 8%
629,063
Population
107,718

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
22.0%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Tyler, TX, the overall cost of living indices are 68 and 79 respectively (national median = 100). Rent is $76/month cheaper in Memphis, saving renters about $912/year.

Median household income is $14,316/year higher in Tyler. Home values also differ significantly — the median in Memphis is $157,100 compared to $216,400 in Tyler.

Frequently Asked Questions

Memphis vs Tyler — common questions

Is Memphis or Tyler cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 79 (US average = 100).
What is the rent difference between Memphis and Tyler?
Median rent in Memphis is $1,123/month and in Tyler it's $1,199/month — a difference of $76/month.
Which city has higher income, Memphis or Tyler?
Median household income is $51,211 in Memphis and $65,527 in Tyler. Median household income is $14,316/year higher in Tyler.
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 Tyler?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Tyler has a cost index of 79 with rent of $1,199/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Tyler details →

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