Cost of Living: Memphis, TN vs West Palm Beach, FL (2026)

Memphis

Tennessee
68
VS

West Palm Beach

Florida
119

Memphis is 43% cheaper than West Palm Beach.

$1,123/mo ↓ 34%
Median Rent
$1,709/mo ↑ 52%
$51,211/yr ↓ 26%
Median Income
$69,261/yr ↑ 35%
$157,100 ↓ 58%
Home Value
$369,800 ↑ 135%
$1,087/mo ↓ 35%
Owner Costs
$1,667/mo ↑ 53%
629,063
Population
119,508

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
6.0%
0.64%
Property Tax
0.86%

Affordability

26.3%
rent-to-income
Affordability
29.6%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and West Palm Beach, FL, the overall cost of living indices are 68 and 119 respectively (national median = 100). Rent is $586/month cheaper in Memphis, saving renters about $7,032/year.

Median household income is $18,050/year higher in West Palm Beach. Home values also differ significantly — the median in Memphis is $157,100 compared to $369,800 in West Palm Beach.

Frequently Asked Questions

Memphis vs West Palm Beach — common questions

Is Memphis or West Palm Beach 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 West Palm Beach?
Median rent in Memphis is $1,123/month and in West Palm Beach it's $1,709/month — a difference of $586/month.
Which city has higher income, Memphis or West Palm Beach?
Median household income is $51,211 in Memphis and $69,261 in West Palm Beach. Median household income is $18,050/year higher in West Palm Beach.
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 West Palm Beach?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while West Palm Beach has a cost index of 119 with rent of $1,709/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

Other cost of living comparisons for Memphis and West Palm Beach

Memphis vs. Detroit Memphis vs. Louisville Memphis vs. Portland Memphis vs. Baltimore Memphis vs. Las Vegas Memphis vs. Milwaukee West Palm Beach vs. Hartford West Palm Beach vs. Spring Hill West Palm Beach vs. Fairfield West Palm Beach vs. Wilmington West Palm Beach vs. Berkeley West Palm Beach vs. Billings