Cost of Living: Memphis, TN vs Houston, TX
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in Memphis, TN versus $4,516/mo in Houston, TX. In the model, rent is about 16.37% of gross in Memphis, TN versus 19.13% in Houston, TX, so Memphis, TN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Memphis, TN and Houston, TX.
At a glance
- Cheaper overall (lower cost-of-living index): Memphis, TN
- Lower rent (median 1BR/2BR): Memphis, TN
- Lower home prices: Memphis, TN
- Higher median household income: Houston, TX
Cost of Living Index
Memphis, TN: 82.5 (U.S. = 100) · Houston, TX: 92.1 (U.S. = 100)
Memphis, TN has a lower cost-of-living index than Houston, TX, so a given salary generally stretches further there.
Median Rent
Memphis, TN: $1,067/mo (midpoint of 1BR/2BR) · Houston, TX: $1,248/mo
Median rent in Houston, TX is $181/mo higher than in Memphis, TN.
Median Home Price
Memphis, TN: $157,100 · Houston, TX: $253,400
Median home price in Houston, TX is $96,300 higher than in Memphis, TN.
Median Household Income
Memphis, TN: $51,211 · Houston, TX: $62,894
Houston, TX has a higher median household income than Memphis, TN by $11,683.
Memphis, TN overview · Houston, TX overview · Popular comparisons