Is Memphis, TN cheaper than Jacksonville, FL?

Based on cost of living data, Memphis, TN is 8.5% cheaper than Jacksonville, FL. This translates to saving $638 per month.

What salary do I need in Memphis, TN to live like I do in Jacksonville, FL?

If you earn $150,000 in Jacksonville, FL, you'd need approximately $142,340.426 in Memphis, TN to maintain the same standard of living.

How does housing cost compare between Jacksonville, FL and Memphis, TN?

Housing in Memphis, TN is 16.5% cheaper than in Jacksonville, FL. For a two-bedroom apartment, rent is $1,245/month in Memphis, TN compared to $1,530/month in Jacksonville, FL.

How much can I save per month by moving from Jacksonville, FL to Memphis, TN?

Moving from Jacksonville, FL to Memphis, TN could save you approximately $638 per month, or $7660 per year, based on a $150,000 salary.

Jacksonville, FL vs Memphis, TN: Cost of Living Comparison 2026

Tap to swap

Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Jacksonville, FL

Numbers update automatically as you type

You'd save $638/month moving to Memphis, TN

$150.0K in your current city equals $142.3K in Memphis, TN

Rent data from HUD ZIP-level estimates · COL index from Jacksonville, FL area

Overall Cost

↓ 8.5%

Less expensive

Monthly Impact

$638

Savings

Annual Impact

$7.7K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Jacksonville, FL

Population:950K

Cost Index:

100

100 = national average

Median Home:$289K

Memphis, TN

Population:633K

Cost Index:

(9% below avg)

Median Home:$129K

Jacksonville, FL

The Sunshine State

950K

Population

State Tax

No Income Tax

Located in Florida, this city has a population of 950K residents.

💡 Advantage: Florida has no state income tax!

Memphis, TN

The Volunteer State

633K

Population

State Tax

No Income Tax

Located in Tennessee, this city has a population of 633K residents.

💡 Advantage: Tennessee has no state income tax!

Cost Breakdown by Category

Annual spending: Jacksonville, FL vs Memphis, TN

Category	Jacksonville, FL	Memphis, TN	Difference	Change
Housing	$2,209/mo	$1,845/mo	↓ $364less	16.5%
Groceries	$1,019/mo	$939/mo	↓ $79.94less	7.8%
Other	$1,624/mo	$1,674/mo	↑ $50.22more	3.1%
All Utilities	$574/mo	$530/mo	↓ $43.71less	7.6%
Healthcare	$570/mo	$527/mo	↓ $43.37less	7.6%
Transportation	$1,284/mo	$1,243/mo	↓ $40.98less	3.2%

Housing

↓ 16.5%

Jacksonville, FL

$2,209

Memphis, TN

$1,845

Difference

$364

less

Groceries

↓ 7.8%

Jacksonville, FL

$1,019

Memphis, TN

$939

Difference

$79.94

less

Other

↑ 3.1%

Jacksonville, FL

$1,624

Memphis, TN

$1,674

Difference

$50.22

All Utilities

↓ 7.6%

Jacksonville, FL

$574

Memphis, TN

$530

Difference

$43.71

less

Healthcare

↓ 7.6%

Jacksonville, FL

$570

Memphis, TN

$527

Difference

$43.37

less

Transportation

↓ 3.2%

Jacksonville, FL

$1,284

Memphis, TN

$1,243

Difference

$40.98

less

🏠Rent Comparison

Studio

From$1,250

To$1,035

↓ $215

1 Bed

From$1,270

To$1,125

↓ $145

2 Bed

From$1,530

To$1,245

↓ $285

3 Bed

From$1,890

To$1,645

↓ $245

Jacksonville, FLZIP-level data

1BR range: $960–$2,070/mo

Memphis, TNZIP-level data

1BR range: $940–$1,730/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,280

Monthly in Jacksonville, FL

$6,758

Monthly in Memphis, TN

$522

Difference

Home Values

Jacksonville

Memphis

$289K

Median Value

$129K

↓ -3.7%

YoY Change

↓ -2.8%

↑ +31.6%

5-Year Change

↑ +25.1%

$102K - $535K

Price Range

$58K - $408K

Homes in Memphis are 55% less expensive than Jacksonville

Calculate payment - Jacksonville Calculate payment - Memphis

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Jacksonville, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Memphis, TN

Federal Income Tax

Effective: 18.9%

$25.5K

Tennessee State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Jacksonville, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

Memphis, TN Tax Rates

Sales Tax:9.5%

Property Tax:0.7%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.