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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

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You'd spend $1.3K/month more in Dallas, TX

$150.0K in your current city equals $165.7K in Dallas, TX

Rent data from HUD ZIP-level estimates ยท COL index from Memphis, TN-MS-AR area
Overall Cost
โ†‘ 17.4%
More expensive
Monthly Impact
$1,308
Extra cost
Annual Impact
$15.7K
Per year

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

Memphis, TN

Population:633K
Cost Index:
100
100 = national average
Median Home:$129K

Dallas, TX

Population:1304K
Cost Index:
117
(17% above avg)
Median Home:$292K

Memphis, TN

The Volunteer State

633K
Population
State Tax
No Income Tax

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

๐Ÿ’ก Advantage: Tennessee has no state income tax!

Dallas, TX

The Lone Star State

1.3M
Population
State Tax
No Income Tax
Climate
Humid subtropical

Notable Facts

  • โ€ขMajor business center
  • โ€ขNo state income tax
  • โ€ขBig Tex home

Major Industries

TechnologyFinanceEnergyTransportation

Cost Breakdown by Category

Annual spending: Memphis, TN vs Dallas, TX

Housing
โ†‘ 29.6%
Memphis, TN
$1,845
Dallas, TX
$2,391
Difference
$546
more
Healthcare
โ†‘ 20.0%
Memphis, TN
$527
Dallas, TX
$632
Difference
$105
more
Other
โ†‘ 6.0%
Memphis, TN
$1,674
Dallas, TX
$1,774
Difference
$100
more
Transportation
โ†‘ 4.4%
Memphis, TN
$1,243
Dallas, TX
$1,298
Difference
$54.64
more
Groceries
โ†‘ 4.3%
Memphis, TN
$939
Dallas, TX
$979
Difference
$39.97
more
All Utilities
โ†‘ 6.2%
Memphis, TN
$530
Dallas, TX
$563
Difference
$32.79
more

๐Ÿ Rent Comparison

Studio
From$1,035
To$1,450
โ†‘ $415
1 Bed
From$1,125
To$1,505
โ†‘ $380
2 Bed
From$1,245
To$1,765
โ†‘ $520
3 Bed
From$1,645
To$2,220
โ†‘ $575
Memphis, TNZIP-level data

1BR range: $940โ€“$1,730/mo

Dallas, TXZIP-level data

1BR range: $1,040โ€“$2,470/mo

๐Ÿ’ก 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.

$6,758
Monthly in Memphis, TN
$7,637
Monthly in Dallas, TX
$879
Difference

Home Values

Memphis
Dallas
$129K
Median Value
$292K
โ†“ -2.8%
YoY Change
โ†“ -3.1%
โ†‘ +25.1%
5-Year Change
โ†‘ +27.1%
$58K - $408K
Price Range
$138K - $2.01M

Homes in Dallas are 127% more expensive than Memphis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
โ†’ $0
Same taxes
Monthly Difference
$0
Same take-home
Effective Rate Diff
0.0%
Rate difference

Memphis, TN

Federal Income Tax
Effective: 18.9%
$25.5K
Tennessee State Tax
No state income tax
$0
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 24.7%
$37.0K
Take-Home Pay
$9,416/month
$113.0K

Dallas, TX

Federal Income Tax
Effective: 18.9%
$25.5K
Texas State Tax
No state income tax
$0
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

Memphis, TN Tax Rates

Sales Tax:9.5%
Property Tax:0.7%

Dallas, TX Tax Rates

Sales Tax:8.2%
Property Tax:1.8%

๐Ÿ’ก 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.

Environment

Memphis
Dallas
55 Moderate
Air Quality
55 Moderate
34.4%
Good Air Days
35.2%
99 High
Climate Risk
100 Very High
๐ŸŒŠ๐ŸŒก๐Ÿซจ
Top Hazards
๐ŸŒŠ๐ŸŒก๐ŸŒช
โ–ฒ+2.8ยฐF
2050 Outlook
โ–ฒ+2.7ยฐF
54 days
Heat Days >95ยฐF
90 days
โ–ฒ+2.8ยฐF
2050 Outlook
โ–ฒ+2.7ยฐF
54 days
Heat Days >95ยฐF
90 days

๐Ÿ’ฐ See how taxes change too โ€” compare take-home pay between Tennessee and Texas on TaxTakeHome.com

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