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Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

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You'd spend $1.5K/month more in St. Petersburg, FL

$150.0K in your current city equals $167.8K in St. Petersburg, FL

Rent data from HUD ZIP-level estimates ยท COL index from Memphis, TN-MS-AR area
Overall Cost
โ†‘ 19.8%
More expensive
Monthly Impact
$1,483
Extra cost
Annual Impact
$17.8K
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

St. Petersburg, FL

Population:264K
Cost Index:
120
(20% above avg)
Median Home:$333K

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!

St. Petersburg, FL

The Sunshine State

264K
Population
State Tax
No Income Tax

Located in Florida, this city has a population of 264K residents.

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

Cost Breakdown by Category

Annual spending: Memphis, TN vs St. Petersburg, FL

Housing
โ†‘ 46.5%
Memphis, TN
$1,845
St. Petersburg, FL
$2,703
Difference
$858
more
Other
โ†‘ 8.0%
Memphis, TN
$1,674
St. Petersburg, FL
$1,808
Difference
$134
more
Groceries
โ†‘ 8.5%
Memphis, TN
$939
St. Petersburg, FL
$1,019
Difference
$79.94
more
All Utilities
โ†‘ 8.2%
Memphis, TN
$530
St. Petersburg, FL
$574
Difference
$43.71
more
Healthcare
โ†‘ 8.2%
Memphis, TN
$527
St. Petersburg, FL
$570
Difference
$43.37
more
Transportation
โ†‘ 3.3%
Memphis, TN
$1,243
St. Petersburg, FL
$1,284
Difference
$40.98
more

๐Ÿ Rent Comparison

Studio
From$1,035
To$1,640
โ†‘ $605
1 Bed
From$1,125
To$1,750
โ†‘ $625
2 Bed
From$1,245
To$2,040
โ†‘ $795
3 Bed
From$1,645
To$2,610
โ†‘ $965
Memphis, TNZIP-level data

1BR range: $940โ€“$1,730/mo

St. Petersburg, FLZIP-level data

1BR range: $1,420โ€“$2,500/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
$7,958
Monthly in St. Petersburg, FL
$1,200
Difference

Home Values

Memphis
St. Petersburg
$129K
Median Value
$333K
โ†“ -2.8%
YoY Change
โ†“ -7.3%
โ†‘ +25.1%
5-Year Change
โ†‘ +29%
$58K - $408K
Price Range
$162K - $712K

Homes in St. Petersburg are 159% 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

St. Petersburg, FL

Federal Income Tax
Effective: 18.9%
$25.5K
Florida 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%

St. Petersburg, FL Tax Rates

Sales Tax:7.2%
Property Tax:0.8%

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
St. Petersburg
55 Moderate
Air Quality
50 Good
34.4%
Good Air Days
52.5%
99 High
Climate Risk
99 High
๐ŸŒŠ๐ŸŒก๐Ÿซจ
Top Hazards
๐ŸŒŠ๐ŸŒ…๐ŸŒ€
โ–ฒ+2.8ยฐF
2050 Outlook
โ–ฒ+2.2ยฐF
54 days
Heat Days >95ยฐF
38 days
โ–ฒ+2.8ยฐF
2050 Outlook
โ–ฒ+2.2ยฐF
54 days
Heat Days >95ยฐF
38 days

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

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