Tampa vs Memphis

Memphis is cheaper to live in overall. Tampa has a cost of living index of 104 while Memphis has an index of 83, where 100 represents the US national average. Memphis is 20% cheaper than Tampa overall.

The median 1-bedroom rent in Tampa is $1,750 per month compared to $1,050 in Memphis. The median home price in Tampa is $360,000 versus $175,000 in Memphis. Housing is typically the largest factor in cost of living differences between cities.

Tampa has a cost of living index of 104 and Memphis has an index of 83, both measured against a US national average of 100. An index above 100 means more expensive than the national average — below 100 means cheaper.

To maintain the same purchasing power as a salary in Tampa, multiply by 0.80. For example a $75,000 salary in Tampa is equivalent to approximately $59,856 in Memphis.

Tampa has a median household income of $57,906 per year versus $42,982 in Memphis. Higher incomes must be weighed against cost of living. Use the Dayblip salary tools to see specific job salaries in both cities.

Whether moving from Tampa to Memphis is worthwhile depends on your salary, lifestyle, and priorities. Memphis is 20% cheaper overall — with the biggest difference in housing. Use the Dayblip cost of living calculator to enter your specific salary and see the exact dollar impact.