Side-by-side cost of living comparison for 2026
Median Income: $41,228
Population: 633,104
Median Income: $56,019
Population: 2,304,580
When comparing Memphis and Houston, the overall cost of living differs by 18.4%. Houston carries a cost index of 90 compared to Memphis's 76, meaning your dollar stretches 16% further in Memphis.
Housing is where the most significant gap appears between these two cities. Memphis has a housing index of 62 compared to Houston's 82. This 20-point difference translates to substantial monthly savings on rent or mortgage payments in Memphis.
Memphis is more affordable for: Housing, Food & Groceries, Transportation, Healthcare, Utilities, Entertainment, Taxes.
If you earn $60,000 in Memphis, you would need $71,053 in Houston to maintain the same standard of living. For a $100,000 salary, the equivalent would be $118,421.
The median household income in Memphis is $41,228 compared to $56,019 in Houston. Houston has higher incomes, though the higher cost of living may offset this advantage.
Safety: Memphis scores 3/10 while Houston scores 5/10 in our safety assessment.
Weather: Memphis has an edge in climate with a 6/10 weather score compared to Houston's 5/10.
Job Market: Houston has the stronger job market (7/10) compared to Memphis (5/10).
Memphis is the more affordable option overall, but cost is just one factor in deciding where to live. Consider your career opportunities, family needs, and lifestyle preferences alongside the financial comparison. Houston may justify its higher costs with unique cultural amenities that many residents find worthwhile.
