Side-by-side cost of living comparison for 2026
Median Income: $41,228
Population: 633,104
Median Income: $55,530
Population: 949,611
When comparing Memphis and Jacksonville, the overall cost of living differs by 21.1%. Jacksonville carries a cost index of 92 compared to Memphis's 76, meaning your dollar stretches 17% further in Memphis.
Housing is where the most significant gap appears between these two cities. Memphis has a housing index of 62 compared to Jacksonville's 88. This 26-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 $72,632 in Jacksonville to maintain the same standard of living. For a $100,000 salary, the equivalent would be $121,053.
The median household income in Memphis is $41,228 compared to $55,530 in Jacksonville. Jacksonville has higher incomes, though the higher cost of living may offset this advantage.
Safety: Memphis scores 3/10 while Jacksonville scores 5/10 in our safety assessment.
Weather: Jacksonville enjoys better weather with a score of 7/10 versus Memphis's 6/10.
Job Market: Jacksonville has the stronger job market (6/10) 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. Jacksonville may justify its higher costs with unique cultural amenities that many residents find worthwhile.
