Phoenix, AZ vs Memphis, TN
Moving from Phoenix to Memphis? Here's what changes — from your equivalent salary to housing ($448,352 → $247,229 median home) and taxes.
Phoenix vs Memphis at a glance
Bars scaled to the range across all 200 metros; labels show actual values.
To keep the same standard of living as $100,000 in Phoenix, AZ, you'd need about $87,840 in Memphis, TN (−$12,160).
Livability — Phoenix, AZ: 62 · Memphis, TN: 70 (0–100).
What your home budget buys
A $500,000 home budget gets you about 2,063 sqft in Phoenix vs 4,045 sqft in Memphis ($242 vs $124 per sqft).
Annual cost breakdown (at $100,000)
| Category | Phoenix, AZ | Memphis, TN | Difference |
|---|---|---|---|
| Housing | $20,904 | $17,292 | −$3,612 |
| Groceries | $4,919 | $4,715 | −$204 |
| Transportation | $3,960 | $3,130 | −$830 |
| Utilities | $1,668 | $1,608 | −$60 |
| Insurance | $1,800 | $2,200 | +$400 |
| Taxes | $7,280 | $5,158 | −$2,122 |
| Total | $40,531 | $34,103 | −$6,428 |
Side by side
| Metric | Phoenix, AZ | Memphis, TN |
|---|---|---|
| Cost-of-living index | 104.7 | 91.9 |
| Unemployment rate | 4.88% | 6.84% |
| Population growth (5-yr) | 6.7% | -0.6% |
| Air quality (median AQI) | 86 | 56 |
| Big Mac price (est.) | $5.96 | $5.23 |
| Median home price | $448,352 | $247,229 |
| Home price ÷ income | 5.6× | 4.0× |
| 1-yr home appreciation | -1.7% | 0.1% |
| Price per square foot | $242 | $124 |
| Median rent | $1,742 | $1,441 |
| Total tax burden (% income) | 9.5% | 7.6% |
| Combined sales tax | 8.38% | 9.55% |
| Capital gains tax | 2.50% | None |
| Property tax rate | 0.51% | 0.87% |
| Healthcare (annual) | $6,300 | $6,300 |
| Childcare (annual, infant) | $12,500 | $9,000 |
| Vehicle property tax | 1.68% | None |
| Avg commute (min) | 27 | 24 |
| Home insurance / yr | $1,800 | $2,200 |
| Auto insurance / yr | $1,900 | $1,600 |
| Flood insurance / yr | $550 | $700 |
| Earthquake insurance / yr | $100 | $350 |
| Electricity ¢/kWh | 15.5 | 14.9 |
| Gas $/gal | 3.60 | 2.95 |
| Violent crime /100k | 430 | 600 |
| Avg summer high °F | 104 | 89 |
| Avg winter low °F | 41 | 30 |
| Permit difficulty (1–5) | 2 | 2 |