Median rent is 46% lower in Memphis ($1,181/mo vs $2,175/mo). Buying is cheaper in Memphis, where the median home runs $169,000 versus $831,200. Households earn more in Anaheim ($95,227 vs $51,736 a year). Taken together, Memphis is the more affordable choice with a cost index of 91.9 against 114.7 — about 20% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Anaheim, CA.
Cost of living verdict
Memphis is 20% cheaper overall
Cost of Living Index: 91.9 in Memphis vs 114.7 in Anaheim (US national average = 100)
City A
Anaheim, CA
City B
Memphis, TN
How much would you need to earn in Memphis, TN to maintain your standard of living from Anaheim, CA?
Equivalent salary in Memphis, TN
$60,097
You could earn $14,903 less (20% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Anaheim
California
Memphis
Tennessee
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Memphis — median rent of $1,181/mo versus $2,175/mo in Anaheim, a 46% difference. Home buyers face a steeper market in Anaheim: the median home is $831,200 versus $169,000 in Memphis — 80% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Anaheim
Income tax: N/A
Sales tax: N/A
Memphis
Income tax: N/A
Sales tax: N/A
Memphis has cleaner air on average: 19.0 AQI (Good) compared to 35.0 AQI (Good) in the other city. Lower AQI means cleaner, healthier air.
Pick Memphis if you prioritize lower overall cost of living (index 91.9 vs 114.7).
Pick Anaheim if you prioritize higher median household income ($95,227/yr).
Pick Memphis if you prioritize cheaper rent ($1,181/mo median).
Pick Memphis if you prioritize cleaner air quality (avg AQI 19.0).
Is Anaheim cheaper than Memphis?
Memphis is cheaper overall, with a cost of living index of 91.9 versus 114.7 (US average = 100). That means prices run about 20% lower in Memphis.
How much is rent in Anaheim vs Memphis?
Median rent is $2,175/mo in Anaheim, CA and $1,181/mo in Memphis, TN. Memphis, TN has the lower rent by about 46%.
Which has higher salaries — Anaheim or Memphis?
Median household income is $95,227 in Anaheim, CA and $51,736 in Memphis, TN. Anaheim, CA has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Memphis, TN has better air quality on average: 19.0 AQI versus 35.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Anaheim or Memphis?
State tax data is not yet available for one or both cities.
What salary do I need in Memphis to match my Anaheim income?
To maintain the same purchasing power, a salary of $100,000 in Anaheim, CA is equivalent to roughly $80,129 in Memphis, TN (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
