Is Memphis or Miami more affordable?
Memphis has a median rent of $950/month, while Miami is $1,361/month. Memphis is more affordable for renters.
City comparison
Memphis, TN vs Miami, FL
Side-by-side comparison of cost of living, taxes, climate, and quality of life between Memphis and Miami.
3
Memphis wins
of 5 metrics
tracked
1
Miami wins
TN
Memphis
vs
FL
Miami
Overview
633,104
Population
440,807
$41,228
Median Income
+16.1%$47,860✓
Cost of Living
$950✓
Median Rent / mo
+43.3%$1,361
$155,000✓
Median Home Price
+138.1%$369,100
28%
Rent-to-Income %
34%
Taxes
None
State Income Tax
None
9.75%
Local Tax Rate
0.00%
Climate & Weather
70°F
Avg High Temp
73.42°F
49°F
Avg Low Temp
69.03°F
214 days✓
Sunny Days / Year
N/A
54"
Annual Rainfall
N/A
Who should choose
Memphis, TN
Memphis is a city in Tennessee with a population of 633,104.
Read full Memphis guide →Who should choose
Miami, FL
Miami is a city in Florida with a population of 440,807.
Read full Miami guide →Memphis vs Miami — Common Questions
Which city has lower taxes — Memphis or Miami?
Tennessee has no state income tax. Florida has no state income tax. Both have the same state income tax rate.
What is the weather difference between Memphis and Miami?
Memphis gets 214 sunny days/year. Avg high in Memphis: 70°F. Avg high in Miami: 73.42°F
Which city is better for families — Memphis or Miami?
Memphis. Miami. The right choice depends on your priorities — income, affordability, taxes, and climate all play a role.
More city comparisons
Data sourced from U.S. Census Bureau, Bureau of Labor Statistics, and NOAA. Green values indicate a better outcome for that metric.