Is it cheaper to live in Henderson or Memphis?

Memphis, TN is cheaper. Its monthly baseline of $1,110 (1BR rent + utilities) runs about 30% below Henderson, NV's $1,580, mainly because of rent.

How much more do you need to earn to live in Henderson than in Memphis?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $57,000 a year in Henderson versus $38,000 in Memphis.

Which has lower taxes, Henderson or Memphis?

Henderson is taxed under Nevada's rules (no state income tax and a 6.85% state sales tax); Memphis under Tennessee's (no state income tax and a 7% state sales tax).

Henderson vs Memphis Cost of Living 2026

Henderson

Nevada

$1,580/mo est.

Memphis

Tennessee

$1,110/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,580 in Henderson, NV versus $1,110 in Memphis, TN. Overall, Memphis, TN is roughly 30% cheaper to live in day-to-day than Henderson, NV, driven mainly by rent.

Median household income is $88,654 in Henderson, NV and $51,211 in Memphis, TN — about 42% higher in Henderson, NV. Nevada has no state income tax and a 6.85% state sales tax; Tennessee has no state income tax and a 7% state sales tax.

Henderson, NV

Memphis, TN

Rent

Studio

$1,442

$877

+39% in Henderson, NV

1 Bedroom

$1,437

$948

+34% in Henderson, NV

2 Bedroom

$1,694

$1,073

+37% in Henderson, NV

3 Bedroom

$1,982

$1,281

+35% in Henderson, NV

Buying a Home

Median Home Value

$465,000

$157,100

+66% in Henderson, NV

Income

Median Household Income

$88,654

$51,211

+42% in Henderson, NV

Metro Median Wage (annual)

$46,670

$46,890

+0% in Memphis, TN

People & Lifestyle

Median Age

42.5 yr

34.3 yr

+8.2 yr in Henderson, NV

Homeownership

65.6%

46.0%

+19.6 pp in Henderson, NV

Bachelor's+ (25+)

36.8%

28.2%

+8.6 pp in Henderson, NV

Avg Commute

24.7 min

21.3 min

+3.4 min in Henderson, NV

Crime (per 100k/yr)

Violent Crime

271.8

2,507.6

+823% in Memphis, TN

Property Crime

1,725.7

6,966.3

+304% in Memphis, TN

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature

69.4°F

63.1°F

+6.3°F in Henderson, NV

Annual Precipitation

4.2 in

53.7 in

+49.5 in in Memphis, TN

Gas

Regular Gasoline

$5.09/gal

$3.94/gal

+23% in Henderson, NV

Area: West Coast (PADD 5) vs Midwest (PADD 2).

Public Transit

Base Fare (one-way)

—

$1.75

Adult base one-way fare — — vs MATA (2026).

Utilities

Electricity (¢/kWh)

13.6

14.5

+6% in Memphis, TN

Natural Gas ($/MCF)

$12.09

$16.83

+39% in Memphis, TN

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.82

$4.00

+17% in Henderson, NV

Bread (lb)

$2.04

$1.75

+14% in Henderson, NV

Eggs (doz)

$2.19

$2.21

+1% in Memphis, TN

Ground Beef (lb)

$7.36

$6.45

+12% in Henderson, NV

Chicken (lb)

$2.01

$1.90

+6% in Henderson, NV

Bananas (lb)

$0.70

$0.62

+12% in Henderson, NV

Average prices — West vs South (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NV / TN)

6.85%

+0.2 pp in TN

Income Tax (top rate)

None

about equal

Henderson vs Memphis — FAQ

Is it cheaper to live in Henderson or Memphis?: Memphis, TN is cheaper. Its monthly baseline of $1,110 (1BR rent + utilities) runs about 30% below Henderson, NV's $1,580, mainly because of rent.
How much more do you need to earn to live in Henderson than in Memphis?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $57,000 a year in Henderson versus $38,000 in Memphis.
Which has lower taxes, Henderson or Memphis?: Henderson is taxed under Nevada's rules (no state income tax and a 6.85% state sales tax); Memphis under Tennessee's (no state income tax and a 7% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).