Memphis vs San Antonio: cost of living compared
San Antonio is 13% more expensive than Memphis overall. Neither TN nor TX has a state income tax.
Indexes use a US average of 100: below 100 is cheaper than the national average. Housing and transportation are derived from median home prices, rents and commute times; figures come from BLS, Census ACS, Numbeo and the MIT Living Wage Calculator.
The big picture
Overall, Memphis offers a more affordable cost of living compared to San Antonio. This difference is largely driven by significantly lower housing costs in Memphis, which makes a substantial impact on the total household budget. While both cities are generally more affordable than the national average, Memphis stands out as the more budget-friendly option across most spending categories, providing a noticeable financial advantage for residents.
Housing
Housing in Memphis is considerably more affordable, whether you are looking to buy a home or rent an apartment. Median home prices are substantially lower, and typical one-bedroom rents also present a significant saving compared to San Antonio. Both cities feature a mix of housing styles, but the entry point for homeownership and rental costs is distinctly lower in Memphis, offering more accessible options for residents.
Taxes and everyday costs
Daily expenses for transportation, groceries, and healthcare are generally lower in Memphis. Utilities, however, are a bit higher in San Antonio, making that category more costly there. Both states do not levy a personal income tax, which is a financial benefit for residents in either metro. Overall, the cost of routine goods and services will likely feel more economical in Memphis.
Lifestyle trade-offs
San Antonio typically experiences a warmer climate with more sunny days, while Memphis has a humid subtropical climate with distinct seasons. Both cities are car-dependent, though San Antonio's average commute is slightly longer. San Antonio has a rich historical and cultural heritage, while Memphis is known for its musical legacy. Both are major regional centers with a generally relaxed pace.
Bottom line
For those prioritizing a lower overall cost of living, particularly in housing, Memphis presents a clear advantage. While San Antonio is also relatively affordable compared to many parts of the country, moving to Memphis would likely free up more of your household budget. Both cities offer unique cultural experiences and amenities, so the decision ultimately depends on balancing financial priorities with preferred lifestyle and climate.
| Measure | Memphis, TN | San Antonio, TX |
|---|---|---|
| Overall cost of living (US avg = 100) | 78 | 88 |
| Housing index | 54 | 71 |
| Transportation index | 88 | 95 |
| Food index | 85 | 88 |
| Healthcare index | 88 | 92 |
| Utilities index | 92 | 102 |
| Misc index | 78 | 85 |
| Median home price | $178,000 | $248,000 |
| Median 1-bedroom rent | $900/mo | $1,100/mo |
| Average commute | 25 min | 27 min |
Compare any two metros with the free cost of living tool, or see the true monthly cost of a specific San Antonio home with the True Cost Calculator.