Killeen vs Memphis
Cost of Living Comparison · 2026 Data
Killeen
Memphis
💡 The Verdict
Memphis is 9% cheaper than Killeen overall. A $75,000 salary in Killeen is equivalent to $68,478 in Memphis.
Category-by-Category Breakdown
Index values for Killeen (left) vs Memphis (right). National average = 100.
Detailed Price Comparison
Estimated item-level prices in Killeen versus Memphis. Differences shown from Killeen perspective.
| Item | Killeen | Memphis | Difference |
|---|---|---|---|
| 1-Bed Rent | $1,060/mo | $720/mo | +$340.00 |
| 2-Bed Rent | $1,420/mo | $1,000/mo | +$420.00 |
| 3-Bed Rent | $1,880/mo | $1,300/mo | +$580.00 |
| Bread (loaf) | $2.58 | $2.40 | +$0.18 |
| Milk (gallon) | $3.16 | $3.74 | $-0.58 |
| Eggs (dozen) | $2.87 | $3.05 | $-0.18 |
| Coffee (latte) | $5.70 | $5.47 | +$0.23 |
| Gas (gallon) | $3.09 | $3.29 | $-0.20 |
| Restaurant Meal | $17.86 | $13.90 | +$3.96 |
💰 Salary Equivalence
A $75,000 salary in Killeen has the same purchasing power as $68,478 in Memphis.
Conversely, $75,000 in Memphis equals $82,143 in Killeen.
💼 Take-Home Pay Comparison
Estimated annual take-home pay on a $75,000 salary after federal, FICA, and state income taxes.
Both states have similar effective tax rates on this salary level. Texas details → · Tennessee details →
Reading These Numbers: Killeen (92) vs Memphis (84)
Killeen at 92 is 8% below the US average, while Memphis at 84 is 16% below average. The cost difference between these cities is relatively modest.
In Killeen, the composite index of 92 reflects a weighted calculation where housing carries the most influence at 103, followed by groceries (92), utilities (87), transportation (92), and healthcare (93). Housing is the primary cost driver here.
For renters: With median rents of $1,420/mo in Killeen and $1,000/mo in Memphis, the annual rent difference is approximately $5,040.0. Over a 5-year period, that compounds to $25,200.0 in savings by choosing the more affordable city.
For homebuyers: The $153,000.0 difference in median home prices between Killeen and Memphis translates to meaningful differences in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
🔗 Related Tools
📚 Moving & Relocation Resources
Amazon affiliate links
CITY PROFILES
Making Your Decision: Killeen vs Memphis
Choosing between Killeen and Memphis involves more than just comparing index numbers. Consider how each category aligns with your personal spending patterns. If you work from home, transportation costs matter less than housing and utilities. If you eat out frequently, the groceries index may understate your actual food spending — look at the restaurant meal prices in the detailed comparison table above instead.
Long-term affordability in Killeen versus Memphis depends partly on cost trajectory. Cities experiencing rapid population growth tend to see costs rise faster than established metros where supply has caught up with demand. While our index captures current conditions, consider whether the city trending cheaper today might converge toward average over the next five to ten years as more people discover it. Our quarterly updates help track these shifts over time.