Quick answer
Memphis costs $345/month less overall ($1,455 vs $1,800/mo). Both cities have None state income tax, so the rent gap is the real difference.
City Comparison · 2026
Fort Worth vs Memphis
Side-by-side on rent, home prices, taxes, walkability, jobs, and climate — with a straight verdict for each type of mover.
Last updated: April 23, 2026
Fort Worth vs Memphis at a Glance
| Metric | Fort Worth | Memphis |
|---|---|---|
| 1BR Monthly Rent | $1,280 | $1,220 ✓ |
| 2BR Monthly Rent | $1,620 | $1,220 ✓ |
| Median Home Price | $340K | $195K ✓ |
| Avg Utilities/mo | $175 | $150 ✓ |
| Avg Groceries/mo | $345 | $325 ✓ |
| Monthly Cost (1BR) | $1,800 | $1,455 ✓ |
| Walk Score | 34/100 | 36/100 ✓ |
| Transit Score | 25/100 | 28/100 ✓ |
| State Income Tax | None ✓ | None |
Monthly cost = 1BR rent + utilities + groceries for one person. ✓ marks the lower/better value.
Cost of Living: What the Numbers Actually Mean
Rent gap: Memphis's 1BR averages $980/month vs $1,280 in Fort Worth — a $300/month difference, or $3,600/year. That's a meaningful gap worth factoring into your decision.
State tax: Both cities carry the same state income tax rate (None), so this isn't a differentiator.
Home buying: Median homes in Memphis are $195K vs $340K in Fort Worth. At a 20% down payment, that's a $29,000 difference in upfront cash — significant at early-career savings rates.
Utilities: Fort Worth utilities run $25 more per month than Memphis. Factor this into your all-in monthly budget.
Walkability, Transit & Daily Life
Fort Worth, TX
Car ownership is effectively mandatory in Fort Worth. Budget $400–600/month for a car if you don't own one.
TOP NEIGHBORHOODS
Memphis, TN
Car ownership is effectively mandatory in Memphis. Budget $400–600/month for a car if you don't own one.
TOP NEIGHBORHOODS
Climate
Fort Worth
Hot summers (similar to Dallas, 100°F+), mild winters with occasional ice storms, severe thunderstorm and tornado season in spring
Memphis
Hot humid summers, mild winters with occasional ice storms, high annual rainfall
Job Market
Fort Worth top industries
Memphis top industries
Who Should Pick Which City
Move to Fort Worth if…
- →You're a aerospace / defense workers
- →You're a healthcare professionals
- →You're a remote workers
- →You're a Texas culture enthusiasts
- →You want zero state income tax
Move to Memphis if…
- →You're a logistics / supply chain workers
- →You're a healthcare workers
- →You're a musicians
- →You're a remote workers seeking extreme affordability
- →You want zero state income tax
- →You're buying a home and want more for your money
Frequently Asked Questions
Is Fort Worth or Memphis cheaper to live in?
Memphis is cheaper overall. Monthly costs (1BR rent + utilities + groceries) run $1,455 in Memphis vs $1,800 in Fort Worth — a $345/month difference.
Which city is more walkable — Fort Worth or Memphis?
Memphis is more walkable with a Walk Score of 36/100 vs 34/100. Fort Worth is more car-dependent.
Fort Worth vs Memphis: which has lower state income tax?
Both Fort Worth and Memphis have the same state income tax rate (None).
Is Fort Worth or Memphis better for buying a home?
Memphis has lower median home prices at $195K vs $340K in Fort Worth — a $145,000 difference on the median home.