Quick answer
Overall prices in the Austin, TX metro were 98.1 vs 92.2 in Memphis, TN in 2024 (US = 100), so Austin is 6.4% more expensive than Memphis; housing rents differ by 51% (120.4 vs 79.8). A $75,000 income in Austin buys about what $70,498 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Austin | Memphis | Austin vs Memphis |
|---|---|---|---|
| All items | 98.1 | 92.2 | +6.4% |
| Goods | 93.8 | 96.2 | -2.6% |
| Housing (rents) | 120.4 | 79.8 | +50.8% |
| Utilities | 82.0 | 74.1 | +10.7% |
| Other services | 96.2 | 95.4 | +0.9% |
| All items, 2008 | 99.6 | 94.2 | +5.7% |
| $50,000 in Austin equals in Memphis | $46,998 | ||
| $100,000 in Austin equals in Memphis | $93,997 | ||
| $150,000 in Austin equals in Memphis | $140,995 |
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Last updated 2026-10-16. Data only, not financial or tax advice.