Quick answer
Overall prices in the Baltimore, MD metro were 104.5 vs 92.2 in Memphis, TN in 2024 (US = 100), so Baltimore is 13.4% more expensive than Memphis; housing rents differ by 48% (118.2 vs 79.8). A $75,000 income in Baltimore buys about what $66,165 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Baltimore | Memphis | Baltimore vs Memphis |
|---|---|---|---|
| All items | 104.5 | 92.2 | +13.4% |
| Goods | 102.4 | 96.2 | +6.4% |
| Housing (rents) | 118.2 | 79.8 | +48.1% |
| Utilities | 110.2 | 74.1 | +48.7% |
| Other services | 101.5 | 95.4 | +6.4% |
| All items, 2008 | 106.4 | 94.2 | +12.9% |
| $50,000 in Baltimore equals in Memphis | $44,110 | ||
| $100,000 in Baltimore equals in Memphis | $88,221 | ||
| $150,000 in Baltimore equals in Memphis | $132,331 |
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Last updated 2026-10-16. Data only, not financial or tax advice.