Quick answer
Overall prices in the Memphis, TN metro were 92.2 vs 91.6 in Birmingham, AL in 2024 (US = 100), so Memphis is 0.6% more expensive than Birmingham; housing rents differ by 11% (79.8 vs 71.9). A $75,000 income in Memphis buys about what $74,565 buys in Birmingham, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Memphis | Birmingham | Memphis vs Birmingham |
|---|---|---|---|
| All items | 92.2 | 91.6 | +0.6% |
| Goods | 96.2 | 96.4 | -0.2% |
| Housing (rents) | 79.8 | 71.9 | +11.1% |
| Utilities | 74.1 | 83.8 | -11.6% |
| Other services | 95.4 | 96.7 | -1.4% |
| All items, 2008 | 94.2 | 92.7 | +1.6% |
| $50,000 in Memphis equals in Birmingham | $49,710 | ||
| $100,000 in Memphis equals in Birmingham | $99,420 | ||
| $150,000 in Memphis equals in Birmingham | $149,129 |
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Last updated 2026-10-16. Data only, not financial or tax advice.