Quick answer
Overall prices in the Memphis, TN metro were 92.2 vs 95.8 in Buffalo, NY in 2024 (US = 100), so Memphis is 3.8% less expensive than Buffalo; housing rents differ by 1% (79.8 vs 81.0). A $75,000 income in Memphis buys about what $77,982 buys in Buffalo, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Memphis | Buffalo | Memphis vs Buffalo |
|---|---|---|---|
| All items | 92.2 | 95.8 | -3.8% |
| Goods | 96.2 | 99.7 | -3.5% |
| Housing (rents) | 79.8 | 81.0 | -1.5% |
| Utilities | 74.1 | 129.5 | -42.8% |
| Other services | 95.4 | 97.8 | -2.4% |
| All items, 2008 | 94.2 | 97.0 | -2.9% |
| $50,000 in Memphis equals in Buffalo | $51,988 | ||
| $100,000 in Memphis equals in Buffalo | $103,976 | ||
| $150,000 in Memphis equals in Buffalo | $155,964 |
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Last updated 2026-10-16. Data only, not financial or tax advice.