Quick answer
Overall prices in the Cleveland, OH metro were 93.9 vs 92.2 in Memphis, TN in 2024 (US = 100), so Cleveland is 1.9% more expensive than Memphis; housing rents differ by 0% (79.4 vs 79.8). A $75,000 income in Cleveland buys about what $73,607 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Cleveland | Memphis | Cleveland vs Memphis |
|---|---|---|---|
| All items | 93.9 | 92.2 | +1.9% |
| Goods | 93.6 | 96.2 | -2.7% |
| Housing (rents) | 79.4 | 79.8 | -0.5% |
| Utilities | 96.0 | 74.1 | +29.5% |
| Other services | 98.9 | 95.4 | +3.7% |
| All items, 2008 | 92.6 | 94.2 | -1.7% |
| $50,000 in Cleveland equals in Memphis | $49,072 | ||
| $100,000 in Cleveland equals in Memphis | $98,143 | ||
| $150,000 in Cleveland equals in Memphis | $147,215 |
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Last updated 2026-10-16. Data only, not financial or tax advice.