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Cost of living: Denver, CO vs Memphis, TN (2024)

Quick answer

Overall prices in the Denver, CO metro were 105.8 vs 92.2 in Memphis, TN in 2024 (US = 100), so Denver is 14.8% more expensive than Memphis; housing rents differ by 84% (146.9 vs 79.8). A $75,000 income in Denver buys about what $65,355 buys in Memphis, per BEA.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Price index (US = 100)DenverMemphisDenver vs Memphis
All items105.892.2+14.8%
Goods101.096.2+4.9%
Housing (rents)146.979.8+84.1%
Utilities87.974.1+18.6%
Other services99.495.4+4.3%
All items, 2008105.894.2+12.3%
$50,000 in Denver equals in Memphis$43,570
$100,000 in Denver equals in Memphis$87,141
$150,000 in Denver equals in Memphis$130,711

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Last updated 2026-10-16. Data only, not financial or tax advice.

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