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Cost of living: Las Vegas, NV vs Memphis, TN (2024)

Quick answer

Overall prices in the Las Vegas, NV metro were 100.2 vs 92.2 in Memphis, TN in 2024 (US = 100), so Las Vegas is 8.7% more expensive than Memphis; housing rents differ by 45% (115.5 vs 79.8). A $75,000 income in Las Vegas buys about what $68,986 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)Las VegasMemphisLas Vegas vs Memphis
All items100.292.2+8.7%
Goods96.396.2+0.1%
Housing (rents)115.579.8+44.8%
Utilities90.674.1+22.3%
Other services98.795.4+3.5%
All items, 2008101.694.2+7.9%
$50,000 in Las Vegas equals in Memphis$45,991
$100,000 in Las Vegas equals in Memphis$91,981
$150,000 in Las Vegas equals in Memphis$137,972

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

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