Quick answer
Overall prices in the Milwaukee, WI metro were 96.9 vs 92.2 in Memphis, TN in 2024 (US = 100), so Milwaukee is 5.2% more expensive than Memphis; housing rents differ by 22% (97.1 vs 79.8). A $75,000 income in Milwaukee buys about what $71,319 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Milwaukee | Memphis | Milwaukee vs Memphis |
|---|---|---|---|
| All items | 96.9 | 92.2 | +5.2% |
| Goods | 93.8 | 96.2 | -2.5% |
| Housing (rents) | 97.1 | 79.8 | +21.7% |
| Utilities | 91.6 | 74.1 | +23.6% |
| Other services | 99.4 | 95.4 | +4.2% |
| All items, 2008 | 97.7 | 94.2 | +3.7% |
| $50,000 in Milwaukee equals in Memphis | $47,546 | ||
| $100,000 in Milwaukee equals in Memphis | $95,092 | ||
| $150,000 in Milwaukee equals in Memphis | $142,637 |
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Last updated 2026-10-16. Data only, not financial or tax advice.