Quick answer
Overall prices in the Minneapolis, MN metro were 104.8 vs 92.2 in Memphis, TN in 2024 (US = 100), so Minneapolis is 13.7% more expensive than Memphis; housing rents differ by 40% (111.8 vs 79.8). A $75,000 income in Minneapolis buys about what $65,954 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Minneapolis | Memphis | Minneapolis vs Memphis |
|---|---|---|---|
| All items | 104.8 | 92.2 | +13.7% |
| Goods | 103.1 | 96.2 | +7.1% |
| Housing (rents) | 111.8 | 79.8 | +40.1% |
| Utilities | 93.5 | 74.1 | +26.2% |
| Other services | 104.4 | 95.4 | +9.5% |
| All items, 2008 | 102.9 | 94.2 | +9.3% |
| $50,000 in Minneapolis equals in Memphis | $43,969 | ||
| $100,000 in Minneapolis equals in Memphis | $87,939 | ||
| $150,000 in Minneapolis equals in Memphis | $131,908 |
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Last updated 2026-10-16. Data only, not financial or tax advice.