Quick answer
Overall prices in the Nashville, TN metro were 96.3 vs 92.2 in Memphis, TN in 2024 (US = 100), so Nashville is 4.5% more expensive than Memphis; housing rents differ by 31% (104.6 vs 79.8). A $75,000 income in Nashville buys about what $71,762 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Nashville | Memphis | Nashville vs Memphis |
|---|---|---|---|
| All items | 96.3 | 92.2 | +4.5% |
| Goods | 96.2 | 96.2 | +0.0% |
| Housing (rents) | 104.6 | 79.8 | +31.1% |
| Utilities | 72.0 | 74.1 | -2.9% |
| Other services | 95.1 | 95.4 | -0.2% |
| All items, 2008 | 95.7 | 94.2 | +1.6% |
| $50,000 in Nashville equals in Memphis | $47,841 | ||
| $100,000 in Nashville equals in Memphis | $95,683 | ||
| $150,000 in Nashville equals in Memphis | $143,524 |
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Last updated 2026-10-16. Data only, not financial or tax advice.