Quick answer
Overall prices in the Memphis, TN metro were 92.2 vs 92.6 in New Orleans, LA in 2024 (US = 100), so Memphis is 0.5% less expensive than New Orleans; housing rents differ by 7% (79.8 vs 86.0). A $75,000 income in Memphis buys about what $75,340 buys in New Orleans, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Memphis | New Orleans | Memphis vs New Orleans |
|---|---|---|---|
| All items | 92.2 | 92.6 | -0.5% |
| Goods | 96.2 | 93.7 | +2.7% |
| Housing (rents) | 79.8 | 86.0 | -7.2% |
| Utilities | 74.1 | 71.2 | +4.0% |
| Other services | 95.4 | 95.7 | -0.3% |
| All items, 2008 | 94.2 | 98.2 | -4.1% |
| $50,000 in Memphis equals in New Orleans | $50,227 | ||
| $100,000 in Memphis equals in New Orleans | $100,453 | ||
| $150,000 in Memphis equals in New Orleans | $150,680 |
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Last updated 2026-10-16. Data only, not financial or tax advice.