Quick answer
Overall prices in the Providence, RI metro were 101.8 vs 92.2 in Memphis, TN in 2024 (US = 100), so Providence is 10.4% more expensive than Memphis; housing rents differ by 30% (103.9 vs 79.8). A $75,000 income in Providence buys about what $67,930 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Providence | Memphis | Providence vs Memphis |
|---|---|---|---|
| All items | 101.8 | 92.2 | +10.4% |
| Goods | 97.1 | 96.2 | +0.9% |
| Housing (rents) | 103.9 | 79.8 | +30.1% |
| Utilities | 148.8 | 74.1 | +100.8% |
| Other services | 102.3 | 95.4 | +7.2% |
| All items, 2008 | 103.7 | 94.2 | +10.1% |
| $50,000 in Providence equals in Memphis | $45,287 | ||
| $100,000 in Providence equals in Memphis | $90,573 | ||
| $150,000 in Providence equals in Memphis | $135,860 |
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Last updated 2026-10-16. Data only, not financial or tax advice.