Quick answer
Overall prices in the Raleigh, NC metro were 98.2 vs 92.2 in Memphis, TN in 2024 (US = 100), so Raleigh is 6.5% more expensive than Memphis; housing rents differ by 30% (103.5 vs 79.8). A $75,000 income in Raleigh buys about what $70,432 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Raleigh | Memphis | Raleigh vs Memphis |
|---|---|---|---|
| All items | 98.2 | 92.2 | +6.5% |
| Goods | 96.6 | 96.2 | +0.4% |
| Housing (rents) | 103.5 | 79.8 | +29.7% |
| Utilities | 89.0 | 74.1 | +20.1% |
| Other services | 98.2 | 95.4 | +3.0% |
| All items, 2008 | 97.0 | 94.2 | +3.0% |
| $50,000 in Raleigh equals in Memphis | $46,955 | ||
| $100,000 in Raleigh equals in Memphis | $93,910 | ||
| $150,000 in Raleigh equals in Memphis | $140,865 |
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Last updated 2026-10-16. Data only, not financial or tax advice.