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Cost of living: Riverside, CA vs Memphis, TN (2024)

Quick answer

Overall prices in the Riverside, CA metro were 106.4 vs 92.2 in Memphis, TN in 2024 (US = 100), so Riverside is 15.5% more expensive than Memphis; housing rents differ by 62% (129.3 vs 79.8). A $75,000 income in Riverside buys about what $64,950 buys in Memphis, per BEA.

✓ U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Price index (US = 100)RiversideMemphisRiverside vs Memphis
All items106.492.2+15.5%
Goods101.496.2+5.4%
Housing (rents)129.379.8+62.0%
Utilities148.674.1+100.6%
Other services101.395.4+6.2%
All items, 2008106.394.2+12.9%
$50,000 in Riverside equals in Memphis$43,300
$100,000 in Riverside equals in Memphis$86,600
$150,000 in Riverside equals in Memphis$129,900

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Last updated 2026-10-16. Data only, not financial or tax advice.

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