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

Quick answer

Overall prices in the Sacramento, CA metro were 106.7 vs 92.2 in Memphis, TN in 2024 (US = 100), so Sacramento is 15.7% more expensive than Memphis; housing rents differ by 63% (130.2 vs 79.8). A $75,000 income in Sacramento buys about what $64,811 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)SacramentoMemphisSacramento vs Memphis
All items106.792.2+15.7%
Goods105.296.2+9.3%
Housing (rents)130.279.8+63.2%
Utilities151.374.1+104.2%
Other services100.395.4+5.1%
All items, 2008101.394.2+7.5%
$50,000 in Sacramento equals in Memphis$43,208
$100,000 in Sacramento equals in Memphis$86,415
$150,000 in Sacramento equals in Memphis$129,623

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

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