Quick answer
Overall prices in the Memphis, TN metro were 92.2 vs 100.9 in Salt Lake City, UT in 2024 (US = 100), so Memphis is 8.6% less expensive than Salt Lake City; housing rents differ by 35% (79.8 vs 123.3). A $75,000 income in Memphis buys about what $82,070 buys in Salt Lake City, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | Memphis | Salt Lake City | Memphis vs Salt Lake City |
|---|---|---|---|
| All items | 92.2 | 100.9 | -8.6% |
| Goods | 96.2 | 96.4 | -0.2% |
| Housing (rents) | 79.8 | 123.3 | -35.3% |
| Utilities | 74.1 | 79.0 | -6.2% |
| Other services | 95.4 | 99.0 | -3.6% |
| All items, 2008 | 94.2 | 98.5 | -4.4% |
| $50,000 in Memphis equals in Salt Lake City | $54,713 | ||
| $100,000 in Memphis equals in Salt Lake City | $109,426 | ||
| $150,000 in Memphis equals in Salt Lake City | $164,139 |
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Last updated 2026-10-16. Data only, not financial or tax advice.