Quick answer
Overall prices in the St. Louis, MO metro were 95.1 vs 92.2 in Memphis, TN in 2024 (US = 100), so St. Louis is 3.2% more expensive than Memphis; housing rents differ by 1% (79.0 vs 79.8). A $75,000 income in St. Louis buys about what $72,706 buys in Memphis, per BEA.
Data as of 2024. Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024
| Price index (US = 100) | St. Louis | Memphis | St. Louis vs Memphis |
|---|---|---|---|
| All items | 95.1 | 92.2 | +3.2% |
| Goods | 100.0 | 96.2 | +3.9% |
| Housing (rents) | 79.0 | 79.8 | -1.0% |
| Utilities | 69.9 | 74.1 | -5.6% |
| Other services | 98.6 | 95.4 | +3.4% |
| All items, 2008 | 91.0 | 94.2 | -3.4% |
| $50,000 in St. Louis equals in Memphis | $48,470 | ||
| $100,000 in St. Louis equals in Memphis | $96,941 | ||
| $150,000 in St. Louis equals in Memphis | $145,411 |
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Last updated 2026-10-16. Data only, not financial or tax advice.