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Atlanta, GA vs Memphis, TN: Cost of Living

Compare the cost of living between Atlanta, GA and Memphis, TN. See the equivalent salary and median rent powered by BLS Regional Price Parities.

Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗
Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗

Atlanta, GA

GA

Overall RPP (US=100)
98.8
Housing RPP
107.4
Goods RPP
99.3
2-BR median rent
$1,844/mo

Georgia income tax 5.49% flat. No city income tax.

Memphis, TN

TN

Overall RPP (US=100)
91.8
Housing RPP
76.6
Goods RPP
94.3
2-BR median rent
$1,298/mo

Tennessee has no state income tax on wages.

Equivalent salary

Memphis, TN is cheaper than Atlanta, GA by about 7.1% (RPP 98.8 to 91.8).

$60,000 in Atlanta, GA

-> $55,749

in Memphis, TN

$100,000 in Atlanta, GA

-> $92,915

in Memphis, TN

$150,000 in Atlanta, GA

-> $139,372

in Memphis, TN

This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.

Migration signal: Atlanta, GA vs Memphis, TN

IRS tax-return migration · 2021-2022

Atlanta, GA

Net people
+17,865
Net rank
#10 of 65
Top origin share
1%
Top destination share
2%

Largest source: Hall County, GA. Largest destination: Hall County, GA.

Memphis, TN

Net people
−4,235
Net rank
#41 of 65
Top origin share
1%
Top destination share
2%

Largest source: Davidson County, TN. Largest destination: Davidson County, TN.

Rent delta: Memphis, TN is $546/mo lower for HUD FY2024 2-BR FMR than Atlanta, GA. Housing RPP moves from 107.4 to 76.6.

Migration figures are derived from IRS SOI county-to-county migration data for 2021-2022, mapped to metros via Census CBSA delineation. Small county-to-county flows are IRS-suppressed, so per-metro totals are lower bounds. Source: IRS SOI migration data.

Frequently asked questions

Is Memphis, TN cheaper or more expensive than Atlanta, GA?
Memphis, TN (RPP 91.8) is cheaper than Atlanta, GA (RPP 98.8) by about 7.1%.
What salary do I need in Memphis, TN if I earn $100,000 in Atlanta, GA?
You would need approximately $92,915 in Memphis, TN to maintain the same purchasing power as $100,000 in Atlanta, GA. Formula: $100,000 x (91.8 / 98.8).
Which metro had stronger net migration, Atlanta, GA or Memphis, TN?
For 2021-2022, Atlanta, GA had a net gain of 17,865 people, while Memphis, TN had a net loss of 4,235 people. IRS small-flow suppression means these are lower-bound research signals, not complete population-change totals.

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