CostIndexUSA

Green Bay, WI vs Memphis, TN Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

WI
Green Bay
93.1
overall index
$1,000/mo rent
More AffordableTN
Memphis
92.2
overall index
$1,425/mo rent

Memphis is slightly cheaper than Green Bay — 1.0% lower overall cost of living.

To match an $80,000 salary in Green Bay, you would need $79,200 in Memphis. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing+6.8%
Green Bay
74.7
Memphis
79.8
🛒 Groceries+2.6%
Green Bay
93.8
Memphis
96.2
🚗 Transportation4.1%
Green Bay
104.4
Memphis
100.1
🏥 Healthcare4.0%
Green Bay
94.4
Memphis
90.6
Utilities17.7%
Green Bay
90
Memphis
74.1

Salary Equivalency Calculator

Enter your current salary in Green Bay to see what you'd need to earn in Memphis to maintain the same purchasing power.

$
Equivalent salary in Memphis, TN
$79,200
$800 less needed in Memphis

Formula: salary × (92.2 ÷ 93.1) = salary × 0.9903. Based on BEA Regional Price Parities.

Housing Market

Green Bay, WI

Median Home Price
$326,000
Median Monthly Rent
$1,000
Housing Index
74.7
Price-to-Rent Ratio
27.2×

Memphis, TN

Median Home Price
$238,000
Median Monthly Rent
$1,425
Housing Index
79.8
Price-to-Rent Ratio
13.9×

Memphis has 6.8% higher housing costs compared to Green Bay.

Income & Job Market

Green Bay, WI

Median Household Income
$76,200
Per Capita Income
$43,400
Unemployment Rate
2.1%
Population
107,395
Top Industries
ManufacturingHealthcareTourismFinanceRetail

Memphis, TN

Median Household Income
$64,000
Per Capita Income
$36,500
Unemployment Rate
5.7%
Population
633,104
Top Industries
LogisticsHealthcareManufacturingTourismGovernment

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Green Bay, WI
6.3×income-to-rent ratio

84% of income left after rent (median)

Memphis, TN
3.7×income-to-rent ratio

73% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.