Memphis, TN vs. San Francisco, CA: Cost of Living
Side-by-side comparison of Memphis and San Francisco, built from Census Bureau ACS 2020-2024 estimates.
The numbers
| Measure | Memphis, TN | San Francisco, CA | Difference |
|---|---|---|---|
| Population | 618,980 | 830,235 | +34.1% |
| Median household income | $51,736 | $140,970 | +172.5% |
| Median gross rent (monthly) | $1,181 | $2,476 | +109.7% |
| Median home value | $169,000 | $1,394,500 | +725.1% |
Difference is San Francisco, CA relative to Memphis, TN.
Purchasing power
Using state-level price parities (BEA RPP 2024: Tennessee 91.9, California 110.7, U.S. = 100), a $100,000 salary in Memphis, TN buys about as much as $120,518 in San Francisco, CA.
State-level price index; city prices within a state vary. See methodology.
Housing affordability
| Measure | Memphis, TN | San Francisco, CA |
|---|---|---|
| Salary needed for median rent (30% rule) | $47,240 | $99,040 |
| Rent burden at local median income | 27.4% | 21.1% |
| Est. affordable home price at median income | $188,730 | $514,249 |
Home price assumes 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI, 1.5%/yr taxes+insurance. Not financial advice.
Full city profiles
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.