New Orleans vs Memphis

Memphis is cheaper to live in overall. New Orleans has a cost of living index of 98 while Memphis has an index of 83, where 100 represents the US national average. Memphis is 15% cheaper than New Orleans overall.

The median 1-bedroom rent in New Orleans is $1,400 per month compared to $1,050 in Memphis. The median home price in New Orleans is $250,000 versus $175,000 in Memphis. Housing is typically the largest factor in cost of living differences between cities.

New Orleans has a cost of living index of 98 and Memphis has an index of 83, both measured against a US national average of 100. An index above 100 means more expensive than the national average — below 100 means cheaper.

To maintain the same purchasing power as a salary in New Orleans, multiply by 0.85. For example a $75,000 salary in New Orleans is equivalent to approximately $63,520 in Memphis.

New Orleans has a median household income of $45,615 per year versus $42,982 in Memphis. Higher incomes must be weighed against cost of living. Use the Dayblip salary tools to see specific job salaries in both cities.

Whether moving from New Orleans to Memphis is worthwhile depends on your salary, lifestyle, and priorities. Memphis is 15% cheaper overall — with the biggest difference in housing. Use the Dayblip cost of living calculator to enter your specific salary and see the exact dollar impact.