City comparison
Memphis, TN vs Olympia, WA
What a paycheck is really worth in each city: prices, rent, state taxes and federal GS pay.
Key findings
- Prices in Olympia, WA are 12.5% higher than in Memphis, TN. Someone earning $100,000 in Memphis, TN would need about $112,500 in Olympia, WA to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,682 a month in Olympia, WA versus $1,154 in Memphis, TN. On $100,000, that's 25% of take-home pay in Olympia, WA and 17% in Memphis, TN.
- Estimated state income tax on $100,000 is close: $0 a year in TN and $0 in WA.
- For federal employees, locality pay changes a GS-13 step 1 salary by +12.4% moving from Memphis, TN to Olympia, WA ($106,437 → $119,630), while prices change by +12.5%. Net effect of the transfer: −0.1% in real buying power.
- Memphis, TN: price level 92.2 (cheaper)
- Olympia, WA: price level 103.7 (pricier)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Memphis, TN | Olympia, WA | |
|---|---|---|
| Price level (U.S. = 100)2 | 92.2 | 103.7 |
| $100,000 is worth, in the other city2 | $112,466 in Olympia | $88,916 in Memphis |
| Typical 1-bedroom rent3 | $1,154/mo | $1,682/mo |
| Take-home on $100,00014,15,8 | $79,180 | $79,180 |
| State income tax on $100,000 (estimate)8 | $0 (TN) | $0 (WA) |
| Rent burden on $100,000 | 17% | 25% |
| Median pay, all jobs4 | $46,890 | $61,960 |
| Federal locality pay area7 | Rest of U.S. | Seattle-Tacoma, WA |
Rent areas: Memphis, TN-MS-AR HUD Metro FMR Area and Olympia-Lacey-Tumwater, WA MSA. Metro areas: Memphis, TN-MS-AR and Olympia-Lacey-Tumwater, WA.
What costs more or less
| Price level (U.S. = 100) | Memphis | Olympia |
|---|---|---|
| Housing (rent) | 79.8 | 116.7 |
| Goods | 96.2 | 105.0 |
| Utilities | 74.1 | 91.7 |
| Other services | 95.4 | 99.5 |
| Overall | 92.2 | 103.7 |
Moving with the same $100,000 salary
Memphis, TN → Olympia, WA
Same pay buys less
Buying power −11.1%; rent takes 25% of take-home; state tax +$0/yr.
37 Weak offer
Olympia, WA → Memphis, TN
Same pay goes further
Buying power +12.5%; rent takes 17% of take-home; state tax +$0/yr.
100 Strong offer
Federal employees: GS pay
Memphis, TN is in the Rest of U.S. pay area; Olympia, WA is in Seattle-Tacoma, WA. The last column shows what a transfer from Memphis, TN to Olympia, WA at the same grade and step does to real buying power.
| Grade5,2 | Memphis, TN | Olympia, WA | Real change, Memphis → Olympia |
|---|---|---|---|
| GS-9 step 1 | $61,722 | $69,373 | −0.1% |
| GS-11 step 1 | $74,678 | $83,935 | −0.1% |
| GS-12 step 1 | $89,508 | $100,602 | −0.1% |
| GS-13 step 1 | $106,437 | $119,630 | −0.1% |
| GS-14 step 1 | $125,776 | $141,367 | −0.1% |
Pay for common jobs
| Median annual pay4 | Memphis, TN | Olympia, WA | Olympia pay in Memphis dollars |
|---|---|---|---|
| Information Security Analysts | $97,370 | $126,850 | $112,790 (+15.8%) |
| Software Developers | $125,580 | $124,060 | $110,309 (−12.2%) |
| Accountants and Auditors | $76,960 | $94,470 | $83,999 (+9.1%) |
| Registered Nurses | $81,500 | $125,020 | $111,163 (+36.4%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.