Cost of Living: Memphis, TN vs Manchester, NH (2026)

Memphis

Tennessee
68
VS

Manchester

New Hampshire
106

Memphis is 36% cheaper than Manchester.

$1,123/mo ↓ 23%
Median Rent
$1,465/mo ↑ 30%
$51,211/yr ↓ 34%
Median Income
$77,415/yr ↑ 51%
$157,100 ↓ 53%
Home Value
$336,300 ↑ 114%
$1,087/mo ↓ 30%
Owner Costs
$1,548/mo ↑ 42%
629,063
Population
115,415

Tax Comparison

0%
Income Tax
0%
7.0%
State Sales Tax
0%
0.64%
Property Tax
1.86%

Affordability

26.3%
rent-to-income
Affordability
22.7%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Manchester, NH, the overall cost of living indices are 68 and 106 respectively (national median = 100). Rent is $342/month cheaper in Memphis, saving renters about $4,104/year.

Median household income is $26,204/year higher in Manchester. Home values also differ significantly — the median in Memphis is $157,100 compared to $336,300 in Manchester.

Frequently Asked Questions

Memphis vs Manchester — common questions

Is Memphis or Manchester cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 106 (US average = 100).
What is the rent difference between Memphis and Manchester?
Median rent in Memphis is $1,123/month and in Manchester it's $1,465/month — a difference of $342/month.
Which city has higher income, Memphis or Manchester?
Median household income is $51,211 in Memphis and $77,415 in Manchester. Median household income is $26,204/year higher in Manchester.
How do taxes compare between Tennessee and New Hampshire?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. New Hampshire has 0% income tax, 0% sales tax, and 1.86% property tax.
Should I move to Memphis or Manchester?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Manchester has a cost index of 106 with rent of $1,465/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Manchester details →

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