Memphis, TN vs New Haven, CT: 68 vs 95

$1,123/mo ↓ 22%

Median Rent

$1,442/mo ↑ 28%

$51,211/yr ↓ 5%

Median Income

$53,771/yr ↑ 5%

$157,100 ↓ 37%

Home Value

$249,000 ↑ 58%

$1,087/mo ↓ 28%

Owner Costs

$1,520/mo ↑ 40%

629,063

Population

132,893

Detailed Comparison

When comparing Memphis, TN and New Haven, CT, the overall cost of living indices are 68 and 95 respectively (national median = 100). Rent is $319/month cheaper in Memphis, saving renters about $3,828/year.

Median household income is $2,560/year higher in New Haven. Home values also differ significantly — the median in Memphis is $157,100 compared to $249,000 in New Haven.

Tennessee has no state income tax, giving Memphis residents a significant tax advantage over Connecticut's 6.99% rate.

Frequently Asked Questions

Memphis vs New Haven — common questions

Is Memphis or New Haven cheaper to live in?

Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 95 (US average = 100).

What is the rent difference between Memphis and New Haven?

Median rent in Memphis is $1,123/month and in New Haven it's $1,442/month — a difference of $319/month.

Which city has higher income, Memphis or New Haven?

Median household income is $51,211 in Memphis and $53,771 in New Haven. Median household income is $2,560/year higher in New Haven.

How do taxes compare between Tennessee and Connecticut?

Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.

Should I move to Memphis or New Haven?

It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while New Haven has a cost index of 95 with rent of $1,442/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Memphis, TN vs New Haven, CT (2026)

Memphis

New Haven

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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