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

Memphis

Tennessee
68
VS

Stamford

Connecticut
172

Memphis is 60% cheaper than Stamford.

$1,123/mo ↓ 49%
Median Rent
$2,207/mo ↑ 97%
$51,211/yr ↓ 52%
Median Income
$107,474/yr ↑ 110%
$157,100 ↓ 74%
Home Value
$614,300 ↑ 291%
$1,087/mo ↓ 54%
Owner Costs
$2,358/mo ↑ 117%
629,063
Population
135,806

Tax Comparison

0%
Income Tax
6.99%
7.0%
State Sales Tax
6.35%
0.64%
Property Tax
2.15%

Affordability

26.3%
rent-to-income
Affordability
24.6%
rent-to-income

Detailed Comparison

When comparing Memphis, TN and Stamford, CT, the overall cost of living indices are 68 and 172 respectively (national median = 100). Rent is $1,084/month cheaper in Memphis, saving renters about $13,008/year.

Median household income is $56,263/year higher in Stamford. Home values also differ significantly — the median in Memphis is $157,100 compared to $614,300 in Stamford.

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

Frequently Asked Questions

Memphis vs Stamford — common questions

Is Memphis or Stamford cheaper to live in?
Based on our cost index, Memphis is cheaper to live in with an index of 68 compared to 172 (US average = 100).
What is the rent difference between Memphis and Stamford?
Median rent in Memphis is $1,123/month and in Stamford it's $2,207/month — a difference of $1,084/month.
Which city has higher income, Memphis or Stamford?
Median household income is $51,211 in Memphis and $107,474 in Stamford. Median household income is $56,263/year higher in Stamford.
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 Stamford?
It depends on your priorities. Memphis has a cost index of 68 with median rent of $1,123/mo, while Stamford has a cost index of 172 with rent of $2,207/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Memphis details → View Stamford details →

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