Cost of Living in Manchester, TN

Population 12,651 · Tennessee · Data vintage 2023

70
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Manchester sits on the smaller end of the Tennessee city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.9% — below most comparable cities in the state.

Located 35 miles southeast of Murfreesboro, Manchester falls within that metro's commuting orbit. Median home values run roughly 41% lower than Murfreesboro's $365,000.

Cost Overview

Housing 71
Rent 68

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Manchester

The median home value in Manchester is $215,700 — 29% below the national median of $305,000. Median rent runs $897/month, 32% lower than the national median of $1,314/month. The median household income of $55,019/year is 26% lower than the US median of $74,580. The local unemployment rate is 1.9%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. Overall, Manchester has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value
$215,700
29% below avg
Zillow Home Value
$320,918
Zillow ZHVI
Median Rent
$897/mo
32% below avg
Zillow Rent
$1,646/mo
Zillow ZORI
Price-to-Rent Ratio
20.0x
Favors buying
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$809
2 BR
$948
3 BR
$1,265
4 BR
$1,510
Owner-occupied 54.9%
Renter-occupied 45.1%

💰 Estimated Monthly Budget

Rent median rent
$897
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,511/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
28.4 min
5% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.3%

Commute Mode

Drove alone
73.2%
Carpooled
17.4%
Walked
2.4%
Work from home
6.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.6%
State rate 7.0%
Avg local rate 2.5%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$55,019
26% below avg
Per Capita Income
$27,514
Unemployment Rate
1.9%
61% below avg
Poverty Rate
15.8%
Labor Force Participation
62.3%

🎓 Education

Bachelor's degree+ 14.8%
Graduate degree 11.0%

👥 Demographics

Median Age 32.5
Male median age 30.8
Female median age 35.9

🏫 Schools

NCES CCD 2019 — public school district data

93%
4-Year Graduation Rate
14.9:1
Student-teacher ratio
13
Public schools
5,777
Total enrollment

Frequently Asked Questions

What is the cost of living in Manchester, TN?

Manchester has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Manchester, TN?

The median gross rent in Manchester is $897 per month based on 2023 Census data.

What is the average home price in Manchester?

The median home value in Manchester is $215,700 according to Zillow and Census data.

What is the median income in Manchester?

The median household income in Manchester is $55,019 per year (2023 ACS 5-year estimates).

What is the sales tax in Manchester, TN?

The combined state and local sales tax rate in Manchester is 9.6%. Tennessee has no state income tax.

Is Manchester, TN affordable?

Yes, Manchester is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.