Quality of Life in Memphis, TN for an Income of $133,800

With an annual income of $133,800, an individual living in Memphis, Tennessee enjoys a relatively comfortable lifestyle. This income provides ample resources to navigate the cost of living in Memphis, which is generally lower compared to the national average. Below is an assessment of various aspects influencing quality of life in Memphis.

Cost of Living

• Overall Affordability

  • Memphis has a lower cost of living compared to major U.S. cities and the national average.
  • Essential expenses such as groceries, utilities, and transportation are relatively inexpensive.

• Personal Finance Management

  • With $133,800 per year, managing everyday costs and achieving financial goals like savings and investments are more manageable.

Housing Market

• Home Affordability

  • Median home prices in Memphis are considerably below the national median, facilitating home ownership for individuals with this income.
  • Affordable mortgage options and lower property taxes compared to many parts of the U.S. make home ownership attractive.

• Real Estate Opportunities

  • Availability of diverse housing options ranging from suburban homes to city apartments.
  • Strong rental market with reasonable rates for those preferring to rent.

Quality of Life

• Community and Cultural Scene

  • Rich cultural heritage with a vibrant music scene, including blues and rock 'n' roll roots.
  • Numerous parks, museums, and dining options contribute to a lively community lifestyle.

• Safety and Security

  • While some neighborhoods face challenges with crime, many areas in Memphis offer safe living environments.
  • Community initiatives and local government efforts are in place to enhance safety standards.

Access to Healthcare

• Healthcare Facilities

  • Home to several well-regarded hospitals, including Baptist Memorial Hospital and St. Jude Children’s Research Hospital.
  • Competitive healthcare costs allow for comprehensive medical coverage with higher-quality options.

• Healthcare Accessibility

  • A diverse range of medical specialists and healthcare providers enhances options for quality care.
  • Public and private health services are available, ensuring broad accessibility.

Quality of K-12 Schools

• Public Schools

  • Varying quality determined largely by neighborhood zoning; some public schools face resource constraints.
  • Several strong public school districts and magnet schools provide quality educational opportunities.

• Private Education Options

  • Numerous private and charter schools offer alternative educational opportunities, often with specialized programs.

• **Higher Education