Quality of Life in Memphis, TN for an Annual Income of $90,150

Cost of Living

• Average Cost of Living: Memphis is known for a relatively low cost of living compared to the national average.
  • Housing: Typically more affordable than many cities in the U.S., meaning housing will take up a smaller portion of income.
  • Utilities and Groceries: Generally aligns with national averages, allowing discretionary income to stretch further.
  • Transportation and Gas: Slightly lower than the national average, contributing to overall affordability.

Housing Market

• Home Prices:
  • The median home price in Memphis is considerably lower than the national median.
  • With an income of $90,150, purchasing a median-priced home is feasible without overstretching budget constraints.
• Renting Options:
  • Renting is also relatively affordable, offering a viable alternative for those not yet ready to buy.

Quality of Life

• Income Utilization:
  • With a salary of $90,150, an individual can comfortably afford essential expenses while also enjoying leisure activities.
  • Potential for savings and investments is higher than in cities with an elevated cost of living.
• Cultural and Recreational Activities:
  • Rich musical heritage, abundant parks, and a variety of dining and entertainment options enhance living experiences.
  • Local events and a strong community focus contribute to a well-rounded lifestyle.

Access to Healthcare

• Healthcare Facilities:
  • Memphis offers access to various healthcare facilities, including reputable hospitals and specialized care centers.
• Cost and Insurance:
  • Healthcare costs are around the national average, but affordable insurance plans are often available through employers.

Quality of K-12 Schools

• Education System:
  • Memphis hosts a mix of public and private schools with varying performance ratings.
  • School quality can differ significantly depending on the neighborhood.
• Opportunities for Education:
  • Numerous programs and extracurricular activities are available, though some may be better funded in different districts.

Assessment

Overall, a person earning $90,150 annually in Memphis, TN, can enjoy a higher quality of life due to the city's lower cost of living and affordable housing options. This income allows for a comfortable lifestyle with opportunities for savings, recreational activities, and cultural engagement. However, variability in school quality depending on the area remains a consideration for families with children. Access to healthcare maintains