Quality of Life Assessment for Memphis, TN

Income Context

• Annual Salary: $80,175
• Median Household Income (US): Approximately $70,000

Cost of Living

• Overall Living Cost: Below the national average
  • Affordable groceries, transportation, and healthcare compared to other large cities.
• Utilities: Slightly higher than the national average, influenced by hot summers.
• Sales Tax: Around 9.75%, one of the highest in the country.

Housing Market

• Median Home Price: Significantly lower than the national average
  • Offers a considerable range of affordable options for homebuyers.
• Rental Market: Relatively affordable, with median rents below the national figures.
• Property Taxes: Generally moderate, enhancing affordability for homeowners.

Quality of Life

• Community: Rich cultural history with vibrant music and art scenes.
• Outdoor Activities: Access to parks and the Mississippi River for recreational activities.
• Dining and Entertainment: Diverse culinary scene and entertainment options, particularly known for barbecue and music festivals.
• Crime Rate: Higher than the national average, impacting perceptions of safety.

Access to Healthcare

• Healthcare Facilities: Home to reputable hospitals and healthcare institutions.
• Cost: Medical expenses are slightly below the national average.
• Health Outcomes: Mixed, with some disparities in health conditions and access.

Quality of K-12 Schools

• Public School System: Mixed performance, with some schools excelling while others struggle.
• Private and Charter Schools: Provide alternative options, often with better outcomes.
• Educational Initiatives: Ongoing efforts to improve educational quality and resources for students.

Summary

Living in Memphis, TN, on an income of $80,175 offers a relatively comfortable quality of life, especially given the more affordable cost of housing and living expenses compared to the national averages. The city boasts a rich cultural scene and diverse amenities, though safety concerns and variable school performance can impact overall perceptions. Access to healthcare is decent, but disparities exist in outcomes and accessibility, suggesting areas for improvement. Such an income allows for a balance between comfortable living and enjoying the cultural and recreational offerings of Memphis.