Quality of Life in Memphis, TN on a $135,375 Salary
Overview
Living in Memphis, TN with an annual income of $135,375 offers a comfortable lifestyle when compared to many other cities across the United States. This salary allows for an above-average standard of living in Memphis due to the relatively moderate cost of living and competitive housing prices.
Cost of Living
- General Cost: Memphis has a lower cost of living compared to the national average. This includes savings in areas such as groceries, utilities, and transportation.
- Living Expenses: Everyday expenses such as dining out, entertainment, and personal care services are also typically cheaper in Memphis compared to larger metropolitan areas.
Housing Market
- Home Prices: The median home price in Memphis is significantly below the national average, making homeownership more accessible for individuals earning $135,375 per year.
- Rent: For those not seeking to buy, rental costs are also generally lower than the national average, offering affordable options for high-quality apartments in desirable neighborhoods.
Quality of Life
- Community and Culture: Memphis is known for its rich cultural scene, including a vibrant music history and numerous festivals.
- Recreational Activities: The city offers a variety of recreational options such as parks, museums, and the nearby Mississippi River, enhancing the quality of life for residents.
Access to Healthcare
- Healthcare Facilities: Memphis is home to reputable healthcare institutions, providing access to quality medical care and specialized services.
- Affordability: While healthcare costs can be high, the city's relatively low overall cost of living offsets some expenses associated with healthcare services.
Quality of K-12 Schools
- Public Schools: The quality of public education varies, with some well-performing schools alongside others that face challenges. Parent involvement and school choice programs can influence the schooling experience.
- Private and Charter Schools: There are also several high-quality private and charter schools available, offering additional educational opportunities for families.
Summary
Someone earning $135,375 annually in Memphis benefits from:
- An affordable cost of living, allowing for financial flexibility.
- Favorable housing market conditions, whether seeking to rent or purchase a home.
- Access to diverse cultural and recreational activities that enhance quality of life.
- Availability of quality healthcare services.
- A range of educational options for children, with opportunities for involvement in the local school community.
Overall, Memphis offers a comfortable and enriching lifestyle for residents at this income level,
