Quality of Life in Memphis, TN with a Salary of $138,525
An income of $138,525 in Memphis positions an individual or family comfortably compared to many parts of the United States. Let's break down the key factors that influence the quality of life for someone earning this salary in Memphis.
Cost of Living
- Overall Affordability: Memphis is known for its relatively low cost of living compared to the national average. Essentials such as groceries, utilities, and transportation are generally more affordable.
- Utilities: Utility costs are typically lower than the national average, providing additional savings.
- Transportation: With a reliable public transportation system and reasonable gas prices, transportation costs in Memphis are manageable.
Housing Market
- Affordable Housing: The median home price in Memphis is significantly lower than the national average, making homeownership more attainable with a salary of $138,525.
- Rental Costs: Renters will also find competitive rates, with rental prices considerably below those found in larger cities.
Quality of Life
- Cultural and Recreational Activities: Memphis offers a rich cultural scene, including music, museums, and sports, enhancing the overall quality of life.
- Community and Diversity: The city boasts diverse communities, providing a wide range of cultural experiences and eateries.
- Traffic and Commute: Commute times are relatively short, improving personal time and reducing stress from long travel hours.
Access to Healthcare
- Healthcare Facilities: Memphis is home to several reputable hospitals and healthcare facilities, providing quality care.
- Healthcare Costs: While healthcare costs can vary, Memphis is considered more affordable than many major U.S. cities.
Quality of K-12 Schools
- Public Schools: The quality of public education can vary, with some schools performing better than others. It's crucial for families to research specific school districts.
- Private Education Options: There are numerous private and charter schools that offer alternative educational opportunities for families seeking different curricula.
Assessment
A salary of $138,525 in Memphis, TN, offers a high quality of life considering the affordable cost of living and competitive housing market. Access to cultural amenities, reasonable healthcare, and diverse educational options further enhance the living experience. While challenges such as disparities in public school quality exist, the overall lifestyle supported by this income is favorable and comparable to other regions in the United States.
