Quality of Life in Memphis, TN

Income Context

• Annual Income: $73,350 per year
• Comparison: This income is relatively close to the median household income in the United States, providing a good baseline for comparison to the national average.

Cost of Living

• Overall Cost of Living: Memphis boasts a lower cost of living compared to many other U.S. cities.
• Groceries and Utilities: These essentials tend to be more affordable than in major metropolitan areas.
• Transportation: Costs are moderate, with public transportation options available but primarily car-dependent.

Housing Market

• Median Home Price: Significantly lower than the national average, providing more opportunity for homeownership.
• Rental Market: Rents are generally affordable, allowing for comfortable living without excessive financial strain if home-buying isn't preferable.

Quality of Life

• Cultural Scene: Rich musical heritage and cultural events create a vibrant social life.
• Outdoor Activities: Access to parks and proximity to the Mississippi River support a variety of recreational activities.
• Community: Known for friendly communities and a slower pace of life, enhancing personal wellbeing.

Healthcare Access

• Healthcare Facilities: Presence of several reputable hospitals and clinics.
• Affordability: Healthcare services are generally affordable, though the quality can vary by facility.

Quality of K-12 Schools

• Public Schools: Mixed reviews; some schools perform well while others struggle in standardized testing.
• Private Education: Numerous private school options provide alternatives for families seeking different educational opportunities.

Living in Memphis, TN, with an annual income of $73,350 affords a relatively comfortable lifestyle due to the city's lower cost of living and affordable housing market. With rich cultural offerings and various recreational activities, residents enjoy a good quality of life. While access to healthcare is considerable, educational quality can vary, prompting some to explore private schooling options. Overall, Memphis presents an attractive option for individuals and families seeking to balance affordability with lifestyle.