Quality of Life in Memphis, TN for an Individual Earning $133,125 Annually

Understanding the quality of life in Memphis, TN for someone earning $133,125 per year requires an analysis of several factors such as the cost of living, housing market, healthcare access, and education quality compared to the national average.

Cost of Living

• Overall Affordability:

  • Memphis is known for its relatively low cost of living compared to many other U.S. cities. This makes a salary of $133,125 quite comfortable.
  • The cost of essential goods and services, including groceries and transportation, is below the national average.

• Comparison with National Average:

  • The cost of living in Memphis is approximately 12% lower than the U.S. average, enhancing purchasing power.

Housing Market

• Home Prices:

  • The median home price in Memphis is considerably lower than the national median. As of late 2023, it hovers around $200,000, making real estate an attractive investment.
  • With a salary of $133,125, individuals can afford a comfortable home in desirable neighborhoods without financial strain.

• Rent Options:

  • For those not looking to purchase, rental prices are also reasonable, offering quality living spaces at lower costs compared to urban centers like New York or Los Angeles.

Quality of Life

• Lifestyle and Amenities:

  • Memphis offers a rich cultural scene with music, historical landmarks, and southern cuisine being highlights.
  • The city has multiple parks and outdoor activities, supporting a balanced lifestyle.

• Safety Concerns:

  • Crime rates in Memphis may be higher than some U.S. cities, which can affect perceptions of safety and quality of life.

Access to Healthcare

• Healthcare Facilities:

  • Memphis is home to several reputable hospitals and healthcare facilities, including the renowned St. Jude Children's Research Hospital.

• Healthcare Costs:

  • Healthcare expenses are moderately priced, aligning closely with the national average. This ensures that accessing quality medical care is feasible for those earning $133,125.

Quality of K-12 Schools

• Public and Private Education:
  • The quality of public schools can vary widely, with some schools performing above average while others struggle.
  • A considerable number of private schooling options are available, often offering a higher standard of education, which is affordable on a $133