Quality of Life in Memphis, TN with an Annual Salary of $90,525
Individuals earning an annual salary of $90,525 in Memphis, TN can expect a comfortable lifestyle relative to the local cost of living and housing market. Here's how various aspects compare with the broader United States:
Cost of Living
- Overall Affordability: Memphis has a cost of living that is generally lower than the national average. This allows residents earning $90,525 per year to enjoy a favorable lifestyle.
- Groceries and Dining: Costs for groceries and dining out are moderately lower compared to many other U.S. cities, providing more discretionary spending potential.
- Transportation and Utilities: Both utilities and transportation expenses are reasonable, contributing to the overall affordability of living in Memphis.
Housing Market
- Home Prices: The median home price in Memphis is significantly lower than the national median. This makes home ownership more accessible and allows individuals with a $90,525 income to consider larger or more desirable properties.
- Rental Market: Renting is also affordable, with prices below the national average, providing flexible living options.
Quality of Life
- Community and Culture: Memphis offers a rich cultural scene, vibrant music heritage, and diverse community events that enhance the quality of life.
- Outdoor and Recreational Spaces: With parks, the Mississippi River, and various recreational areas, residents have ample opportunities for outdoor activities.
Access to Healthcare
- Healthcare Facilities: Memphis is home to several respected hospitals and medical facilities, providing quality healthcare services.
- Healthcare Costs: While costs might vary, the overall expenses for healthcare are generally in line with or slightly below national averages.
Quality of K-12 Schools
- Public Education: The quality of public schools in Memphis varies, with some schools performing at or above the average and others needing improvements.
- Private and Charter Schools: There are multiple private and charter school options available, offering a range of educational choices for families seeking alternative schooling options.
Summary
Overall, an individual earning $90,525 annually in Memphis, TN can expect a high quality of life due to the city's lower cost of living, affordable housing market, and rich cultural offerings. The availability of quality healthcare facilities and diverse educational options further enhances life in the region. Residents can achieve a comfortable and well-rounded lifestyle within this income bracket, enjoying the advantages of Memphis without the financial pressures found in
