Quality of Life in Memphis, TN
Income and Cost of Living
- Annual Income: $154,575 per year
- Cost of Living:
- Generally lower than the national average.
- Memphis ranks as one of the more affordable larger cities in the U.S.
- Groceries, utilities, and transportation costs are comparatively lower.
Housing Market
- Median Home Price: Significantly lower than the national average, making it easier for higher-income individuals to afford larger or more luxurious homes.
- Market Conditions:
- Currently experiencing moderate growth, which maintains affordability.
- Lower property taxes compared to many U.S. cities contribute to overall affordability.
Quality of Life
- Leisure and Recreation:
- Rich cultural heritage with access to music, especially blues and rock n’ roll.
- Numerous parks and outdoor activities along the Mississippi River.
- Community:
- Known for its Southern hospitality.
- Diverse neighborhoods offering various lifestyle options.
Access to Healthcare
- Healthcare Systems:
- Home to significant medical centers and healthcare facilities.
- Access to quality healthcare services with several hospitals and specialized practices.
- Costs:
- Healthcare costs are slightly below or comparable to the national median.
Quality of K-12 Schools
- Public Education:
- Mixed reputation with some schools excelling and others facing challenges.
- The presence of magnet and charter schools provides alternatives to traditional public schools.
- Private Education:
- Several well-regarded private and parochial schools available.
Overall Assessment
Earning $154,575 per year in Memphis, TN, translates to a comfortable lifestyle due to a relatively low cost of living and affordable housing market. The city offers a vibrant cultural scene, diverse neighborhoods, and accessible healthcare, making it an attractive place for individuals and families. While public school quality varies, education options abound, ensuring well-rounded access for children's schooling needs. Memphis provides a unique blend of affordability, culture, and amenities, contributing to a high-quality lifestyle.
