Quality of Life in Memphis, TN with an Annual Income of $129,750

Navigating the quality of life in Memphis, TN, with an annual income of $129,750 can provide a comfortable lifestyle due to the city's relatively lower cost of living compared to the national average. Below is an assessment of key aspects influencing quality of life, including cost of living, housing market, healthcare access, and education.

Cost of Living

• Lower Than National Average: Memphis has a cost of living index that is significantly more affordable when compared to many other U.S. cities.
• Spending Power: With an annual income of $129,750, residents enjoy considerable discretionary income after covering essentials like groceries, utilities, and transportation.
• Affordability: Daily expenses for food, entertainment, and services are generally lower, allowing more for savings or leisure activities.

Housing Market

• Median Home Prices: The median home price in Memphis is substantially below the national average, making homeownership accessible.
• Property Options: A range of housing options is available, from downtown apartments to suburban homes, accommodating different lifestyle preferences.
• Investment Potential: The real estate market in Memphis can offer good investment opportunities due to steadily growing demand.

Quality of Life

• Cultural Amenities: Memphis boasts rich cultural amenities, including diverse music scenes, historical landmarks, and a vibrant arts community.
• Recreation: The city has numerous parks and outdoor activities, enhancing the quality of life.
• Community Engagement: Residents often benefit from a strong sense of community, with numerous events and social gatherings.

Access to Healthcare

• Healthcare Facilities: Memphis is home to several reputable hospitals and healthcare providers, ensuring high-quality medical services.
• Availability: Access to specialists and various health services is generally adequate, though some areas might experience longer wait times.
• Cost Considerations: Healthcare costs align closely with the national average, making it relatively affordable with a higher income.

Quality of K-12 Schools

• Educational Institutions: The quality of K-12 schools in Memphis varies, with some schools offering robust programs while others might face challenges.
• School Choices: Options include public, private, and charter schools, providing diverse educational environments.
• Performance Indices: School performance in certain districts might fall below national benchmarks, but many initiatives aim at continuous improvements.

Assessment Summary