Quality of Life in Memphis, TN on a $118,725 Salary
Living in Memphis, TN, on a salary of $118,725 offers a comfortable quality of life relative to many other parts of the United States. Here is an assessment across various factors:
Cost of Living
- Overall Affordability: Memphis is known for its affordable cost of living, offering residents a lower overall expense compared to many larger cities in the U.S.
- Groceries and Essentials: The cost of groceries and daily essentials is generally below the national average, allowing for financial flexibility.
- Transportation: Public transportation options may be limited for some areas, but the cost of car ownership, including gas and insurance, is relatively affordable.
Housing Market
- Home Prices: The median home price in Memphis is significantly lower than the national average, providing opportunities for homeownership and investment.
- Rental Market: Renting is also more affordable, with average rental prices being much lower than those found in other large urban areas.
- Property Taxes: Property taxes in Memphis are moderate, which favors both potential homebuyers and current homeowners.
Quality of Life
- Cultural and Recreational Activities: Memphis offers a rich cultural scene, with music festivals, museums, and historical attractions.
- Climate: The city experiences moderate weather, with mild winters and hot, humid summers.
- Community and Lifestyle: Residents often enjoy a laid-back, friendly atmosphere, with strong community ties and local events.
Access to Healthcare
- Healthcare Facilities: Memphis has a number of quality healthcare facilities and hospitals, including specialized medical centers.
- Healthcare Costs: Healthcare costs are relatively in line with the national average, though some specialized services may be higher.
- Availability of Services: There is good access to primary care, but certain specialties may require travel to larger neighboring cities.
Quality of K-12 Schools
- Public Education: Public schools in Memphis vary in quality, with some highly rated schools and others needing improvement.
- Private and Charter Schools: There are several private and charter school options available, often considered for higher educational outcomes.
- Educational Initiatives: The city is involved in various educational initiatives aimed at improving overall school performance and student support.
Overall Assessment
Overall, living on a $118,725 salary in Memphis, TN, offers a comfortable and enjoyable lifestyle. The relatively low
