Quality of Life for a $128,400 Income in Memphis, TN

Cost of Living

• Below National Average: Memphis's cost of living is generally below the national average, making it more affordable than many other parts of the United States.
• Essentials: Groceries, utilities, and transportation costs tend to be lower, allowing for better allocation of disposable income.

Housing Market

• Moderate Home Prices: The median home price in Memphis is significantly lower than the national median, offering more affordable options for home ownership.
• Diverse Housing Options: The real estate market provides various housing choices, from affordable single-family homes to upscale residences.

Quality of Life

• Cultural Vibrancy: Known for its musical heritage and vibrant culture, residents have ample opportunities for recreation and entertainment.
• Community-Oriented Living: Strong community networks enhance the local lifestyle, fostering a sense of belonging and connectivity.

Access to Healthcare

• Comprehensive Medical Services: Memphis is home to reputable hospitals and healthcare facilities, providing residents with quality medical care.
• Specialized Treatments: Access to specialized medical treatments and top-tier hospitals, such as St. Jude Children's Research Hospital.

Quality of K-12 Schools

• Varied Education Options: The city offers a mix of public and private schooling options, catering to diverse educational needs.
• Room for Improvement: While some schools perform well, others struggle with issues common to urban education systems, requiring parents to be discerning in school selection.

Overall Assessment

A salary of $128,400 provides a comfortable lifestyle in Memphis, TN, where the cost of living is favorable compared to the national average. Attractive housing prices and the city's cultural richness enhance quality of life, although residents may need to navigate variability in school quality and healthcare facilities.