Quality of Life in Memphis, TN on a $136,800 Annual Salary

Cost of Living

• Overall Cost: Memphis has a lower cost of living than the national average. This means that your salary of $136,800 can stretch further here than in many other American cities.
• Groceries and Dining: Food prices are generally around the national average, with plenty of affordable options for dining out.

Housing Market

• Median Home Price: The median home price in Memphis is significantly lower than the national average. This makes purchasing a home more accessible for someone earning $136,800 annually.
• Rent Prices: Rental costs are also relatively affordable, providing reasonable options for both singles and families.

Quality of Life

• Affordability: The combination of a high salary relative to the cost of living allows for a comfortable lifestyle. Residents can enjoy dining, entertainment, and recreational activities without financial strain.
• Commute and Traffic: Memphis offers a manageable commute compared to larger cities, contributing positively to the overall quality of life.

Access to Healthcare

• Hospitals and Clinics: Memphis is home to several well-established hospitals and healthcare facilities, providing residents with quality medical care.
• Healthcare Costs: While healthcare costs can vary, they tend to be competitive and generally align with 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 national average, while others may face challenges.
• Private and Charter Schools: There are several highly-regarded private and charter schools available, offering alternatives for families seeking different educational options.

Summary

Living in Memphis, TN, on an annual salary of $136,800 offers a favorable quality of life due to the lower cost of living and housing affordability in comparison to the broader United States. Residents enjoy a comfortable lifestyle with access to quality healthcare and diverse educational opportunities, although families may need to consider their options regarding public and private schooling. Overall, Memphis provides a balanced environment for both work and leisure, making it an appealing choice for individuals and families seeking financial stability and a good standard of living.