Quality of Life for a $130,350 Income in Memphis, TN

Cost of Living

• Overall Affordability: Memphis is known for its relatively low cost of living compared to the national average. This allows individuals and families earning $130,350 a year to maintain a comfortable lifestyle.
• Groceries and Utilities: These expenses are typically below the national average, allowing for more discretionary spending or savings.
• Transportation Costs: Due to the city's layout, transportation costs can be reasonable, although having a vehicle is often necessary due to limited public transit options.

Housing Market

• Median Home Price: The median home price in Memphis is significantly lower than the national average, making homeownership an attainable goal for someone earning $130,350 per year.
• Rental Market: Rent costs are also relatively low, providing affordable options for those not seeking to purchase property immediately.

Quality of Life

• Community and Culture: Memphis offers a rich cultural heritage, bustling music scene, and a variety of dining options. The city's history in blues music and BBQ is internationally recognized.
• Recreational Activities: Access to parks and outdoor activities are readily available, with places like Shelby Farms Park offering a range of options for exercise and relaxation.

Access to Healthcare

• Healthcare Facilities: Memphis hosts several reputable hospitals and healthcare providers, ensuring access to quality medical care.
• Affordability: Healthcare costs can vary, but overall they are competitive with national averages, making healthcare relatively accessible for someone with this income.

Quality of K-12 Schools

• Public Schools: The quality of public schools can vary widely across different districts within Memphis. Some schools offer excellent academic programs, while others may face challenges.
• Private Schools: There are numerous private schooling options that provide high-quality education, albeit at a higher cost, which is manageable on a $130,350 annual salary.

Overall Assessment

In summary, Memphis, TN, provides a high quality of life for individuals earning $130,350 per year. The combination of a low cost of living, affordable housing market, cultural richness, quality healthcare, and educational opportunities makes the city an attractive place for both individuals and families.