Quality of Life in Memphis, TN on a $146,850 Salary

Overview of Cost of Living

• Cost of Living Index: Memphis generally has a lower cost of living compared to many parts of the United States.
• General Expenses: Categories such as groceries, utilities, and transportation are often below the national average.
• Discretionary Spending: The lower cost of living allows for a higher disposable income, potentially enhancing leisure and recreational activities.

Housing Market

• Median Home Prices: As of the latest data, the median home price in Memphis is significantly below the national average, providing more options within a comfortable budget.
• Real Estate Market: The housing market in Memphis offers a wide range of housing options, from historic neighborhoods to newer developments, making homeownership more attainable.

Quality of Life

• Community & Culture: Memphis is rich in cultural history and offers a vibrant music scene, especially noted for blues, soul, and rock 'n' roll.
• Dining and Entertainment: With an array of dining options and entertainment venues, residents have numerous ways to enjoy their leisure time.
• Outdoor Activities: Access to parks, the Mississippi River, and green spaces provides ample opportunities for outdoor recreation.

Access to Healthcare

• Healthcare Facilities: Memphis hosts several top-notch hospitals and specialized medical centers, providing comprehensive healthcare services.
• Healthcare Costs: Medical expenses in Memphis tend to be on par with the national average, ensuring that quality healthcare is accessible.

Quality of K-12 Schools

• Public Education: The quality of public schools varies across the city, with some districts offering exceptional educational opportunities.
• Private & Charter Schools: Numerous private and charter schools are available, offering alternatives for diverse educational preferences.
• Extracurricular Activities: A wide array of extracurricular programs and athletics are available, fostering a well-rounded education for children.

Summary of Assessment

Someone earning $146,850 annually in Memphis, TN, can generally expect a comfortable quality of life. The lower cost of living relative to the national average allows for significant savings, greater housing options, and access to diverse cultural and recreational activities. With good healthcare facilities and varying educational opportunities, Memphis offers a balanced environment for both individuals and families.