Memphis cost of living is 76.0
| COST OF LIVING | Memphis | Tennessee |
|---|---|---|
| Grocery | 93.3 | 95.4 |
| Health | 98.4 | 101.9 |
| Housing | 37.1 | 71.2 |
| Median Home Cost | $123,800 | $231,600 |
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Is Memphis Tennessee expensive to live?
Memphis, Tennessee’s cost of living is 17% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
How much does it cost to live comfortably in Memphis TN?
In Memphis, the site lists the median income as $38,230 a year, but says the needed income if you’re a homeowner is $63,595 a year, and that the needed income if you’re a renter is $69,331.
Is Memphis TN cheap?
But beyond the neon of Beale Street, Memphis offers a delightful living experience steeped in southern charm and modern flair. The cost of living is quite affordable, with apartments, condos, and houses to fit any budget.
Is Memphis or Nashville cheaper?
Memphis is 25.0% less expensive than Nashville-Davidson. Memphis housing costs are 67.3% less expensive than Nashville-Davidson housing costs.
What is a good salary in Memphis TN?
Average Salary in Memphis, TN
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $84,893 | $1,632 |
| 75th Percentile | $69,801 | $1,342 |
| Average | $58,468 | $1,124 |
| 25th Percentile | $46,691 | $897 |
How much do you need to live in Memphis TN?
A U.S. News & World Report cost of living index estimates that a single person living in Memphis can expect to pay about $800 per month on living costs excluding rent, while a family of four should expect to spend about $2,800 per month. Memphis is also an attractive place to live, in addition to being affordable.
Is Memphis safe to live?
Safety. We’ve got to admit that Memphis isn’t exactly a safe place to live.The Memphis Police Department oversees law and order, and they have a busy job keeping citizens safe – Memphis is safer than only 0.6 percent of the cities in the nation and you have a 1 in 13 chance of being a victim of crime here.
What are the pros and cons of living in Memphis Tennessee?
Here are the key pros and cons of moving to Memphis, TN:
| The Pros of Living in Memphis | The Cons of Living in Memphis |
|---|---|
| You’ll enjoy sports | High sales tax |
| Memphians are friendly | You’ll need a car to move around in Memphis |
| Top-quality education | You may have to deal with tornadoes and violent storms |
Is Nashville safer than Memphis?
Nashville is Tennessee’s 37th safest city, according to a new report, but is safer than Knoxville, Chattanooga and Memphis.
What is it like to live in Memphis?
Residents of Memphis enjoy mild winters, great sunny summers, and beautiful fall and spring weather conditions. The annual high temperature average is 72.4 degrees with an annual low temperature average of 53.6.Tech Growth – Memphis has been named in the top 10 cities in the country in terms of growth in Tech jobs.
What is the cost of living in Tennessee?
An amount below 100 means Tennessee is cheaper than the US average. A cost of living index above 100 means Tennessee, Tennessee is more expensive.
Tennessee cost of living is 87.6.
| COST OF LIVING | Tennessee | United States |
|---|---|---|
| Health | 101.9 | 100 |
| Housing | 71.2 | 100 |
| Median Home Cost | $231,600 | $291,700 |
| Utilities | 96.7 | 100 |
What is the average cost of living in Nashville Tennessee?
Nashville-Davidson cost of living is 101.4
| COST OF LIVING | Nashville-Davidson | Tennessee |
|---|---|---|
| Health | 96.7 | 101.9 |
| Housing | 113.3 | 71.2 |
| Median Home Cost | $341,700 | $231,600 |
| Utilities | 99.3 | 96.7 |
What is the racial makeup of Memphis?
According to the most recent ACS, the racial composition of Memphiswas: Black or African American: 64.11% White: 29.23% Other race: 3.28%
Is Memphis bigger than Nashville 2021?
Nashville is now the nation’s 24th-biggest city, with Memphis at No. 25. The Tennessean has more on the new census figures here.
Does Memphis or Nashville have more people?
Nashville’s metro area, with a population of 1.83 million, is much larger than the nine-county Memphis area, which has an estimated 1.34 million people. A 10-county region encompassing Nashville is expected to grow to a population of 2.6 million by 2035, according to projections by the local planning organization.
Is Memphis a poor city?
The city of Memphis has a poverty rate of 27.8%. Child poverty is 44.9%, while the poverty rate for people over age 65 is the lowest of any age group at 15.8%. Poverty in Memphis has increased markedly for all ages and for non-Hispanic Blacks as a whole, while decreasing for non-Hispanic Whites and for Latinos.
How much money do you need to live comfortably in Tennessee?
–A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year. The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.
What is the unemployment rate in Memphis TN?
The unemployment rate in Memphis peaked in April 2020 at 13.4% and is now 8.1 percentage points lower.
Memphis, Tennessee Unemployment History.
| Date | November 2020 |
|---|---|
| National Unemployment Rate | 6.7% |
| Tennessee Unemployment Rate | 5.6% |
| Memphis Unemployment Rate | 7.2% |
How much is a gallon of milk in Memphis Tennessee?
Cost of Living in Memphis
| Restaurants | Edit |
|---|---|
| Coke/Pepsi (12 oz small bottle) | 1.73$ |
| Water (12 oz small bottle) | 1.26$ |
| Markets | Edit |
| Milk (regular), (1 gallon) | 2.99$ |
What is the average water bill in Memphis?
MLGW started collecting data on rates in the early 1990s. Memphis continues to outperform many cities in terms of what customers pay for electricity, natural gas, water and wastewater services. Last year, a typical winter residential bill was $253.09. This year, the bill decreased to $244.10, a difference of $8.99.
