Summary about cost of living in Memphis, TN, United States: Family of four estimated monthly costs are 2,980$ without rent. A single person estimated monthly costs are 857$ without rent. Memphis is 39.18% less expensive than New York (without rent).
What salary do you need to live in Memphis TN?
The median income in Memphis is $41,864. However, it’s advisable to spend no more than 30% of your take home pay on rent. If you rent a one bedroom apartment in Memphis for $1,001, you need a salary of $40,040 to live comfortably. For a two bedroom apartment that costs $1,167, you’ll need a salary of at least $46,680.
Is Memphis a expensive city?
Memphis’s housing expenses are 34% lower than the national average and the utility prices are 3% higher than the national average. Transportation expenses like bus fares and gas prices are 11% lower than the national average. Memphis has grocery prices that are 9% lower than the national average.
Is Memphis Tennessee a cheap place to live at?
If you’re looking for an affordable metropolitan city to call home, Memphis is a great choice. The overall cost of living in Memphis is 24% lower than the national average and 11.6% lower than the state average in Tennessee. Compared to Nashville, Tennessee, Memphis is 25.6% cheaper.
Is Memphis a good place to live?
Memphis has a fairly low cost of living for a large metro area. Rent prices and mortgage expenses are considerably lower than the national average. Expenses for food and services are also significantly lower than in other major regions, especially in the more rural areas that spread out beyond the metro region.
What is a good salary in Memphis?
A good salary in Memphis, TN is anything over $39,000. That’s because the median income in Memphis is $39,000, which means if you earn more than that you’re earning more than 50% of the people living in Memphis. The average salary in Memphis is $47,593. A good hourly wage in Memphis is $18.75 per hour.
What months does it snow in Memphis Tennessee?
The snowy period of the year lasts for 2.3 months, from December 19 to February 28, with a sliding 31-day snowfall of at least 1.0 inches. The month with the most snow in Memphis is February, with an average snowfall of 1.5 inches. The snowless period of the year lasts for 9.7 months, from February 28 to December 19.
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 |
Why is rent so high in Memphis?
The increasing number of renovations is related to what national experts say is the main driver of rent increases in places like Memphis: more people deciding to rent there. During earlier parts of the pandemic, many people moved out of cities and more young adults decided to live with friends or family.
Why should I move to Memphis?
One of the top reasons to move to Memphis is its low cost of living. Almost everything, from groceries to utilities through education and recreation, is considerably cheaper in Memphis and well below the national average.
What is the crime rate in Memphis?
With a crime rate of 82 per one thousand residents, Memphis has one of the highest crime rates in America compared to all communities of all sizes – from the smallest towns to the very largest cities. One’s chance of becoming a victim of either violent or property crime here is one in 12.
How much are utilities in Memphis TN?
Utilities will range depending on the size of your home or apartment. But basic Memphis utility costs for two people in a 915 square foot apartment include heating, electricity, cooling, water, garbage, and gas have an average around $140 per month. These costs are about $10 less than the US average.
What is the cost of living in Tennessee?
Our cost of living indices are based on a US average of 100. An amount below 100 means Tennessee is cheaper than the US average.
Tennessee cost of living is 87.6.
| COST OF LIVING | Tennessee | United States |
|---|---|---|
| Grocery | 95.4 | 100 |
| Health | 101.9 | 100 |
| Housing | 71.2 | 100 |
| Median Home Cost | $231,600 | $291,700 |
Do you need a car to live in Memphis?
Memphis is a town with so much to do and so little time to do it. From Beale Street to Midtown, there are places to see all over the city. Fortunately, the best parts of the city are extremely walkable and perfect for people who do not own a car. Memphis has a trolley and bus system operated by the city.
Is Memphis a poor city?
In 2019, Memphis continued in second place in both overall poverty and child poverty among large Metropolitan Statistical Areas (MSA) with populations greater than 1,000,000 and in child poverty among large cities with populations greater than 500,000.
What does Memphis do for a living?
What Does Memphis Do for a Living? Memphis has worked in the healthcare industry since 2012. She has a bachelor’s degree in Nursing and a master’s degree in Psychiatric-Mental Health Nurse Practice. Which ’90 Day Fiance’ Couples Are Still Together, Married or Divorced?
What is the average pay in Tennessee?
“We are pleased to report that the average wage for all occupations in Tennessee increased $0.30 cents per hour from $19.55 to $19.85/hourly,” Commissioner Burns Phillips said. Increase in the state’s average hourly wage represents a yearly average wage of $41,296.00.
Is Beale Street Safe?
For example, neighborhoods of Beale Street and Mud Island are now relatively safe, and citizens are trying their best to make downtown Memphis safe again. It is turning into a city where you can unwind and have a good time after years of abandonment.
What is the average pay in the US?
According to the May 2020 National Occupational Employment and Wages Estimates by the BLS, the average salary in the United States is $56,310, with a median wage of $20.17 an hour. As of 2021, it’s estimated that women in the U.S. earn around 82 cents for every dollar that a man earns.
Does it rain a lot in Memphis Tennessee?
Memphis, Tennessee gets 54 inches of rain, on average, per year. The US average is 38 inches of rain per year. Memphis averages 3 inches of snow per year. The US average is 28 inches of snow per year.
How many tornadoes does Memphis have?
From 1950 to 1993, 613 tornadoes were reported in the Memphis CWA with an average of 14 occurring each year(Fig. 8). These tornadoes killed 227 people, or about five each year. Tornadoes occurred during each of the 44 years, during every month of the year, and at all hours of the day.
