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How much do you need to live comfortably in Memphis?

Leia Doyle

How much do you need to live comfortably in Memphis?

How much you need to earn to live comfortably in Memphis and other major cities. The residents of 14 U.S. cities must earn at least $100,000 a year to comfortably rent or own a home in their area, according to an analysis from GoBankingRates.com.

What’s it like to live in Memphis Tennessee?

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. Average annual precipitation comes in at 53.67 inches with only 3 inches of average snow fall.

What you need to know about Memphis?

30 Things You Need To Know About Memphis Before You Move There

  • Hop On The Mystery Train To Graceland.
  • Where Rock Was Born.
  • Take A Gander At Some Marching Mallards.
  • Revisit An Important Chapter In American History.
  • Please Don’t Stop the Music.
  • Southern Soul.
  • Sink Your Teeth Into Some Mouthwatering Barbeque.

Should I move to Memphis?

One of the top reasons to move to Memphis is its low cost of living. The real whopper, however, is Memphis housing, which is a staggering 35% lower than the national average. In addition, Tennessee doesn’t have a state income tax, which means you get to keep more of what you earn.

What is a good salary in Memphis TN?

A person working in Memphis typically earns around 101,000 USD per year. Salaries range from 25,500 USD (lowest average) to 450,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.

How much money do you need to live comfortably in Tennessee?

NASHVILLE, Tenn. –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.

Why is housing so cheap in Tennessee?

Tennessee is a fairly cheap place to live, compared to the rest of the country. The cost of living index is 86.5, compared to the national average of 100. This is mostly due to the majority of the state being in rural areas and the lack of a state income tax.

What is the racial makeup of Memphis Tennessee?

According to the most recent ACS, the racial composition of Memphis was: Black or African American: 64.11% White: 29.23% Other race: 3.28%

Where should I not live in Memphis?

The most dangerous areas in Memphis is based on data from the local law enforcement agency and when not available, also includes estimates based on demographic data.

  • Downtown.
  • Parkway Village-Oakhaven.
  • Shelby Forest-Frayser.
  • Berclair-Highland Heights.
  • Midtown.
  • White Haven-Coro Lake.
  • Raleigh.
  • East Memphis-Colonial-Yorkshire.

Do you need a car in Memphis?

Re: Do I need a car? You don’t need a car while in Memphis. Most attractions are downtown. The only place out of the way is Graceland.

Is Downtown Memphis safe to live?

Downtown Memphis is very safe. There are police everywhere in downtown. As in any other big city, stay out of the alleys also, park and walk in well lit areas. Downtown Memphis has a lot of excitement from Beale Street to the Bass Pro Shop in the Pyramid.

What is the most dangerous part of Memphis?

What is the coldest month in Memphis?

January
Memphis’s coldest month is January when the average temperature overnight is 31.3°F. In July, the warmest month, the average day time temperature rises to 92.1°F.