Housing costs in Memphis?
A typical home costs
$83,700, which is 75.2% less expensive than the national average of
$338,100 and 69.8% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Memphis costs
$950 per month, which is 11.2% cheaper than the national average of
$1,070 and 7.4% cheaper than the state average of
$1,020.
Can I afford Memphis?
To live comfortably in Memphis (zip 38127), Tennessee, a minimum annual income of
$16,200 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Memphis?
The cost of living in 38127 Memphis, TN is generally very affordable. The median home price is around $125,000 and the median rent is around $870 per month. The average cost of groceries is also quite low, as well as the overall cost of goods and services. In addition to being affordable, 38127 Memphis offers a variety of cultural attractions and activities that are sure to please any traveler or local resident. Whether you鈥檙e looking for an outdoor adventure or a night out on the town, there鈥檚 something for everyone in this lively, vibrant part of Tennessee.