Memphis: the City Where Your Income Goes the Furthest!
Relocation: the action of moving to a new place and establishing one’s home or business there. Are you in a place where you are considering relocating to a new city? Maybe because of career shifts, proximity to family or new opportunities for your personal interests? If you are seriously weighing the costs of what life would be like if you were to relocate to a new place, you are in the right place!
We came across an interesting article by Smart Asset that highlights how a six-figure salary translates differently in some of the largest U.S. cities. One of their key findings? $100K goes the furthest in Memphis, Tennessee!
The low cost of living in Memphis and surrounding areas is an advantage to moving to the city full of possibilities! The article mentions: “A $100,000 salary is worth more here ($86,444) than in any other city in our study after subtracting taxes and adjusting for the cost of living.” That is almost 14% lower than the national average!
Read more about this interesting data and what other cities top this list, here:
https://smartasset.com/data-studies/dd-what-100000-is-worth-2023
Are you re-locating to Memphis and looking for a safe community to call home? Collierville, TN is an idyllic town located about a half hour from the city! Collierville is known for its fantastic public amenities, award-winning public and private schools, and strong town leadership. When searching for a quality-built home in superior locations, consider Magnolia Homes for your new construction home!
