By Jeff Wallace, Ph.D., Research Associate Professor, Sparks Bureau of Business and Economic Research
If you live in Memphis, here’s something to crow about. According to an article recently released (May 16, 2019) by www.gobankingrates.com, Memphis is the most affordable of the 50 largest U.S. cities for someone with a $100,000 salary. Items factored in the analysis included annual averages for taxes, rent, groceries, utilities, transportation costs, and healthcare costs. After accounting for these costs, an individual with a salary of $100,000 would have $46,093 left over.