Housing costs in Memphis?
A typical home costs
$135,300, which is 60.0% less expensive than the national average of
$338,100 and 36.3% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Memphis costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 30.1% cheaper than the state average of
$950.
Can I afford Memphis?
To live comfortably in Memphis (zip 63555), Missouri, a minimum annual income of
$25,920 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Memphis?
The cost of living in 63555 Memphis, MO is quite reasonable. The cost of groceries, utilities, and other necessities are all lower than the national average. Additionally, the median home price in this zip code is about $83,000, well below the national average of around $219,000. This low price can be attributed to the relatively low population density; Memphis has a population of 2,488 people as of 2019. Renting an apartment or house also tends to be cheaper than most other areas in the country due to its rural setting. All in all, 63555 Memphis is an affordable place to live that offers plenty of amenities for people looking for a quiet lifestyle outside of a big city.