Housing costs in Memphis?
A typical home costs
$65,300, which is 80.7% less expensive than the national average of
$338,100 and 78.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Memphis costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 73.0% cheaper than the state average of
$1,280.
Can I afford Memphis?
To live comfortably in Memphis (zip 79245), Texas, a minimum annual income of
$12,600 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Memphis?
The cost of living in 79245 Memphis, TX is relatively inexpensive compared to most cities. The median home value is $72,500 which is extremely affordable and perfect for first-time buyers and families. Groceries, utilities, and transportation all remain relatively low when compared to other places in the state. This makes it a great place for people who want to save money while still having access to all the amenities a city has to offer.