Life

29 Cheapest Places To Live In The U.S.

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Memphis, Tennessee

Source: https://www.tripsavvy.com/

Known as the birthplace of Rock and Roll and the home of Graceland and of the blues, Memphis offers a lot more than quality recreation. While it is recognized as the regional center for art, commerce, education, entertainment, and media, Memphis is also known for its great barbecue and the global barbecue cooking contest it hosts annually.
The city’s location on the Mississippi River, intersected by major railroads and highways, makes it ideal for commerce, transportation, and shipping. Memphis is also home to the second busiest cargo airport in the world and serves as the main hub for FedEx Express shipping.
Despite Memphis’ many events, cultural attractions, and historic points of interest, the city manages to offer its residents not only a low cost of living but also one of the country’s lowest taxes. In fact, there are no city, county, or state income taxes in Memphis. The metropolitan also offers the best bargains for denizens and tourists alike. Even housing expenses such as mortgage will only take up a small portion of your monthly earnings. You can even buy a quality home for less than S100,000, and rent is about a third less than what tenants pay outside Memphis.
Cost of Living: 76
Median Home Value: $89,100
City Population: 652,236
Median Household Income: $38,230
Unemployment Rate: 4.2%

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