In a country of fluctuating mortgages, ping ponging list prices, and other real estate uncertainties, it’s nice to know some areas of the country are still extremely affordable. And even better, one of those places happens to be Memphis! The Memphis cost of living, according to CBS News, is as follows:
Average Rent: $709
Price of a home: $208,000
Can of coffee: $4.05
Dozen eggs: $1.62
While these are only a few factors, they help rank Memphis in the #4 spot in the Council for Community and Economic Research study. The study examined 308 urban areas throughout the country and came up with the list of the ten least expensive places to live.