Typical Monthly Housing Expenses (1 Bedroom Outside of City Center): $600
Typical Monthly Utilities (Electric, Heating, Water, Garbage): $139.09
Monthly Public Transportation Expenses: $50
Annual Income Needed for a Living Wage Before Taxes: $20,306
Although Graceland and excellent barbecue have made Memphis a popular tourist destination in the U.S., it isn't an expensive place to call home. The "City of Good Abode" is known for its copious amounts of Southern hospitality; maybe that's why more musicians have recorded songs about the place than any other city in the world. Memphis isn't all about Elvis and ribs, though. Beale Street is the go-to spot for live music, entertainment, and shopping, so if you choose to call Memphis home, mosey on down the street and soak up the Southern charm.