Research: Memphis is an affordable city to live in - Action News 5 - Memphis, Tennessee

Research: Memphis is an affordable city to live in

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MEMPHIS, TN -

(WMC-TV) - Memphis is a very affordable place to live, according to new research from Kiplinger.

The organization, based out of Washington, D.C., found Memphis was the fourth most cost efficient place to live.

Kiplinger highlighted buying a home in Memphis for less than $100,000 is nearly impossible to do in a similarly sized city.

Also, the fact that Memphis is home to three Fortune 500 companies did help the Bluff City's score.

A different business, EBay, has ranked Memphis as the seventh most affordable city to live in.

Other Mid-South cities which ranked on the Kiplinger top 10 list include ninth ranked Conway, Arkansas and fifth ranked Fayetteville, Arkansas.

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