Memphis is a city in the southwest corner of the U.S. state of Tennessee, and the county seat of Shelby County. It is the largest city in the state of Tennessee, the third largest in the South-eastern United States, and the 19th largest in the United States. The city's central location has led to much of its business development. Located on the Mississippi River and intersected by several freight railroads and two Interstate highways, Memphis is ideally located for commerce among the transportation and shipping industry. The United States of America (USA) is in North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico. The climate is mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semi arid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest. The official language is English. It is predominant in business circles throughout the US. The US has highly cosmopolitan immigrant communities, particularly in cities who speak many other languages. Spanish is widely spoken in districts of most cities, as well as areas near the Mexican border. The main religion is Christianity. The economy of the United States is a capitalist mixed economy, fuelled by abundant natural resources, a well-developed infrastructure, and high productivity. The U.S. economy is the largest national economy in the world, with an estimated gross domestic product (GDP) equal to a quarter of nominal global GDP and a fifth of global GDP at purchasing power parity. Expatriate business dress is generally formal, comprising jacket and tie for men and suits for women, although this may differ by industry and state. The security risk for expatriates in the United States is low overall, but medium in low-income, inner-city areas. Risks include terrorism, opportunistic street crime (such as pickpocketing, bag-snatching, mugging and vehicle theft), and violent crime in low-income, inner-city areas. Other risks include hurricanes, forest fires, and snowstorms. The currency of United States is the US Dollar (USD). Banking is on a par with the rest of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates can be high. Some hospitals may ask non-US residents to pay a deposit or ‘good faith’ payment on admittance. The population of Memphis TN is 1.3 Million (2018 est.), while the inflation rate (CPI) is 2.8% for the United States as at May 2018. For a single Expat, the personal income tax rate in the USA is based on the current personal income tax rates using the Single Federal income tax 2018 marginal rates for individuals which are progressive up to 37%. In addition there are State and Local Taxes which vary across the USA. The average State and Local Tax is 6.5%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Memphis TN, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Memphis TN as at 1 July 2018 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Very Low 3) Communication: High 4) Education: High 5) Furniture & Appliances: Very Low 6) Groceries: Low 7) Healthcare: High 8) Household Accommodation: Very Low 9) Miscellaneous: Very Low 10) Personal Care: Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Average 13) Transport: Low Memphis TN is for example 10.3% more expensive than Houston TX for groceries, -13.9% cheaper for household costs than Kuala Lumpur, and 4.4% more expensive for transport costs than Dubai. The hardship premium for Memphis TN for an expat from Perth, is for example 0%, i.e. host location (Memphis TN) premium of 10% minus home (Perth) location premium of 10%. Memphis TN is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Memphis TN? Register subscribe to your home location and Memphis TN and run your personalised reports.