Forbes Ranks Memphis as 2nd Most Affordable City

Release date: 3/11/2014

Forbes recognized Memphis as America’s second most affordable city when surveying the 100 largest Metropolitan Statistical Areas in the country. First, Forbes looked at housing affordability, using the Housing Opportunity Index, and then they considered the cost-of-living index developed by Sperling’s Best Places. In the end, Memphis was one of six southern cities to make the list with a Housing Opportunity Index of 78.7 and a Cost-of-living index of 91.8.

2014’s Top 10 Most Affordable Cities include:
1. Buffalo, NY
2. Memphis, TN
3. Cincinnati, OH
4. Dayton, OH
5. Knoxville, TN
6. Akron, OH
7. Grand Rapids, MI
8. Louisville, KY
9. Oklahoma City, OK
10. Warren, MI

To see the complete methodology and rankings, please visit: http://www.forbes.com/sites/erincarlyle/2014/03/11/americas-most-affordable-cities/


The Greater Memphis Chamber is the lead economic development agency for Memphis/Shelby County, and is a private, non-profit, membership-driven organization comprised of 2,300 business enterprises, civic organizations, educational institutions and individuals.


CONTACT: JENNY FISH
PHONE: (901) 543-3558
EMAIL: jfish@memphischamber.com