The cost of living in Memphis isn’t as high as other parts of the country, and wages are slowly starting to increase. Yet, more than a quarter of the residents in Memphis live in poverty, with nearly 45% of those residents being under the age of 18. Median incomes here are about $10,000 less than any other city across the state. Both violent and property crime rates are the highest in the state — and five times higher than the national rate.

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