(MEMPHIS, Tenn.) -- Memphis was ranked the second-most affordable city in the United States, in terms of cost of living, by Forbes.
The Forbes rankings took into account home sales price as compared to the median income levels in that city, cost of food, utilities and transportation, among other factors. The list ranks cities with more than 600,000 residents.
Memphis was one of six southern cities on the list, including Knoxville, Tenn., Louisville, Ky., and Birmingham, Ala.
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