Kansas vs. Memphis: Who Would Win in a Financial Championship?
Well, we all know that Memphis is going to win the NCAA basketball championship tonight (OK, so I’m making that up - I could really mostly care less.)
But which city would win a financial battle off the court?
Let’s compare the financial stats of these two cities, brought to us by our lead stat keeper, Money Magazine.
Median Family Income
Lawrence, KS: $60,673
Memphis, TN: $43,620
Family Purchasing Power (Income with Cost-of-Living Adjustment)
Lawrence, KS: $64,409
Memphis, TN: $46,702
Sales Tax
Lawrence, KS: 7.30%
Memphis, TN: 9.30%
State Income Tax
Lawrence, KS: 3.50% - 6.45%
Memphis, TN: N/A
Average State Auto Insurance Premiums
Lawrence, KS: $1,837
Memphis, TN: $1,672
Job Growth (2000-2006)
Lawrence, KS: 4.42%
Memphis, TN: 0.12%
Average Home Price
Lawrence, KS: $209,297
Memphis, TN: $115,135
Percentage in County with a Health Plan
Lawrence, KS: 91.4%
Memphis, TN: 88.8%
Average Amount Spent on Vacations Per Year
Lawrence, KS: $7,256
Memphis, TN: $6,471
(Really?! Not sure which is “better,” though)
The winner of the 2008 Financial Championship (brought to you by Finance Girl): Kansas!
Whether Kansas will win the basketball championship tonight, I don’t know. But at least now all us financial geeks will have some interesting stats to throw around the bar.
5 responses so far
hee! for the first time ever, i kinda cared about the NCAA championship, and that danged kansas fouled it up for me! jerks.
Sounds like someone had money on North Carolina!
not that this makes a difference, but the sales tax in memphis is 9.25%, not 9.30. and sadly, i know this because i live in memphis and am sulking today!
luckily, just my boyfriend’s $5
but then i was rooting for memphis instead, and they went and lost their ability to make a free-throw! cripes.
Sorry, MAED. If it’s any consolation, a lot of my friends are Kansas fans and they always like to rub their team’s success in my face.
I was rooting for Memphis too, but then I started feeling sorry for Kansas when they were down by 9 points toward the end. I learned my lesson…never feel sorry for Kansas. Only 4 losses between their football and basketball teams this year. Not fair!