Just gonna also come out and say this... but you still would be living in MEMPHIS. No way I'd willingly live there or raise a family there, no matter how great the QOL bump would be. But, that's what's great about this job too, you can commute and it doesn't really feel like commuting. I know this because I did it at the regionals and another major pax airline, and it sucked! Not so much here.
Sure you can live in Memphis and convince yourself it's ok... or not. The choice is yours.
I'm a commuter and haven't flown in 2 weeks either... beard was YUUUUGE.