Running an iOS simulator, is there any way to get information related to memory consumption of your simulated device? just to get an idea of how good the application is and whether I am not running out of memory due to extensive usage of data in plist and things like that.
You can use XCode Profile tools to check allocation, memory leaks. And there is an activity monitor to check the resource utilization.
Product->Profile (in XCode 4.2) and then choose the option you want to profile your application.