Is Memphis, Tennessee a Good Place To Live? - Living In Memphis, TN

Is Memphis, Tennessee a good place to live?
Memphis is a city in Tennessee state in USA with a population of 650910 residents.. The poverty rate of Memphis is 24.6%, which is 76% higher than national average. The typical household in Memphis earns $41864 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 57.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Memphis, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Memphis remained 8.6%, which is 83% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Memphis, only 26% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Memphis is 79, which is 21% lower than national average. Median home value in Memphis is $107100 , which is 53% lower than national average. While median income in Memphis remained $41864, which is 38% lower than national average.
Population
650910
Unemployment
8.6%
83% NAT AVG.
Poverty
24.6%
76% NAT AVG.
Overall Score
3
Median Home Cost
$107100
53% NAT AVG.
Median Income
$41864
38% NAT AVG.
Median Rent
$915
21% NAT AVG.
Cost Of Living
79
21% NAT AVG.
People Living BPL
1 in 4
Unemployed People
1 in 12
People Earning < $10,000
1 in 9
People Earning < $50,000
57.6%
People with <= High School
1 in 2.3
People With Any Degree
1 in 3.1
Pros & Cons Overview

Jobs40%

Housing60%

Affordability60%

Safety20%

Amenities90%

Diversity85%

Education70%

Commute85%