Pros and Cons of Living In Memphis, Tennessee. Is Memphis, TN a Nice Place To Live or Retire?

Memphis, Tennessee

Moving to Memphis In Tennessee ? Is Memphis, TN a Nice Place To Live? Pros and Cons of Living in Memphis, Tennessee. Find out the best and worst about to live, raise a family or retire in Memphis.

Memphis is a city in the U.S. state of Tennessee. It is the seat of Shelby County, in the southwesternmost part of the state, and is situated along the Mississippi River. With a population of 633,104 at the 2020 U.S. census, Memphis is the second-most populous city in Tennessee after Nashville.

Memphis is the fifth-most populous city in the Southeast, the nation's 28th-most populous overall, as well as the largest city bordering the Mississippi River and third largest metropolitan statistical area behind Greater St. Louis and the Twin Cities on the Mississippi River. The Memphis metropolitan area includes West Tennessee and the greater Mid-South region, which includes portions of neighboring Arkansas, Mississippi and the Missouri Bootheel....

DEMOGRAPHICS

Population
650910
Unemployment
8.6%
83% NAT AVG.
Poverty
24.6%
76% NAT AVG.
Cost Of Living
79
21% NAT AVG.

ECONOMICS

Median Home Cost
$107100
53% NAT AVG.
Median Income
$41864
38% NAT AVG.
Median Rent
$915
21% NAT AVG.
Overall Score
3

CRIME REPORT

Total Crime
51507
237% NAT. AVG.
150% STATE AVG.
Violent Crime
15310
506% NAT. AVG.
250% STATE AVG.
Property Crime
36197
184% NAT. AVG.
123% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 12
People Earning < $10,000
1 in 9
People Earning < $50,000
57.6%
People With Any Degree
1 in 3.1

ETHNICITY

Ethnicity Memphis USA
White 24.9% 60.1%
African American 64.2% 12.2%
American Indian 0.1% 0.6%
Asian 1.7% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.4% 2.8%
Hispanic 7.4% 18.2%
Other 0.4% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Memphis USA
Less than $10,000 10.8% 5.8%
$10,000 to $14,999 7.4% 4.1%
$15,000 to $24,999 12.7% 8.5%
$25,000 to $34,999 12.1% 8.6%
$35,000 to $49,999 14.6% 12.0%
$50,000 to $74,999 16.6% 17.2%
$75,000 to $99,999 9.4% 12.8%
$100,000 to $149,999 9.1% 15.6%
$150,000 to $199,999 3.1% 7.1%

EDUCATION

Education Memphis USA
< 9th Grade 5% 5.0%
9-12th Grade 9% 7.0%
High School or GED 30% 27.0%
Other College 24% 20.0%
Associate's Degree 6% 9%
Bachelor's Degree 16% 20.0%
Master's Degree 7% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
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. 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.

Cost of living in Memphis is 79, which is 21% lower than national average. In Memphis, only 26% of adults have a bachelor's degree and 30% have some college but no degree. 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.
Memphis Scorecard

Jobs40%

Housing60%

Affordability60%

Safety20%

Amenities90%

Diversity85%

Education70%

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