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

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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 Shelby County, Tennessee, United States, and its county seat. Situated along the Mississippi River, it had a population of 633,104 at the 2020 census, making it the second-most populous city in Tennessee, the fifth-most populous in the Southeast, and the 28th-most populous in the nation. Memphis is the largest city proper on the Mississippi River and anchors the Memphis metropolitan area that includes parts of Arkansas and Mississippi, the 45th-most populous metropolitan area in the U.S. with 1.34 million residents.

European exploration of the area began with Spanish conquistador Hernando de Soto in 1541. Located on the high Chickasaw Bluffs, the site offered natural protection from Mississippi River flooding and became...

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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