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Is moving to Memphis, TN right for you?
Music is to Memphis what life is to the living. Memphis is known for blues, rock 'n' roll, soul music, and some of Tennessee's leading tourist spots. Memphis has one of the lowest costs of living in the entire United States and homes are easily affordable in the city.
Famous for its endless entertainment, Memphis is Tennessee's second most populous city and one of the best places to live in Tennessee. Memphis spectacular outdoor activities, great weather, and shorter commute time makes it a perfect place for many millennials.
If you'd like to live in a city where every day is a holiday, and the entertainment is endless, moving to Memphis Tennessee is right for you. To help you weigh your options carefully before making a decision, we've curated key data about living in Memphis.
Here's all you need to know before making up your mind about moving to Memphis:
Learn some facts about Memphis before moving to the city to help you decide if it's the right place for you.
How many people call Memphis their home? Before making up your mind about moving to Memphis, The Population of Memphis is 651,073 and it's the second largest city in Tennessee. Here's a simple breakdown of the city's population:
How fast can you commute if you're moving to Memphis, TN? Most of the residents in Memphis, TN move around the city with their personal car rather than rely on the public transportation system.
Tip: While moving the home, safety of your belongings is the priority and you need a trustworthy mover at your side. Know the top-rated moving companies in Memphians, TN.
Moving to Memphis, TN gives you the opportunity to experience all four seasons in a year. Here's a simple analysis of the weather in Memphis, Tennessee:
Memphis, the home of the blues, could be the perfect place for you if you're considering moving to another city. We've curated the key reasons why moving to Memphis is a great idea:
The birthplace of Blues and Rock 'n' Rolls is a destination to catch up with endless music. On every nook and corner of the city, you will come across a music club playing live music and every second person in Memphis is a crazy music lover looking for an opportunity to display his talent. There’s no place on the planet as Memphis to explore Rock 'n' Rolls.
Memphis is the 7th best city to start a business in the US. The availability of resources, attractive corporate taxes, labor costs, industry variety, and the affordability of office space per square foot play major roles in making Memphis a hot start-up destination.
The housing expenses in Memphis are 34% lower than the national average and transportation expenses like bus fares and gas prices are 11% lower than the national average. While the median home rent in this Tennessee city is $825 per month, you could own a home for $228,326. This is much lower when compared to nearby cities, such as Nashville.
One of the great things about Memphis is affordable accommodation. You can rent a studio apartment for $683 and a one-bedroom house for $770. The monthly rent for a two-bedroom home is approximately $908 while a three-bedroom house is $1,240.
You can buy a medium house in Memphis for $124,779, which is much lower than the national average. However, home values have gone up 19.7% over the past year.
In Memphis, you don’t need to stay inside either in winter or in summer. Whether it's hitting the links, the trails, or family-focused attractions, Memphis is a stellar choice for outdoor enthusiasts to explore, almost year-round.
Here are a few activities to engage outside in Memphis:
From music fests to foodie feasts, Memphis is packed with festivals year-round and the city is always in the festival mood. Here are some of the must-explore events and festivals in Memphis:
Tennessee does not levy tax on your earnings which means your bank account will be fatter than your friends in other states. However, there is a 6% tax on interest and dividends and a 7% sales tax.
From the pristine scenic beauty to the lip-smacking goodness that is Memphis-style barbecue, the residents have got reasons to be happy living here. Memphis is ranked the 9th happiest city in the country in 2023 and also the 7th most spiritually fulfilled city. In professional life, Memphis ranks 4th happiest city in the US to work.
The 4 distinct kinds of weather make Memphis a comfortable place to live and work year-round.
The city experiences all 4 kinds of weather – winter, summer, spring & fall. The summers are long, hot, and muggy while winters are short, very cold, wet, and windy. Thunderstorms can happen any time of the year but are common in the spring months.
The delicacies at Memphis are mouthwatering and mostly famous for slow-cooked, dry rub barbecue ribs. However, Memphis cuisines are not just limited to barbecues but the food diversity is large.
Here are a few dishes you should not miss in Memphis:
Moving to Memphis gives you good job opportunities completed with a low cost of living and no income tax. In addition, fuelled with high voltage music, Memphis is a city with a pulse.
Moreover, the city is surrounded by serene settings. But Memphis has also got reasons not to move here. You need to study both the pluses and minuses of Memphis before taking the final call. To help you, we have got the honest pros and cons of living in Memphis.
Here are the key pros and cons of moving to Memphis, TN:
Memphis, TN is home to many neighborhoods. Since you're considering moving to Memphis, TN, the following are the best places to live in the city using data from HomeSnacks:
Here are the 10 best neighborhoods in Memphis, TN:
| Rank | Neighborhood | Population | Home Value | Median Income |
|---|---|---|---|---|
| 1 | Windyke-Southwind | 10,884 | $275,875 | $85,767 |
| 2 | Cordova-Appling | 83,223 | $143,825 | $65,003 |
| 3 | Eads-Fisherville | 14,121 | $197,233 | $77,857 |
| 4 | River Oaks-Kirby-Balmoral | 42,038 | $169,116 | $64,831 |
| 5 | East Memphis-Colonial-Yorkshire | 107,753 | $133,731 | $47,789 |
| 6 | Hickory Ridge-South Riverdale | 92,024 | $90,668 | $45,212 |
| 7 | Raleigh | 54,460 | $68,098 | $37,105 |
| 8 | Midtown | 62,752 | $96,608 | $34,572 |
| 9 | Berclair-Highland Heights | 33,880 | $54,679 | $29,979 |
| 10 | White Haven-Coro Lake | 88,153 | $69,690 | $34,319 |
Memphis is one of the least expensive cities to live in the United States. The cost of living in Memphis is rated 76.0 using a United States average of 100. This means the cost of living in Memphis is 24 times lower than the United States average. If you're moving to Memphis, you wouldn't have to bother about the high cost of living. Housing is rated as the most significant factor in the cost of living metric.Also, you can calculate your cost of moving to Memphis using a free moving cost calculator. You can request for free moving quotes to get multiple quotes from professional moving companies.
Since you're mulling over moving to Memphis, you should be aware that the city has some of the least expensive rental markets in the entire United States. Renting a home in Memphis is fairly easy and 5.3% of homes in the city are available to rent, the United States average is 2.1.
In Memphis, renters make up 41.9% of the population and since you're considering moving to Memphis, you may decide to buy or rent a home. To help you get started, since you're contemplating moving to Memphis, TN here's a simple analysis of the Memphis rental market compared to the U.S. average.
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Start My Quote NowHow much will you start earning if you move to Memphis, TN? Depending on your current location, you may end up earning more or less when you move to Tennessee. Let's find out how much you will most likely earn in Tennessee.
The booming economy of Memphis has significantly contributed to the city’s job market. One of the robust economies in the Southeastern United States, Memphis’ job sector highly stresses manufacturing, transportation, and shipping. If you're mulling over moving to Memphis, here are all the key information you need to know about the city’s job market:
While moving to Memphis, it is important you know the best-paid jobs as you may consider switching the career. To know the job market better, we’ve listed the top-paid jobs in Memphis.
Memphis is home to hundreds of companies, both small and large, giving jobs and contributing to the city’s economy for long decades. Here are some of the companies that made the best use of the business climate in Memphis and grew up as top players.
Looking to buy a home in Memphis after moving to the city? We have collated key metrics of the Memphis real estate market to help you put the right foot forward.
One of the best parts of moving to Memphis is that the city's real estate market is known for having some of the most affordable homes in the entire United States. More than 50% of Memphis residents are homeowners and the city's real estate value is constantly on the rise. Here's a simple analysis of Memphis real estate market:
Before you make a call to move to Memphis, it is important to know the city’s health system. Despite ranking high in healthcare, life expectancy is lower in Memphis than the national average and the city also has serious obesity issues.
Memphis, TN is home to many neighborhoods. Since you're considering moving to Memphis, TN, the following are the best places to live in the city using data from HomeSnacks:
Here are the 10 best neighborhoods in Memphis, TN:
| Rank | Neighborhood | Population | Home Value | Median Income |
|---|---|---|---|---|
| 1 | Windyke-Southwind | 10,884 | $275,875 | $85,767 |
| 2 | Cordova-Appling | 83,223 | $143,825 | $65,003 |
| 3 | Eads-Fisherville | 14,121 | $197,233 | $77,857 |
| 4 | River Oaks-Kirby-Balmoral | 42,038 | $169,116 | $64,831 |
| 5 | East Memphis-Colonial-Yorkshire | 107,753 | $133,731 | $47,789 |
| 6 | Hickory Ridge-South Riverdale | 92,024 | $90,668 | $45,212 |
| 7 | Raleigh | 54,460 | $68,098 | $37,105 |
| 8 | Midtown | 62,752 | $96,608 | $34,572 |
| 9 | Berclair-Highland Heights | 33,880 | $54,679 | $29,979 |
| 10 | White Haven-Coro Lake | 88,153 | $69,690 | $34,319 |
Before making up your mind about moving to Memphis, TN, you should be aware about the city's crime rates to decide if it's the right place for you or not. So, we've curated key metrics about crime rates in Memphis, using data from NeighborhoodScout to help you get started.
If you have school-age kids and considering moving to Memphis, TN, we've curated a list of the top-rated schools in the state. Here they are:
SRichland Elementary School
5440 Rich Road, Memphis, TN, 38120, Public district, PK-5 | 806 students, Rating: 9/10
Rivercrest Elementary School
4825 Rivercrest Lane, Memphis, TN, 38135, Public district, PK-5 | 522 students, Rating: 8/10
Bon Lin Middle School
3862 North Germantown Road, Memphis, TN, 38133, Public district, 6-8 | 749 students, Rating: 8/10
Campus School
535 Zach H Curlin Street, Memphis, TN, 38111, Public district, 1-6 | 324 students, Rating: 8/10
White Station Elementary School
4840 Chickasaw Road, Memphis, TN, 38117, Public district, PK-5 | 657 students, Rating: 8/10
White Station High School
514 South Perkins Road, Memphis, TN, 38117, Public district, 9-12 | 2,205 students, Rating: 7/10
Middle College High School
750 East Parkway South, Memphis, TN, 38104, Public district, 9-12 | 280 students, Rating: 7/10
Hollis F. Price Middle College High School
807 Walker Avenue, Memphis, TN, 38126, Public district, 9-12 | 119 students, Rating: 7/10
Memphis Rise Academy
1230 Covington Pike, Memphis, TN, 38122, Public charter, 6-12 | 438 students, Rating: 5/10
Central High School
306 South Bellevue, Memphis, TN, 38104, Public district, 9-12 | 1,530 students, Rating: 5/10
White Station High School
514 South Perkins Road, Memphis, TN, 38117, Public district, 9-12 | 2,205 students, Rating: 7/10
Middle College High School
750 East Parkway South, Memphis, TN, 38104, Public district, 9-12 | 280 students, Rating: 7/10
Hollis F. Price Middle College High School
807 Walker Avenue, Memphis, TN, 38126, Public district, 9-12 | 119 students, Rating: 7/10
Memphis Rise Academy
1230 Covington Pike, Memphis, TN, 38122, Public charter, 6-12 | 438 students, Rating: 5/10
Central High School
306 South Bellevue, Memphis, TN, 38104, Public district, 9-12 | 1,530 students, Rating: 5/10
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