Moving to Memphis, TN-MS-AR

A complete guide to the metro

Should you move to Memphis, TN-MS-AR?

Memphis, TN-MS-AR is home to 1,337,779 residents. Over the past decade, Memphis has seen a drop in population of -0.24%, making it #222 out of 392 US Metros in population growth.

The primary occupations in Memphis, TN-MS-AR are Management, business, science, and arts occupations, followed by Sales and office occupations, earning a median revenue of $39,497. The median household income in Memphis, TN-MS-AR is $55,840, ranking it #298.

Taking household income and the median home price of $325,000 into consideration, Memphis, TN-MS-AR received a home affordability grade of A.

Who is Memphis, TN-MS-AR for?

Based on the aged population, plus factors like weather and affordability, Memphis is Not great for retirees. Families are 63.4% of households, which is one consideration for why this Metro is okay for families —  C grade — and great for singles — scoring a B.

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How Does Memphis Rank?

D
Retirement
A
Diversity
B
Professionals
C
Raising a Family
A
Affordable Living

Who Lives in Memphis?

Discover more about the people who make up the Metro

Total Population

1,337,779

10-Year Change

-0.24%

A
Diversity Grade
White alone
42%
Black or African American alone
46.7%
American Indian and Alaska Native alone
0.3%
Asian alone
2.1%
Native Hawaiian and Other Pacific Islander alone
0.2%
Hispanic or Latino
6.1%

Total Households

520,309

Per Household

2.53

Men vs. Women
Female 52.1%
D
Retirement
C
Raising a Family
Under 5 years
6.4%
Under 18 years
24.6%
Over 65 years
14.9%

How does Memphis compare?

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Housing in Memphis

Buying or renting? Here’s more about real estate in the Metro

Total Households

Own vs. Rent

Own 56.4%
Rent 43.6%

Typical Age of Homes

1980 to 1999

Common Residence Type

single-family homes

Median Home Price (Q1 2023)

$325,000

Median Square Footage

2,249

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Monthly Mortgage (Median)

$1,399

Annual Property Taxes (Median)

$1,810

Moving advice

Increase your odds of a quick sale, earning more money, or saving your rental deposit by . A study by HomeLight found home sellers who invest in cleaners earned $3,700 more.

Cost of Living in Tennessee

How Does Tennessee Compare?

10
in Cost of Living
31
in Minimum Wage
5
in Living Wage

Tennessee State Taxes

Don't forget!

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Renter’s insurance protects you, your guests, and your things. Lemonade offers renters insurance plans for as low as $5 per month.

Should you move to Tennessee?

Tennessee, the Volunteer State, is a place of rich history, diverse landscapes, and soulful music. Known for its pivotal role in the birth of blues, country, and rock ‘n’ roll, its booming healthcare industry, and its Southern hospitality, Tennessee offers a vibrant, culture-filled lifestyle.

Tennessee’s economy is buoyed by healthcare, automotive manufacturing, and music. Its major cities, Nashville, Memphis, and Knoxville, offer a blend of music, history, and a growing tech scene.

Living in Tennessee provides a myriad of experiences. From touring the hallowed halls of Graceland to hiking in the stunning Great Smoky Mountains National Park or catching a live show in Nashville’s Music Row, Tennessee thrills with its mix of natural beauty and cultural heritage. Education is important here, with solid public schools and respected universities like Vanderbilt University and the University of Tennessee.

If you’re seeking a state that offers a rich cultural experience, a diverse economy, and a community-oriented way of life, Tennessee could be your ideal choice. Just be prepared to embrace the rhythms of life, both musically and otherwise!

Need some help with your move?

Moving labor can be hired by the hour, helping you budget for the heavy stuff or your entire move.

Memphis Economy

The industries, jobs, and economics of the Metro

Median Household Income

$55,840

US Average $74,580

Per Capita Income

$32,778

How does Memphis compare?

Primary Occupations

Management, business, science, and arts occupations

Secondary Occupations

Sales and office occupations

Is Memphis Safe?

How much crime is in the Metro?

Crime Rating: Very Low Crime

Total Crimes (2022)

5798

Crime Rate

Per 100,000 residents

Violent crimes: 81.7

Murder: 1.1

Violent crimes: 81.7

Explore Tennessee

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